Targeting a $150-billion-a-year chink in the nation’s healthcare armor, Ingenix is shoring up its payment accuracy technology with the acquisition of AIM Healthcare Services, Inc.
The all-cash transaction, which became effective June 1, gives the Eden Prairie, Minn.-based company access to AIM’s INTELLIJET universal connectivity platform, AIM, based in Franklin, Tenn., uses that platform to offer claims management services for government and cvommercial payers of healthcare benefits and healthcare providers throughout the country.
The AIM platform is expected to boost Ingenix’s coordination of benefits capabilities, especially for federal and state government payers.
“AIM is the premier company for improving payment accuracy between healthcare payers and providers,” said Andy Slavitt, Ingenix’s chief executive officer. “AIM has unmatched capabilities for simplifying the administration of healthcare so that hospitals and health plans can operate more efficiently and focus on patient care, Everyone – including most importantly, the patient-consumer – wins. Together, Ingenix and AIM will focus on making administrative and payment processes simple, standard and intelligent for the entire healthcare system.”
According to a recent study by The Lewin Group, claims inefficiencies in the healthcare system cost the nation more than $150 billion a year.
Ingenix, a wholly owned subsidiary of UnitedHealth Group, will combine AIM’s technology with its own to present a single claims accuracy platform for health plans and hospitals, the goal being to provide them with one place to identify and reconcile payment inaccuracies from multiple sources.
“We look forward to joining Ingenix, one of the largest and fastest-growing healthcare information companies in the nation,” said James Sohr, president of AIM Healthcare Services. “AIM and Ingenix share a commitment to reducing costs and simplifying the healthcare system.”
Terms of the deal were not announced. In the transaction, Ingenix also acquires AIM’s affiliated companies, Netwerkes and Ingram and Associates.
