TREND Health Partners Acquires Advent Health Partners

Combined Company Will Serve More Than 50 Health Plans and Nearly 1,000 Hospitals TREND Health Partners (TREND), a rapidly growing provider of healthcare credit balance management and payment accuracy solutions, announced today that it has acquired Advent Health Partners, Inc. (Advent). This strategic combination solidifies TREND’s position as a leading AI-driven payment accuracy and revenue integrity platform for healthcare payers and providers. Founded in 2010, Advent’s cross-functional team of clinical experts, software developers, and data scientists have collaborated to develop CAVO, its proprietary technology platform. CAVO uses artificial intelligence to streamline the review of medical records in revenue cycle and payment integrity processes such as denials management, utilization management, itemized bill reviews, and DRG reviews. Like TREND, Advent’s solutions aim to improve reimbursement accuracy and reduce administrative costs while fostering collaboration and transparency between payers and providers. The addition of Advent’s complementary solution offering and technology capabilities will enable TREND to deliver even greater value to both payer and provider clients by integrating clinical and non-clinical data and analytics into a single platform. The combined company will serve more than 50 health plans and nearly 1,000 hospitals. “Rarely do you come across two companies with such complementary capabilities and aligned visions as what we found with TRE...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Advent Advent Health Partners Inc. Barnes & Thornburg LLP Health IT Acquisitions Healthcare M&A Holland & Knight LLP Lone View Capital Mark Thienel OM Partners LLC Sarah Armstrong TREND TREND Healt Source Type: blogs