A new player is about to enter the enterprise management arena for physical therapy (PT), occupational therapy (OT), and speech therapy (SLP). NIA Magellan, based in Scottsdale, Ariz, is now offering solutions to aid in the management of these healthcare specialties, with a strategic aim in addressing rising health care costs on behalf of its customers.
Tina M. Blasi, chief executive officer of NIA Magellan, reports that the new capabilities offered by the firm’s solutions are a natural extension of the company’s focus on musculoskeletal management. “We’re excited about expanding to include physical medicine as part of a comprehensive musculoskeletal solution. We can now offer physical medicine as a stand-alone solution, or as part of our comprehensive Musculoskeletal Program,” Blasi states in a media release from Magellan Health.
According to the release, NIA Magellan’s expanded capabilities in this area are the result of a planned acquisition of HSM Physical Health Inc (“HSM”), described as a privately held specialty cost containment and utilization management company focused on physical and musculoskeletal health specialties. HSM reportedly has clinical and cost-management programs — including a national provider network, evidence-based clinical guidelines, advanced analytics, and administrative best practices – to provide quality, cost-effective care.
“HSM sees a strong business and cultural fit with NIA Magellan,” says David Olsen, president and CEO of HSM. “This acquisition affords HSM the ability to access NIA Magellan’s deep bench of clinical and analytics expertise and a strong balance sheet to enhance our service capabilities and broaden the portfolio of cost management products available to the marketplace.”
NIA Magellan’s suite of specialty solutions includes comprehensive musculoskeletal management, as well as programs that manage diagnostic imaging services, the evaluation and therapy associated with cardiology services, radiation oncology, obstetrical ultrasound, sleep management and genetic testing.
[Source: NIA Magellan]