Experian Acquires Passport Health Communications for $850 Million | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Experian Acquires Passport Health Communications for $850 Million

November 6, 2013
by Gabriel Perna
| Reprints

Experian, a Dublin-based information services company, has acquired the Franklin, Tenn.-based revenue cycle management company, Passport Health Communications for $850 million.

In a press release, Experian announced that this move is a follow-up to its 2008 buy of Search America and its 2011 acquisition of Medical Present Value. Experian merged the two businesses to create Experian Healthcare, which ranked 74th in the Healthcare Informatics 100 in 2013, and will generate revenue of $75 million in the year ending March 31, 2014.

"Since entering the US healthcare payments market five years ago, we have steadily expanded our position through both organic investment and acquisition, and our business is growing strongly. We are now taking the next step and the acquisition of Passport Health will make us a clear leader in this high growth and attractive market,” Don Robert, CEO of Experian, said in a statement.

Robert added that Passport brings on new sources of data and bring scale to Experian's healthcare business, while expanding the number of hospitals it reaches from 500 to nearly 3,000, representing approximately 45 percent of hospitals in the US. Passport brings on capabilities in billings cycle information technology, including patient engagement, scheduling, claims processing, payment processing, and patient follow-up.

In addition, Experian says, the number of healthcare payment records it holds will also increase dramatically, rising from approximately one billion to four billion records, “providing the potential for development of new analytical tools.”

Passport was ranked 66th on the Healthcare Informatics 100 in 2013.

 

Get the latest information on Finance and Revenues and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

NewYork-Presbyterian, Walgreens Partner on Telemedicine Initiative

NewYork-Presbyterian and Walgreens are collaborating to bring expanded access to NewYork-Presbyterian’s healthcare through new telemedicine services, the two organizations announced this week.

ONC Releases Patient Demographic Data Quality Framework

The Office of the National Coordinator for Health IT (ONC) developed a framework to help health systems, large practices, health information exchanges and payers to improve their patient demographic data quality.

AMIA, Pew Urge Congress to Ensure ONC has Funding to Implement Cures Provisions

The Pew Charitable Trusts and the American Medical Informatics Association (AMIA) have sent a letter to congressional appropriators urging them to ensure that ONC has adequate funding to implement certain 21st Century Cures Act provisions.

Former Michigan Governor to Serve as Chair of DRIVE Health

Former Michigan Governor John Engler will serve as chair of the DRIVE Health Initiative, a campaign aimed at accelerating the U.S. health system's transition to value-based care.

NJ Medical Group Launches Statewide HIE, OneHealth New Jersey

The Medical Society of New Jersey (MSNJ) recently launched OneHealth New Jersey, a statewide health information exchange (HIE) that is now live.

Survey: 70% of Providers Using Off-Premises Computing for Some Applications

A survey conducted by KLAS Research found that 70 percent of healthcare organizations have moved at least some applications or IT infrastructure off-premises.