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.
#ESCAN TRANSUNION SERIES#
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, 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. To learn more about eScan and TransUnion Healthcare's suite of solutions, visit. 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. "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. For every $100 in healthcare costs, consumers had $1,350 in revolving credit available to potentially make those payments. 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.Īccording to TransUnion's latest Healthcare Report, consumers' ability to pay for medical procedures declined more than 11% during 2014. "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."īlack 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. "In today's healthcare environment, hospitals and healthcare providers need to be efficiently reimbursed for the care they provide to patients," said Gerry McCarthy, president of TransUnion Healthcare. 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.ĮScan 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. Terms of the deal were not disclosed.CHICAGO, IL -(Marketwired - October 22, 2015) - TransUnion Healthcare ( TRU) announced today that its eScan solution has been rated the highest performing vendor in collections outsourcing and accounts receivables debt by Black Book. The combined product and service offerings of TransUnion Healthcare and eScan will provide greater assurances to both patients and healthcare providers that the most accurate data and coverage is available to help alleviate growing uncompensated care costs. This acquisition enables TransUnion Healthcare to extend its solutions for managing uncompensated care from pre-screening through post-service and doubles the number of hospitals that deploy a TransUnion Healthcare reimbursement solution. TransUnion will integrate eScan into its healthcare business segment, which provides data and analytics at the point of need and offers a series of data solutions designed to provide greater ease of use, accuracy and transparency in the revenue cycle process. Loeb & Loeb LLP represented TransUnion, a global leader in information and risk management, in the acquisition of eScan Data Systems Inc., a developer and operator of market-leading technology that helps hospitals and healthcare systems reduce uncompensated care costs by identifying patient insurance coverage after services are provided.