TriZetto Completes Acquisition of Healthcare Productivity Automation
With this acquisition, HPA's healthcare workflow automation solutions will integrate with TriZetto's business management services unit over the coming months.
By leveraging HPA’s technology, TriZetto will be able to bend the cost curve of processing claims and increase administrative efficiencies for both healthcare payers and providers.
In a statement, Harish Mysore, senior vice president of corporate development and strategic alliances at TriZetto, said, "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."
"This acquisition builds on our commitment to enhance payer-provider collaboration by increasing the quality, accuracy and efficiency of claims processing and payment," Mysore added.
HPA solutions use Health Mason, a highly advanced, cloud-based claims workflow tool, which automates certain manual processes in claims administration and can greatly improve the efficiency and quality of the provider reimbursement process.
The tool duplicates human decision-making to review large volumes of claims, enter data and determine the best way to process information. Processing can be up to 30 times faster than typical manual operations.
"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 related TMC (News - Alert) news, TriZetto recently hired Jeffrey Rose as chief medical information officer for its physician markets business unit – a new position that will help TriZetto serve its provider client base and support the company's payer-provider connectivity solutions.
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Edited by Braden Becker