HealthTrio, a developer of health information technology systems for payers and providers, has announced it will spin off its claims administration and business processes systems technology for payers as the core technology in forming a new company, Monument Systems.
According to a news statement, the spinoff aims “To spur new development and market demand for payer-focused, rules-based claims and benefits management technology.”
Monument Systems will be headed by Marty Chadwick as president and chief operating officer. Malik Hasan, the president and CEO of HealthTrio, is the “principal owner” of both privately held companies, according to a news release.
HealthTrio also provides a personal health-record system for patients and components of an electronic health-record system for physicians and other healthcare providers.