{"id":5243,"date":"2013-01-02T17:41:48","date_gmt":"2013-01-02T17:41:48","guid":{"rendered":"http:\/\/cloudnewsdaily.com\/?p=13898"},"modified":"2013-01-02T17:41:48","modified_gmt":"2013-01-02T17:41:48","slug":"trizetto-acquires-cloud-based-claims-workflow-automation-company","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/trizetto-acquires-cloud-based-claims-workflow-automation-company\/","title":{"rendered":"TriZetto Acquires Cloud-based Claims Workflow Automation Company"},"content":{"rendered":"<\/p>\n

TriZetto Corporation<\/a>\u00a0today announced its acquisition of Franklin, Tenn.-based\u00a0Healthcare Productivity Automation (HPA)<\/a>. HPA\u2019s healthcare workflow automation solutions will be integrated with TriZetto\u2019s\u00a0business management services<\/a>\u00a0unit over the coming months. Terms of the transaction, which closed on Dec. 17, were not disclosed.<\/p>\n

HPA solutions employ a highly advanced, cloud-based claims workflow tool, Health Mason\u00ae<\/sup>. 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 \u2013 more than 95 percent first-pass accuracy on a rolling 12-month average across HPA\u2019s book of business.<\/p>\n

\u201cThe acquisition of HPA underscores TriZetto\u2019s 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,\u201d said Harish Mysore, senior vice president of corporate development and strategic alliances at TriZetto. \u201cThis acquisition builds on our commitment to enhance payer-provider collaboration by increasing the quality, accuracy and efficiency of claims processing and payment.\u201d<\/p>\n

\u201cWe\u2019re excited to join TriZetto because its large payer and provider client base allows us to make a bigger impact on healthcare,\u201d said Sal Novin, HPA\u2019s CEO. \u201cIn managing the claims administration function of dozens of health plans, TriZetto will leverage HPA\u2019s technology to bend the cost curve of processing claims and increase administrative efficiencies for both healthcare payers and providers.\u201d<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

TriZetto Corporation\u00a0today announced its acquisition of Franklin, Tenn.-based\u00a0Healthcare Productivity Automation (HPA). HPA\u2019s healthcare workflow automation solutions will be integrated with TriZetto\u2019s\u00a0business management services\u00a0unit 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\u00ae. The Health Mason solution […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60,444,139,1318,82],"tags":[],"class_list":["post-5243","post","type-post","status-publish","format-standard","hentry","category-business-processes","category-health-care","category-ma-activity","category-trizetto","category-workflow"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/5243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=5243"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/5243\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=5243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=5243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=5243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}