CHICAGO, May 18, 2018 (GLOBE NEWSWIRE) — TransUnion (NYSE:TRU) is boosting its healthcare solutions with the purchase of Healthcare Payment Specialists (HPS), a leader in helping healthcare providers optimize Medicare reimbursement.
“TransUnion Healthcare's leading Revenue Protection solutions leverage our extensive information assets and capabilities to help healthcare providers prevent revenue leakage and maximize reimbursements, aiding in their ability to prioritize patient health and well-being,” said Jim Peck, TransUnion's president and chief executive officer. “HPS's solutions are a great addition that will strengthen TransUnion Healthcare, consistent with our growth strategy of extending into attractive markets.”
The acquisition of HPS will add innovative technology that helps healthcare providers identify and recover Medicare reimbursements that they otherwise would not have received. Medicare accounts for 20% of total healthcare expenditures in the U.S., and the market for Medicare reimbursement optimization solutions is growing rapidly.
“HPS's impressive product suite is a great complement to TransUnion Healthcare that strengthens our Revenue Protection solutions,” said Gerry McCarthy, president of TransUnion Healthcare. “Our combined capabilities will provide even greater value to providers and patients by helping to maximize reimbursement and ultimately improve the patient financial experience.”
HPS helps healthcare providers maximize Medicare reimbursement by focusing on payment areas where superior technology and deep domain expertise can drive significant improvements, including:
- Medicare Bad Debt (MBD): Automates the MBD review process …
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