Published on September 2, 2010 at 6:40 AM
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that it has acquired Healthcare Data Management, Inc. Effective immediately, the company will become part of the Healthcare & Science business of Thomson Reuters. Financial terms of the transaction were not disclosed.
The acquisition of Healthcare Data Management will enhance current efforts to remove healthcare waste, make cost and quality more transparent, and support the current and future compliance needs of the payer market. Additionally, the acquisition strengthens Thomson Reuters audit and payment integrity capabilities including, but not limited to medical, prescription drug, provider, eligibility, and plan design.
"Healthcare Data Management brings unmatched expertise in health benefits auditing and expense management reporting solutions," said Jon Newpol, executive vice president at the Healthcare & Science business of Thomson Reuters. "Together, we're poised to meet the increased demand for auditing and compliance due to the Sarbanes-Oxley Act, the healthcare reform law, and an overall focus on eliminating waste from the healthcare system.
"Healthcare Data Management's primary solutions, BenefitsAudit and BenefitsWatch, will play a key role in expanding our current solutions for employer and government markets," Newpol said. "As a result, our new Audit & Compliance offering will support both retrospective and ongoing assessments of claims data."
SOURCE Thomson Reuters