|[January 02, 2013]
TriZetto Acquires Claims Workflow Automation Company to Further Enhance Efficiency of Healthcare Payers and Providers
DENVER --(Business Wire)--
Corporation today announced its acquisition of Franklin, Tenn.-based Healthcare
Productivity Automation (HPA). HPA's healthcare workflow automation
solutions will be integrated with TriZetto's (News - Alert) business
management services unit over the coming months. Terms of the
transaction, which closed on Dec. 17, were not disclosed.
HPA solutions employ a highly advanced, cloud-based claims workflow
tool, Health Mason®. The Health Mason solution automates
certain manual processes in claims administration, which can greatly
improve the efficiency and quality of the provider reimbursement
process. The tool replicates human decision-making to review large
volumes of claims, enter data and determine the best way to process
claims. Processing can be up to 30 times faster than typical manual
processes, with high reliability - more than 95 percent first-pass
accuracy on a rolling 12-month average across HPA's book of business.
"The acquisition of HPA underscores TriZetto's continuing investment
strategy to provide innovative, integrated technology and service
solutions that simplify healthcare and improve both its efficiency and
effectiveness for payers, providers and members," said Harish Mysore,
senior vice president of corporate development and strategic alliances
at TriZetto. "This acquisition builds on our commitment to enhance
payer-provider collaboration by increasing the quality, accuracy and
efficiency of claims processing and payment."
"We're excited to join TriZetto because its large payer and provider
client base allows us to make a bigger impact on healthcare," said Sal
Novin, HPA's CEO. "In mnaging the claims administration function of
dozens of health plans, TriZetto will leverage HPA's technology to bend
the cost curve of processing claims and increase administrative
efficiencies for both healthcare payers and providers."
TriZetto acquires workflow #automation company @HPAPro to improve claims
processing #efficiency for #payers and #providers.
TriZetto provides world-class information technology and service
solutions that help payers and providers work more efficiently and collaborate
to deliver better health. TriZetto solutions touch over half the U.S.
insured population and reach more than 200,000 care providers. TriZetto
helps healthcare organizations enhance
administrative efficiency; improve
the cost, quality and delivery of care; address
compliance; and compete to win in an emerging retail market. Payer
solutions include benefits
management and portal platforms, as well as consulting,
management and business
management services. Provider solutions include real-time
eligibility assurance, claims editing, revenue
cycle management technology and services that help providers get
paid quickly and accurately. For more information, visit www.trizetto.com.
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