Company seeks to accelerate their growth in healthcare cost containment solutions

ARNOLD, MD, June 24, 2020 /24-7PressRelease/ — Innovative Healthware Services, DBA ClaimsBridge,
(, a leading healthcare technology company providing solutions that help control medical claim costs, announced that Michael Tosti has been hired to the position of Executive Vice President of Sales and Marketing. In this role, Tosti will be responsible for driving the growth of IHS’s ClaimsBridge suite of IT solutions geared toward providers, third-party administrators, self-funded employers and other healthcare clients.

President and Founder of Innovative Healthware Services, Robert Schmidt, said, “Mike’s successful background in building and growing healthcare cost containment solutions will serve the dynamic needs of our customers and future partners. We continue to be an innovative service provider in the field of healthcare cost containment solutions for our clients and believe Mike’s strong entrepreneurial approach will accelerate the success in our custom network building, unified pre-adjudication claims processing infrastructure and industry leading claim pricing solutions.”

Tosti, previously employed as Vice President of Sales – New Markets for ELAP Services, was responsible for promoting reference-based pricing and network solutions. Tasked with expanding the company’s sales efforts to health plans and administrators, Tosti led the company in total sales in 2019. Additionally, Tosti founded and managed a healthcare consulting firm, focused on business acceleration for early and emerging companies in various cost containment verticals.

Tosti said, “In my past business dealings, I have entrusted the team at ClaimsBridge to manage various IT solutions and workflows for our mutual customers. Their flexibility, customization and speed-to-market is bestin-class. From ClaimBridge’s custom network solutions and direct contracting platform, end-to-end claims infrastructure and pricing solutions, it’s no surprise why they boast the accolades and number of partners they do. I am very excited to join the team and help propel continued growth.”

About Innovative Healthware Services
Innovative Healthware Services (dba ClaimsBridge) is a healthcare technology company providing custom and high performing networks, Medicare pricing solutions (ClaimsBridge Direct) and unified end-to-end preadjudication infrastructure for the receipt, routing and pricing of medical claims (ClaimsBridge Connect). ClaimsBridge is directly connected to over 120 partners serving self-funded and fully insured employers through their broker and benefit consultants, stop-loss carriers, third-party administrators, healthcare networks and strategic vendor partners. For more information about ClaimsBridge service offerings visit or call 410.349.3222.

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