Misys Buys Health Insurance Claims Processor Payerpath
With the acquisition, the health care and banking software company gains online insurance claims processing expertise.Misys Healthcare Systems, one of the largest companies specializing in health care IT, recently announced that it would acquire Payerpath, a private company that provides Web-based solutions for processing health insurance claims. Misys Healthcare Systems is one of a group of companies comprising Misys plc., a software company focused on both the banking and health care industries.
Payerpath handles about 50 million online health insurance claims transactions a year; a figure it claims is more than any other single company in the United States. Misys itself currently processes more than 420 million electronic transactions a year. The acquisition is intended to combine the capabilities of these electronic processing providers, thereby expanding the product line and enabling further innovation.