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The TriZetto Group Inc.
07/18/2012 | Press release
TriZetto Subsidiary Gateway EDI Acquires ClaimLogic, Expanding Into the Hospital Market and Growing Its Large-Practice Client Base
distributed by noodls on 07/17/2012 18:26
DENVER, Colo. - July 18, 2012
The TriZetto Group,
Inc., today announced that its wholly
owned subsidiary, Gateway EDI, has
acquired ClaimLogic, a medical
claims and payment processing company that has served
healthcare organizations such as Emory Healthcare and
University of Virginia Physician's Group for more than a
decade. The acquisition broadens TriZetto's combined
healthcare providerand
payerclient
base to include hospitals and additional large medical
practices. TriZetto now provides
revenue cycle managementand
EDI solutionsto more than 180,000 care
providers.
"Uniting the expertise and tools of Gateway EDI and ClaimLogic will allow us to offer new solutions to our combined provider customers," said Charlotte Martin, president and COO of Gateway EDI. "We are eager to blend our resources to serve as an even stronger partner for our clients."
Gateway EDI's parent company TriZetto provides world-class information technology and service solutions that help providers and payers work more efficiently and collaboratively to deliver better health.
"The acquisition enables TriZetto to support greater provider-payer collaborationin the hospital-system market, including academic medical centers," said Trace Devanny, chairman and CEO of TriZetto. "Improving access to information between the providers and hospitals who deliver care and the health plans that pay for the care will enhance work flow processes and help reduce costs."
"Like Gateway EDI, ClaimLogic has always taken pride in putting customers first," said J.P. Davis, COO and co-founder of ClaimLogic. "The combination of our solutions will allow our clients more customization and flexibility to improve their work flow management objectives while improving their top and bottom lines."
TriZetto and Gateway EDI also recently acquired NHXS, a company that helps practices manage reimbursement and minimize the administrative cost of recovering lost revenues.
"By combining the capabilities of TriZetto, Gateway EDI, NHXS and ClaimLogic, we've created a powerful portfolio of tools, including additional payment-analytic capabilities,that can bring significant efficiencies to the complex claims reimbursement process and greatly enhance care delivery," said Devanny.
ClaimLogic's current leadership team will continue to run the organization's day-to-day operations.
About ClaimLogic
ClaimLogic is an industry leader in integrated
revenue cycle management solutions and electronic
transaction processing systems and tools for healthcare.
For more than a decade, ClaimLogic has served the needs of
many of the largest healthcare organizations in the U.S.,
including both hospitals and physicians.ClaimLogic's
customer-services culture ranks among the highest in
client retention rates in the healthcare IT segment.
About Gateway EDI
More than 180,000 providers trust Gateway EDI's advanced claims management tools and proactive team members to simplify the complex revenue management process. The company helps medical practices maximize revenue by securingaccurate reimbursements,decreasing claims rejections and improving payment turnaround times. Gateway EDI's services include electronic claims processing, real-time verification of a patient's insurance eligibility, point-and-click access to identify and recover missing revenue, automated secondary claims, and electronic remittance adviceand tools that ease patient payment collection. For more information on Gateway EDI, visit www.gatewayedi.com .
About TriZetto
TriZetto provides world-class information technology and service solutions that help payers and providers work more efficiently and collaborateto deliver better health. TriZetto's solutions touch over half the U.S. insured population and reach more than 180,000 care providers. TriZetto helps healthcare organizations address compliance; enhance administrative efficiency; improve the cost, quality and delivery of care; and compete to win in an emerging retail market. Payer solutions include benefits administration, care management, network managementand portal platforms, as well as consulting, application managementand business management services. Provider solutions include real-time eligibility assurance and claims editing, and revenue cycle management technology and servicesthat help providers get paid quickly and accurately. For more information, visit www.trizetto.com .
Media Contacts:
Davida Dinerman/Nicole Solera for TriZetto
Schwartz MSL Boston
781-684-0770
Beth Minnigerode for Gateway EDI
Standing Partnership
314-469-3500
Loren Finkelstein
The TriZetto Group
303-542-2460
