The acquisition enables Conduent to better serve current and prospective commercial and government payer clients with core administration processing technology
Conduent announced its acquisition of Health Solutions Plus (HSP), a software provider of healthcare payer administration solutions.
The acquisition enables Conduent to better serve current and prospective commercial and government payer clients with core administration processing technology. In particular, with the purchase of HSP, Conduent offers a modern Core Administration Processing System (CAPS) solution, which is a key connector of administrative functions for healthcare funding entities, including commercial payers, managed care organisations, state medicaid agencies and Medicare Advantage payers.
The transaction, announced October 31, 2018, also aligns with Conduent’s strategy to make acquisitions that will enhance its core portfolio and position it as a technology-led, digital interactions company.
“This purchase strengthens our leadership position in the market, enhancing our capacity to connect the entire healthcare ecosystem,” said Pratap Sarker, group chief executive, Conduent, Financial Services and Healthcare. “We can now bring an end-to-end healthcare payer administration solution to our commercial and government payer clients, helping them achieve operational efficiencies, lower costs and an enhanced digital experience for members and providers.”