October 14, 2022 – Premier subsidiary Contigo Health, LLC, a provider of comprehensive services that optimize employee health benefits, closed its transaction to acquire key assets from TRPN Direct Pay, Inc. and Devon Health, Inc. (collectively, TRPN). Acquired assets will include contracts with more than 900,000 providers across 4.1 million U.S. locations, as well as licenses to TRPN’s proprietary cost containment technology.
Contigo Health, which collaborates directly with self-funded employer health plans and health systems to improve employee access to high-quality healthcare, plans to leverage the acquired assets to develop the provider contracts into a new out-of-network wrap product named Contigo Health® ConfigureNet™. This new product is expected to complement and help grow Contigo Health’s health plan administration products, improving access to quality healthcare and reducing the cost of medical claims through pre-negotiated discounts with its network providers. Claims will be aligned to the network provider’s contracted rate through an electronic data interchange to help ensure a rapid and seamless process for health plans and providers alike.
“We are pleased to complete this transaction and look forward to the launch of Contigo Health® ConfigureNet™ later this fall,” said Michael J. Alkire, President and CEO of Premier. “With the acquisition of these assets, Contigo Health is well positioned to expand into self-funded employer health plans across the country, offering a differentiated solution that better manages costs and offers more choices to employees.”