ITASCA -- Discovery Health Partners, a provider of cloud-based software to improve health care payer systems, announced Thursday it will acquire HealthMind LLC for an undisclosed sum.
The acquisition brings in HealthMind's secondary code edit, provider audit and data mining capabilities to Discovery's portfolio of payment and revenue solutions. It also gives the company possession of Rethink, an integrated software platform that supports multiple payment accuracy programs on both a pre- and post-pay basis. The Rethink platform enables editing, clinical auditing, and data mining solutions to talk and share data, increasing efficiencies, productivity, and results for health plans, according to the company.
"We're excited about combining our payment integrity solutions and advanced analytics with HealthMind's robust technology platform," said Discovery Health Partners CEO Jason Brown. "We now can offer a market-leading payment integrity suite of solutions that focuses on prepay cost avoidance, improves provider relations, and generates superior recoveries,"
HealthMind CEO Gary Twigg added Discovery's reputation and products "complement what the HealthMind team has built and will allow Discovery to exponentially expand services and financial outcomes for customers."