Experian Health Acquires Wave HDC, Immediately Enabling Real-Time, Single Inquiry Insurance Discovery/Verification at the Point of Patient Registration

The Companies’ Combined Capabilities will Deliver Previously Unattainable Efficiencies, Contributing to Increased Staff Productivity and much Faster Collection of Millions in Payer Reimbursements Experian, the global information services company, announces it has acquired Wave HDC, a healthcare technology leader that offers AI-enhanced data curation solutions to identify unknown insurance benefits coverage and critical patient demographics at the start of a patient’s healthcare journey. The acquisition bolsters the Experian Health business portfolio with more comprehensive and faster healthcare coverage identification and automation capabilities. Wave HDC offers several insurance “curators” including Coordination of Benefits, Eligibility, and Medicare Beneficiary Identifiers, and serves hospitals, laboratories, billing companies, and physician groups. The acquisition will enhance Experian Health’s leading patient access products to offer an advanced solution that captures all important registration data in real-time from the start, as the patient checks in for an appointment. No longer will data need to be chased and updated post-registration. A single inquiry can search for all the essential insurance and patient demographics instantly, avoiding costly rework and delayed reimbursements. “Our mission is to simplify healthcare, and this move allows us to quickly scale our portfolio with advanced logic and AI-powered technology to help solve one of the biggest adm...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Experian Experian Health Health IT Acquisitions Healthcare M&A Jordan Levitt Tom Cox Wave HDC Source Type: blogs