COCKEYSVILLE, Md.--(BUSINESS WIRE)--TREND Health Partners (“TREND”) announced today that it has acquired PrecisionGx, a rapidly growing provider of next-generation artificial intelligence (“AI”) and machine learning (“ML”) solutions to improve payment accuracy in healthcare. The acquisition further solidifies TREND's position as a leader in credit balance management and payment accuracy solutions for healthcare payers and providers.
PrecisionGx’s team of industry experts and leading data scientists have built a powerful AI and ML-enabled analytics engine, Astria, which automates the review of healthcare claims to identify and prevent inaccurate payments. Astria incorporates decades of experience and billions of data points from live and AI audits to continuously automate and identify new opportunities. This allows PrecisionGx to deliver greater intelligence to its clients at a lower cost. PrecisionGx’s advanced analytics have been proven at scale across a variety of use cases including both pre-pay and post-pay applications.
“We have followed PrecisionGx closely over the last few years and been impressed by the innovation they are bringing to the industry. We believe the improved intelligence and automation that PrecisionGx’s solutions enable will be a powerful complement to TREND’s existing analytics and workflow platform, TRENDConnect, and will help us deliver even more value to our clients. We are very excited to welcome the PrecisionGx team to the TREND organization,” said Sarah Armstrong, CEO of TREND.
“We believe we are on the cusp of a watershed moment in healthcare payment accuracy. With our leading AI capabilities, TREND's platform, and our combined talent and experience, together we are uniquely positioned to drive unprecedented value and results in this space. Ultimately, this partnership will enhance the performance of our clients and reduce costs for the millions of patients who depend on them,” added Kasey Sousa, Founder & CEO of PrecisionGx.
The strategic acquisition of PrecisionGx further strengthens TREND’s existing credit balance and payment accuracy offerings and adds new capabilities including membership integrity and automated intelligence supporting clinical, non-clinical, and pre-pay audit. The combined scale and talent of the two organizations will also help accelerate TREND’s innovation agenda as it seeks to continue driving positive change within the healthcare ecosystem.
About TREND Health Partners – TREND Health Partners is an independent healthcare payment integrity company. Through a suite of technology-enabled credit balance management and payment accuracy solutions, TREND facilitates collaboration between providers and payers for mutual benefit, striving to eliminate waste, reduce costs, and enhance healthcare access. For more information, please visit www.trendhealthpartners.com.
About PrecisionGx – PrecisionGx delivers artificial intelligence technology to health insurers and third-party claims administrators to help automate and improve payment and membership integrity processes. PrecisionGx's AI-enabled claims audit technology creates automated claims intelligence that can find more recoveries and be deployed earlier in payment workflows, including in pre-pay and pre-adjudication positions, to prevent overpayments before they happen.
