HMS Buys Accent
HMS buys Accent.
HMS Holdings buys Accent from Intrado for $155 million.
Intrado is controlled by affiliates of funds managed by Apollo Global Management.
Accent provides healthcare payment integrity to insurance companies and large self-funded organizations. Its offerings include thorough prospective and retrospective claims accuracy, which incorporate both cost avoidance and overpayment recovery services. Its capabilities and client base are complementary to HMS, providing market expansion and growth opportunities. Accent’s healthcare payer clients include large commercial health plans, Blue Cross and Blue Shield plans, provider-sponsored health plans, Medicare Advantage plans, third-party administrators, and self-insured employer groups.
Bill Lucia of HMS said: ‘HMS and Accent are an outstanding strategic fit, and this combination offers many benefits for our clients and stakeholders. Our collective strengths will provide expanded payment accuracy capabilities across the healthcare payer landscape, and advance cost containment opportunities in the industry. The addition of Accent’s capabilities will open up a new coordination of benefits market for HMS with commercial payers and extends our push into the Medicare COB market. Accent’s ideation expertise will also expand our range of edit and audit solutions and enhance our skills across all our COB and Payment Integrity solutions.’
John Shlonsky of Intrado said: ‘After a further strategic review, we have decided to sell the Accent business to allow greater focus on our core cloud businesses. HMS’s focus on healthcare technology aligns closely with Accent and the combination of the businesses should enable Accent to reach its full potential. We are excited for the Accent business and team of professionals to be able to expand their capabilities within the world-class HMS organization going forward.’
HMS Holdings buys Accent from Intrado for $155 million.
Intrado is controlled by affiliates of funds managed by Apollo Global Management.
Accent provides healthcare payment integrity to insurance companies and large self-funded organizations. Its offerings include thorough prospective and retrospective claims accuracy, which incorporate both cost avoidance and overpayment recovery services. Its capabilities and client base are complementary to HMS, providing market expansion and growth opportunities. Accent’s healthcare payer clients include large commercial health plans, Blue Cross and Blue Shield plans, provider-sponsored health plans, Medicare Advantage plans, third-party administrators, and self-insured employer groups.
Bill Lucia of HMS said: ‘HMS and Accent are an outstanding strategic fit, and this combination offers many benefits for our clients and stakeholders. Our collective strengths will provide expanded payment accuracy capabilities across the healthcare payer landscape, and advance cost containment opportunities in the industry. The addition of Accent’s capabilities will open up a new coordination of benefits market for HMS with commercial payers and extends our push into the Medicare COB market. Accent’s ideation expertise will also expand our range of edit and audit solutions and enhance our skills across all our COB and Payment Integrity solutions.’
John Shlonsky of Intrado said: ‘After a further strategic review, we have decided to sell the Accent business to allow greater focus on our core cloud businesses. HMS’s focus on healthcare technology aligns closely with Accent and the combination of the businesses should enable Accent to reach its full potential. We are excited for the Accent business and team of professionals to be able to expand their capabilities within the world-class HMS organization going forward.’
Comments
Post a Comment