TransUnion has agreed to purchase Healthcare Payment Specialists, a healthcare advisory service focused on Medicare reimbursement.
Here are five things to know.
1. HPS addresses various specific Medicare reimbursement issues, including Medicare bad debt and Medicare Disproportionate Share Hospital payment.
2. By acquiring HPS, TransUnion—which works with more than 1,500 hospitals and health systems—aims to add services to help providers maximize reimbursements, among other goals, according to a news release.
3. Jim Peck, TransUnion's president and CEO, said: "HPS' solutions are a great addition that will strengthen TransUnion Healthcare, consistent with our growth strategy of extending into attractive markets."
4. Officials expect the acquisition to close in the second quarter of 2018, pending regulatory approval.
5. TransUnion also has agreed to acquire iovation, a provider of fraud prevention software and multifactor authentication services.
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