McKesson and Change Healthcare partner on new venture


McKesson and Change Healthcare partner on new venture

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McKesson Corporation, a global healthcare services and information technology company, and Change Healthcare Holdings, a provider of software and analytics, have formed a new healthcare information technology company.

The new company is named Change Healthcare and combines substantially all of CHC’s business and the majority of McKesson Technology Solutions (MTS).

By uniting the majority of MTS’ businesses with CHC, the new companies say it will inspire a better healthcare system through a broad set of complementary capabilities that will deliver wide-ranging financial, operational and clinical benefits to payers, providers and consumers. “Over the last several years, our industry has experienced a continued shift toward value-based care, requiring an increasingly consumer-centered approach to healthcare,” said Neil de Crescenzo, chief executive officer of Change Healthcare.

"Change Healthcare will be distinctly positioned to leverage its data, analytics and forward-thinking insights to bring new innovative solutions to payers, providers and consumers as they strive to achieve the best healthcare outcomes as efficiently as possible in this new environment.

"We are thrilled to have completed this combination of two great organizations. Our nearly 15,000 team members will be working with our collective customers and partners to provide a stronger, increasingly collaborative and more efficient healthcare system that enables better healthcare outcomes.

"I’m confident that Change Healthcare’s expertise and comprehensive offering of solutions will not only deliver near- and long-term value for our customers and partners, but also help drive the journey toward improved lives and healthier communities."

McKesson Corporation, Change Healthcare, Partnership, New venture, Data analytics, Technology, Healthcare, US