Health Systems International Acquires The Reclaim Group, Enhancing Payment Integrity Solutions
October 18, 2013 - INDIANAPOLIS, IN
Health Systems International completed the acquisition of The Reclaim Group (TRG) effective October 15, 2013. The agreement marks the ninth tuck-in acquisition Health Systems International has completed in a five year period, helping to cement the firm's position as one of the nation's fastest growing payment integrity solutions providers. Health Systems International was recently ranked in the Inc. 500 / 5000 fastest growing health care companies list for the third consecutive year and ranked in Modern Healthcare's top 40 growth companies list for the second consecutive year.
Based in Bethesda, Maryland, TRG is a medical post-payment recovery services company that partners with health insurers to identify and eliminate facility claim payment errors and costly rework. Since its inception in 2001, TRG has experienced continuous growth and demand for its services with a mix of regional and national payers.
"As we look to deliver analytics and full service payment integrity solutions to our clients, TRG expands our offering into post-payment," says Scott Mingee, CEO of Health Systems International. "It is a great add on to further reduce waste in the healthcare payment system, and TRG's tailored technology and analytics driven solutions are a perfect match with our business model."
Health Systems International offers customized solutions to healthcare payers that encompass a full suite of analytics, pre-payment, and now post-payment services designed to reduce waste and lower total healthcare costs.
"We are very excited about joining HSI. HSI's impressive core services, technological know-how and pre-payment expertise creates synergy and will allow us to offer a full spectrum of payment effectiveness solutions to our clients," stated Lois R. Hall, President of TRG. "Additionally, this union will provide us with added scalability and enhanced investigative capabilities for our clients."
About Health Systems International
Health Systems International lowers health care costs for clients through payment integrity solutions and analytics. The company serves organizations located throughout the U.S. and internationally. Health Systems International is backed by Great Point Partners, LLC, a leading health care investment firm, and is recognized nationally by Inc. Magazine and Modern Healthcare as a leading high-growth company in health care. Visit us-hsi.com for more information.
G. Scott Mingee
Health Systems Int'l