Discovery Health Partners, a payment processing and revenue integrity solutions provider to the health system, has reportedly acquired HealthMind, LLC that provides a robust and fully integrated suite of services. With this acquisition of HealthMind, Discovery Health partners will get secondary code edit, provider audit, and data mining capabilities that will add to its leading portfolio of payment and revenue integrity solutions. Moreover, the acquisition brings an integrated software platform ReThink, which supports multiple payment precision programs on both a pre- and post-pay basis.
Formerly known as Datametrix, HealthMind is specializing in offering pre- and post-payment services that guarantee correct payment for both contracted and non-contracted providers using a continuous-looped platform with Dynamic Discovery. As part of the announcement, the ReThink platform, unlike most vendors’ siloed platforms, allows editing, clinical auditing, and data mining solutions to talk and share data, increasing efficiencies, productivity, and outcomes for health plans. Based Itasca, IL, Discovery Health’s newly expanded suite of payment and revenue integrity solutions has been aimed at lessening health plans’ exposure and boost payment precision by assessing claims before and after they’re paid.
Ahead of this take, Discovery Health Partners CEO Jason Brown stated that “We’re excited about combining our payment integrity solutions and advanced analytics with HealthMind’s robust technology platform. We now can offer a market-leading payment integrity suite of solutions that focuses on pre-pay cost avoidance, improves provider relations, and generates superior recoveries.” According to him, “Discovery has developed strong relationships with our clients based on the value we’ve delivered over the years, and we’re excited to produce even stronger results for our customers going forward with our newly expanded solution portfolio.”