Credit rating firm TransUnion, which includes a health care division selling revenue cycle management software and services to providers and payers, has acquired Financial Healthcare Systems of Denver for an undisclosed price.
Financial Healthcare Systems sells ClearQuote, a Web-based application that combines payer contractual information, historical charges and current patient benefits to estimate patient out-of-pocket responsibility at the point of care. Aligning with Chicago-based TransUnion gives the company resources for continued growth, says Timothy Estes, CEO at FHS.
TransUnion already sells software to verify patient identity and address at registration, determine ability to pay, and match patients with assistance programs or charity care at the time of treatment. The company also owns MedData LLC, a Charlotte, N.C.-based claims clearinghouse.
For health payers, TransUnion offers software to assess contracted physician groups' performance, analyze medical transaction data and improve pay-for-performance reporting. More information is available at transunionhealthcare.com.
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