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CHICAGO, July 30, 2018 (GLOBE NEWSWIRE) -- TransUnion Healthcare (NYSE:TRU) has been awarded a significant health insurance discovery contract by the U.S. Department of Veterans Affairs (VA). TransUnion’s automated eligibility discovery and verification solutions, already in use by the VA’s Consolidated Patient Account Centers (CPACs) which manage the revenue cycle for 170 VA Medical Centers, works to identify potential “first-in-line” insurance coverage for member claims.
“TransUnion is honored to continue our work with the VA and welcome our new services partner, Gi4, an innovative IT provider having demonstrated the experience and skills, to ensure smooth delivery and operation,” said Gerry McCarthy, president of TransUnion Healthcare. “TransUnion Healthcare’s solutions work to improve the lives of veterans, active military members and their families by leveraging TransUnion’s global network of data resources to discover health insurance eligibility for third-party insurance.”
TransUnion Healthcare’s revenue protection solutions leverage market-leading revenue cycle technologies, extensive data assets, and reimbursement methodologies to help prevent revenue leakage by identifying potential first-in-line insurance coverage.
The VA Revenue Operations collected just over $3 billion in revenue during FY17 from third-party insurance billing for non-service connected care delivered or paid by VA to veterans who also carried private third-party insurance. Revenue from third-party billing goes directly back to the medical center which collected it as medical care dollars. This reinvestment of medical care dollars equates to better care for our veterans, active military and their families.
The contract will be executed with the guidance of technology services and integrator Gi4 https://www.gi4.us/, a Service-Disabled Veteran-Owned Small Business (SDVOSB). Gi4 is dedicated to supporting the mission of its Federal Government clients through innovative IT Solutions, Program Management, and Human Capital Management.
For additional information about TransUnion Healthcare’s Government solutions, please click here.
About TransUnion Healthcare
TransUnion Healthcare, a wholly owned subsidiary of credit and information management company TransUnion, is a trusted provider of Revenue ProtectionTM solutions that help providers collect more cash up front and throughout the revenue cycle, and identify and maximize reimbursement opportunities to reduce bad debt. By leveraging our data assets, market-leading revenue cycle management technologies, and deep insights into consumer financial behavior, our customers are better enabled to reduce uncompensated care, engage patients early and improve cash flow. www.transunionhealthcare.com
About TransUnion (NYSE: TRU)
Information is a powerful thing. At TransUnion, we realize that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion has a global presence in more than 30 countries and a leading presence in several international markets across North America, Africa, Latin America and Asia. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide.
We call this Information for GoodSM.