Experian Healthcare expands its industry-leading revenue cycle management position with acquisition of Passport Health
Austin, Texas, Nov. 21, 2013 — Experian Healthcare today announced completion of the acquisition of Passport Health, which brings together complementary capabilities across the entire healthcare revenue cycle and positions the organization as a market leader in healthcare information technology.
The addition of Passport Health’s physician orders, scheduling, patient access, patient engagement, population health management and claims management services will enable Experian Healthcare to offer its clients a single source for helping them to increase revenues, decrease risk and drive improved operational efficiencies.
“We are excited about the many opportunities created by the acquisition and are looking forward to continuing to help healthcare organizations tackle their most complex challenges in an ever-changing environment,” said Dan Buell, general manager of Experian Healthcare. “Bringing together Experian and Passport Health’s proven revenue cycle expertise, market-leading products and analytics capabilities enables us to meet the revenue cycle needs of hospitals and physician practices now and into the future.”
Experian Healthcare and Passport Health’s products and services will be combined to create an end-to-end revenue cycle management platform for healthcare providers. The united platform will give providers a robust set of tools to verify a patient’s identity and eligibility; manage payer contracts, improve payments and collections; and assist claims submission and tracking. Additionally, the integration will enable Experian Healthcare to facilitate new and powerful analytics that will reduce risk and improve profitability.
“Passport Health is pleased to join the Experian organization and remains dedicated to delivering high-quality solutions that empower healthcare providers to manage patient access and ensure payment certainty,” said Scott MacKenzie, CEO of Passport Health. “By combining the capabilities of both of our companies, we further our shared commitment to assist healthcare organizations better serve patients while remaining financially stable.”
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About Experian Healthcare
As a result of this acquisition, Experian Healthcare is the leader in providing advanced revenue cycle management products and consultative services powered by data and analytics to health systems, hospitals, medical groups and specialty organizations, helping them to optimize payment processes, reduce bad debt and make more informed business decisions. With clients at more than 3,400 hospitals and more than 9,000 other healthcare providers nationwide, Experian Healthcare delivers financial insight that allows healthcare organizations to better understand their financial performance, drive operating margin improvement, mitigate risk and protect revenue streams. Its suite of patient access, claims and contract management, and collections products and consultative services gives healthcare organizations greater visibility into critical revenue cycle management processes and meets the industry’s growing need for a single integrated source of financial data and analytics that can adapt to current and future payment models. For more information on Experian Healthcare and its suite of products, visit www.experianhealthcare.com.
Experian® is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2013, was US$4.7 billion. Experian employs approximately 17,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
For more information, visit www.experianplc.com.
Experian and the Experian marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.