MED3OOO acquires Insurance Solutions Group

Today, MED3OOO announced that it has acquired Insurance Solutions Group, Inc., an insurance consulting and brokerage firm based in Wexford, PA. Carl Smollinger, President, and Tom Dean, Vice President of Insurance Solutions Group, will join MED3OOO. Mr. Smollinger will serve as a Senior Vice President over MED3OOO's managed care operations and will remain as President of MED3OOO's Insurance Solutions Group subsidiary. Mr. Dean will continue his role as Vice President of Insurance Solutions Group, Inc.

“Combining MED3OOO's provider base, technology solutions, and management and operational capabilities with Insurance Solutions Group's health plan and insurer connections will create a powerful combination of resources to bring to the employer community”

Mr. Smollinger has a longstanding history with MED3OOO, having previously served as an executive with the company when it was initially founded in 1995. Throughout his long career in healthcare delivery and financing, he has focused on generating efficiencies and providing value to employers and other payers of healthcare services. As an executive at Highmark Blue Cross Blue Shield, he managed the company's sales and managed care operations, including its commercial HMO, its Medicare Advantage Plan, and its Dental HMO. As a benefits consultant, he has helped employers throughout the United States design and implement programs that maximize their returns on investment in employee benefits.

"Both Carl and Tom are known innovators in helping employers improve the cost, quality, and access to healthcare and, importantly, in helping employers dramatically improve their bottom lines and employee satisfaction," said Patrick Hampson, Chairman and CEO of MED3OOO. "Together, MED3OOO and ISG can bring a unique capability to employers, hospitals, physicians, and payors, and create innovative opportunities for all to work together in controlling costs, improving health of employees, and each participant's competitive position. We look forward to having Carl and Tom join the MED3OOO executive team and together deliver an impressive array of products and services to the employer and provider communities," continued Hampson.

"I look forward to achieving synergies between Insurance Solutions Group's consulting and brokerage business and MED3OOO's third party administration and population health management capabilities," said Carl Smollinger, President of Insurance Solutions Group. "Combining MED3OOO's provider base, technology solutions, and management and operational capabilities with Insurance Solutions Group's health plan and insurer connections will create a powerful combination of resources to bring to the employer community," continued Smollinger.