ZirMed Acquires TransEngen's Solutions
April 14, 2014
ZirMed, a health information connectivity and management solutions company, recently completed the acquisition of a payment processing, patient eligibility and patient estimation business solutions owned by TransEngen Inc., a company located in Shelton, Conn. The solutions acquired by ZirMed feature practice management systems, expanded HIPAA- and PCI (News - Alert)-compliant patient online bill pay capabilities, and a unique patient responsibility calculator.
"The acquisition of these solutions complements and expands upon our comprehensive revenue cycle management platform, beginning at pre-visit with mobile patient engagement, and ending with reconciliation of patient and payer payment," said Tom Butts, chairman and CEO at ZirMed.
"Healthcare is changing rapidly, with increasing patient financial responsibility and changing payment models, driving the need for more flexible software solutions to manage revenue cycle performance. The acquisition of these TransEngen solutions immediately strengthens our ability to deliver a more robust solution to our clients, and will support our – and our clients' – continued growth."
ZirMed offers health information connectivity and management solutions to modernize critical connections between providers, patients, and payers to improve the business and process of healthcare. The company’s technology and client support has been recognized with awards from KLAS, Healthcare Informatics, Best of SaaS (News - Alert) Showplace (BoSS), and Black Book Rankings.
Last year, they launched ZirMed Patient Estimation, a web-based solution that enables provider organizations to accurately determine a patient's financial responsibility prior to providing service or care. Patient estimation is a critical best practice that enables provider organizations to get paid faster and more accurately, while reducing days in A/R and ultimately improving cash flow.
Edited by Stefania Viscusi