What You Should Know: - The number of financial assistance transactions processed by TransUnion Healthcare increased 55% between September 2020 and September 2021, according to a new analysis from TransUnion Healthcare released at the HFMA Annual Conference indicates hospitals are more proactively working with patients to understand their financial needs and provide appropriate options. - The data reflect millions of financial assistance transactions, from more than 1,000 hospitals and
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TransUnion Explores Sale of TransUnion Healthcare, Sources Say
What You Should Know: - Credit reporting agency TransUnion is currently evaluating the sale of its revenue cycle management subsidiary, TransUnion Healthcare, PE Hub first reports. - Sources report TransUnion Healthcare at an initial valuation of $1.9B to $2.2B with approximately $100M of earnings before interest, taxes, depreciation, and amortization (EBITDA). - TransUnion Healthcare makes mutual trust possible between patients, providers, and payers by helping them navigate payment
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The COVID-19 Data Challenges Facing Payers
Both payers and providers can benefit from the same or similar high-quality data and can work together to provide the best possible services to patients with COVID-19 while avoiding overloading the healthcare system. The key is to use combined payer, clinical, and social data plus technology such as telehealth and artificial intelligence (AI). Payer Perspective on COVID-19 The overriding concern for payers during the COVID-19 crisis is the need to support member health. During an
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New Tech Solution Lets People Securely Share COVID-19 Testing Results
What You Should Know: - TransUnion, in partnership with CLX Health, a joint venture from UST Global and SiriusIQ, announced the launch of HealthyAmerica, a technology solution that will give individuals the power to securely share their COVID-19 testing results while maintaining their individual privacy – helping businesses and schools across the country to minimize risk and reopen with greater confidence. - Businesses and schools seeking to welcome back
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TransUnion, VisitPay to Provide End-to-End Patient Payment Experience
- TransUnion and VisitPay announce a partnership that aims to improve the patient experience while maximizing revenue for healthcare providers. - Together, TransUnion Healthcare and VisitPay will improve the patient's financial journey by providing an end-to-end patient payment experience, linking estimation with back-end billing and creating a data-driven feedback loop for providers. TransUnion announced a partnership with VisitPay, an online patient financial engagement, and revenue
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TransUnion Acquires RTech for $62M to Strengthen Revenue Cycle Offerings
This week, TransUnion announced it has acquired RTech (Healthcare Revenue Technologies, Inc), a technology-driven healthcare services company helping healthcare providers uncover hard-to-find, billable revenue and implement long-term improvements that generate future value.Under terms of the acquisition, TransUnion has agreed to pay $62 million consisting of approximately $51.9 million paid at closing and up to an additional $6.2 million, deposited in escrow at closing, upon satisfaction of
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