Avizent, headquartered in Dublin, Ohio, was formed to acquire regional third party administrators serving the self-insured and high-deductible workers’ compensation market. From 2007 through 2011, the company built the only fully-integrated (vs. subcontracted/outsourced) service offering including claims and self-insured group administration, loss control and a suite of managed care services including pre-certification, scheduling, utilization review, medical bill review and network access services. By integrating these functions, Avizent was able to minimize the overall workers’ compensation costs for its clients.
Date of Realization: December 2011
Industry Sector: Healthcare Services