UnitedHealth Group Inc., a Minnetonka, Minnesota-based for-profit healthcare company offering healthcare products and insurance services, as per recent reports last week, has announced its decision to acquire Equian, an Indianapolis, Indiana-based technology innovator offering data-driven customized solutions to ensure payment integrity across healthcare, property, and casualty industries. The Minnetonka-based UnitedHealth will be paying Equian’s private-equity owner New Mountain Capital, a New York, NY-based private and public equity and credit capital company, roughly $3.2 billion in estimates.
The Indianapolis-based Equian is a renowned payment integrity solutions provider through proprietary content, enabling technology, and highly responsive customer service. The company, analyzing over $500 billion in healthcare and insurance data, ensures fair, accurate, and correct payments, resulting in over $2.5 billion annual actionable savings for clients. Equian’s payment integrity value chain comprises of pre- and post-payment solutions that come compatible with the Equian core technology platforms – AuditPoint© & Troveris© – that are apt at detecting and addressing the gaps to ensure optimal payment performance.
Speculative reports suggest that Equian will very likely be merged with the Optum unit of the UnitedHealth Group.