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Companion Data Services, Avalon Healthcare Solutions announce partnership
April 22, 2015
COLUMBIA, S.C. – Companion Data Services (CDS) will provide its health care claims processing systems and associated support services, along with secure data center support services to Avalon Healthcare Solutions as part of a new partnership, both companies announced today.
Avalon’s lab benefit management program serves patients, physicians and health plans to help ensure medically appropriate clinical laboratory testing. Avalon’s services promote the most effective treatment, improve clinical outcomes and appropriately reduce medical expense. The innovative Avalon platform enhances population health initiatives by supporting the collection, storage, and analysis of laboratory values.
“This new relationship is a great marriage between Avalon’s visionary, paradigm-changing business model and our well-established technology support systems, and health care applications and services,” CDS President Lola Jordan said. “We’re delighted Avalon chose us for this critical support relationship. We’re committed to helping Avalon exceed its operating objectives and time tables.”
According to Jordan, CDS is configuring elements of its claim processing systems to incorporate Avalon’s innovative approach to managing laboratory benefits. CDS will also provide business process outsourcing needed for servicing Avalon’s claims processing and customer support requirements.
“CDS has a strong, stable and secure infrastructure that is trusted throughout the industry,” said Gordon Sween, Avalon’s chief operating officer. “We’re confident CDS will prove to be a valuable partner as we fulfill our mission of helping to ensure the right test at the right time in the right setting in order to strengthen the likelihood of successful treatments.”
About Companion Data Services
CDS provides cloud-based data center hosting services in a technically progressive environment. Developing relationships and encouraging collaboration ensure achievement of its customers’ program objectives. CDS and its parent company operate a large, secure health care data center complex, with trusted relationships with the Centers for Medicare & Medicaid Services, TRICARE, the Federal Employee Health Benefits Program, the Blue Cross and Blue Shield Association and other private health plans. CDS has offices in Columbia, South Carolina; Dallas, Texas; and Baltimore, Maryland.
About Avalon Healthcare Solutions
Avalon is a leading innovator of quality and cost management programs for laboratory benefits. Avalon enhances patients, physicians, and health plans laboratory experience by expanding access, improving quality, and optimizing cost. Avalon is a portfolio company of Francisco Partners. Francisco Partners is a $10 billion global private equity firm that specializes in investments in technology and technology-enabled service companies. For more information, visit www.avalonhcs.com
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