Datavant Completes Acquisition of Ontellus

NEW YORK--(BUSINESS WIRE)--Datavant, the data collaboration platform trusted for healthcare, today announced the successful completion of its acquisition of Ontellus, a leading provider of health records retrieval and claims intelligence.

With this acquisition, Datavant will establish a fourth business vertical, Legal & Insurance, focused on simplifying the secure, compliant exchange of clinical and billing data between providers and requesters, including legal and insurance professionals. Vince Cole, former Ontellus CEO, will lead this new business, reporting directly to Kyle Armbrester, Datavant CEO.

“Every hour we can save from the task of exchanging health records is an hour that can be used for patient care. By bringing together Datavant and Ontellus, we will transform what has been a largely manual, time consuming process for both making and fulfilling health record requests to a more efficient, digital process that allows providers and requesters to spend more time on higher value activities,” said Kyle Armbrester, Datavant CEO.

This acquisition supports Datavant’s focus on moving health data securely and compliantly from where it sits to where it needs to be in the right format to authorized users. Ontellus also has been pursuing this objective on behalf of record requestors by digitizing its records retrieval business into a nationwide platform through which record requesters have direct access to providers. Additionally, through its canvassing services, Ontellus delivers detailed claimant treatment timelines to validate claims or uncover preexisting conditions, helping insurance customers reduce unnecessary and costly claims exposure.

“The Ontellus team has built a technology platform and scaled service offerings that are trusted by legal and insurance professionals across the country, and I am confident that through Vince’s leadership we will be able to leverage the spectrum of our expertise and capabilities to benefit all of our clients,” said Armbrester.

About Datavant

Datavant is the data collaboration platform trusted for healthcare. With a mission to make the world’s health data secure, accessible, and actionable, Datavant works with payers, providers, life sciences, legal and insurance clients globally to accelerate insights. Datavant enables more than 60 million healthcare records to move between thousands of organizations across the healthcare ecosystem, more than 80,000 hospitals and clinics, 75% of the 100 largest health systems, and 300+ real-world data partners. Datavant has office locations in Boston, New York and San Diego, with international offices in Barcelona and Galway. To learn more about Datavant, visit datavant.com and follow us on LinkedIn.

About Ontellus

Ontellus empowers insurance carriers, self-insured corporations and law firms to reduce costs, make informed decisions and accelerate claims resolution. As one of the nation's largest, privately held data retrieval and claims intelligence providers, Ontellus leverages decades of experience and cutting-edge technology to deliver impactful products and client-centric services with industry-leading turnaround times. For more information, visit www.ontellus.com.