TransUnion has announced an agreement to acquire Rubixis, an innovative healthcare revenue cycle solutions company that helps providers maximize reimbursement from insurance payers. Rubixis brings specialized expertise in the management of denials and underpayments, two significant pain points for healthcare providers.
Rubixis’ denials and underpayments capabilities round out TransUnion Healthcare’s solutions, positioning the company as the leader in post-discharge revenue recovery for healthcare providers seeking to maximize reimbursement and prevent revenue leakage.
The healthcare industry continues to struggle with claims denial write-offs, which have climbed consistently over the past decade. Rubixis helps healthcare providers prevent these losses with the goal of collecting the correct amount due from payers as quickly as possible and at the lowest cost. By offering a robust software platform that leverages analytics and workflow tools as well as accounts receivable outsourcing services, Rubixis helps healthcare providers collect reimbursement effectively and efficiently.
Our Healthcare Revenue ProtectionSM solutions help hospitals prevent revenue leakage by engaging patients early, ensuring that their earned revenue gets paid, and optimizing their collection strategies. The company works with more than 1,800 hospitals and health systems and has protected over $4.4 billion in net revenue and cash to date for its entire client base.
With the acquisition of Rubixis, in addition to the recent purchase of Healthcare Payment Specialists, TransUnion now offers the most comprehensive revenue cycle management solution set in the market – including identity verification, insurance eligibility, patient payment estimation, insurance coverage discovery, Medicare bad debt and DSH (disproportionate share hospital), transfer DRG (diagnosis related groups), denials, underpayments and financial clearance.