TransUnion Healthcare Named Top Healthcare Financial Solution by Black Book™
TransUnion (NYSE:TRU) Healthcare announced today that its eScan solution has been rated the highest performing vendor in collections outsourcing and accounts receivables debt by Black Book. eScan, TransUnion’s coverage discovery solution, is a post-service eligibility system designed to maximize reimbursements and reduce uncompensated care costs for a hospital or health system.
eScan leverages patented data mining technology with hundreds of query permutations to deliver a series of automated, customizable reports that identify billable coverage for accounts that are not, and in some cases, cannot be captured on the front-end.
“In today’s healthcare environment, hospitals and healthcare providers need to be efficiently reimbursed for the care they provide to patients. The Black Book award for our eScan solution is an important validation of our work and demonstrates the value of the solutions we are offering to leading healthcare providers.”
Black Book surveyed 1,191 hospital chief financial officers, vice presidents of finance, controllers and directors to determine the rankings of its 2015 healthcare financial solutions list. The survey is the largest user poll of its kind in healthcare IT, and TransUnion Healthcare earned top honors for customer satisfaction and other performance indicators.
According to TransUnion’s latest Healthcare Report, consumers’ ability to pay for medical procedures declined more than 11% during 2014. For every $100 in healthcare costs, consumers had $1,350 in revolving credit available to potentially make those payments. “Healthcare providers and hospitals are faced with a challenging environment, where consumers feel an increased financial burden and it’s become harder to recover these lost dollars,” said McCarthy.
TransUnion’s products have helped more than 1,000 hospitals and thousands of physician partners identify over $5 billion in coverage for otherwise uncompensated care. To learn more about eScan and TransUnion Healthcare’s suite of solutions, visit http://healthcare.transunion.com/.
About TransUnion HealthcareTransUnion Healthcare, a wholly owned subsidiary of credit and information management company TransUnion, empowers providers with Intelligence in an Instant® by providing data and analytics at the point of need. TransUnion offers a series of data solutions designed to provide greater ease of use, accuracy and transparency in the revenue cycle process thereby assisting providers in lowering their uncompensated care. TransUnion Healthcare was recently rated the highest performing vendor by the KLAS 2014 Patient Access Report for its patient payment estimation and propensity to pay solutions. www.transunionhealthcare.com
About TransUnion (NYSE:TRU)
Information is a powerful thing. At TransUnion, we realize that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion has a global presence in more than 30 countries and a leading presence in several international markets across North America, Africa, Latin America and Asia. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide.
We call this Information for GoodSM. http://www.transunion.com/business