Zelis Completes Deal That Expands Services

Healthcare funds and pricing firm Zelis has accomplished its acquisition of Payer Compass, which gives reimbursement and claims pricing, administration and processing options for healthcare corporations, a press release mentioned.

This will let Zelis develop its options for out-of-network healthcare companies for shoppers.

“We’re thrilled to complete the acquisition of Payer Compass and join our organizations,” mentioned Amanda Eisel, CEO of Zelis. “Zelis is on a mission to create a better healthcare financial experience for all, and the powerful combination of our technology and teams advances us in achieving that aim.”

And Greg Everett, Payer Compass CEO, mentioned the corporate was “excited to join Zelis and expand our reach and service to healthcare payers and their members.”

“This is an opportunity to increase price rationality in healthcare.”

PYMNTS wrote beforehand in regards to the Zelis acquisition, which was “designed to streamline the claims management process,” a press launch mentioned.

Read extra: Zelis to Buy Healthcare Reimbursement Platform Payer Compass for Streamlined Claims Management

Zelis and Payer Compass plan to leverage superior tech and “best-of-breed approaches” to make pricing options that may work with rising healthcare prices for shoppers.

“Through our combined assets, we’ll have the people, technology and shared energy to generate more savings for our clients and continue to positively impact healthcare’s rising costs and complexity,” Eisel mentioned on the time.

It additionally got here after Zelis additionally acquired Sapphire Digital, a platform for supplier choice, affected person entry, value transparency and digital shopper navigation for healthcare. That acquisition’s objective was to supply methods for purchasers to “harmonize the complete healthcare payment process by pricing, paying and explaining healthcare,” Eisel mentioned on the time.

The Sapphire purchase was touted as a approach to assist Zelis streamline its enterprise, integrating funds and communication with Sapphire’s shopper navigation instruments.

Zelis additionally merged its fee techniques with RedCard Systems’ in 2019, which was in a position to assist create a healthcare optimization platform.

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