MedHOK
Part of Hearst Health, one of six companies delivering intelligence and software for care.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
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MHK, also known as MedHOK, is a forward-thinking company that provides cloud-based solutions designed to enhance compliance, quality, efficiency, and care within the healthcare industry. The company operates primarily in the healthcare market, serving health plans, Pharmacy Benefit Managers (PBMs), and provider organizations. MHK's innovative platform integrates both pharmacy and medical care, which is unique in the industry, and aims to improve member care by closing care gaps and ensuring compliance with ever-changing government regulations.
MHK's business model revolves around offering a suite of services that streamline various administrative and clinical processes for their clients. These services include enrollment processing, member maintenance, billing, and financial reconciliation. By automating these processes, MHK helps its clients reduce costs, enhance operational efficiency, and maximize revenue. The company also provides solutions to meet the complex requirements of the Centers for Medicare & Medicaid Services (CMS), ensuring that their clients remain compliant with federal regulations.
The company generates revenue through subscription fees for its cloud-based services and solutions. MHK's clients include some of the largest health plans in the United States, with three of the top five and six of the top ten health plans utilizing their services. Additionally, 40% of all Medicare health plans with a 4-star rating or higher use MHK's solutions, highlighting the company's significant impact on the industry.
MHK is part of the Hearst Health network, which underscores its commitment to leveraging knowledge and expertise to drive better member care in a constantly evolving healthcare environment. With over 25 years of experience, MHK continues to be a trusted partner for many leading healthcare organizations.
Keywords: cloud-based solutions, healthcare compliance, operational efficiency, member care, health plans, PBMs, provider organizations, financial reconciliation, CMS requirements, automation.