The FINANCIAL -- Thomson Reuters, the world's one of  the leading sources of intelligent information for businesses and professionals, on September 1 announced that it has acquired Healthcare Data Management, Inc.

Effective immediately, the company will become part of the Healthcare & Science business of Thomson Reuters.

Financial terms of the transaction were not disclosed.

"The acquisition of Healthcare Data Management will enhance current efforts to remove healthcare waste, make cost and quality more transparent, and support the current and future compliance needs of the payer market. Additionally, the acquisition strengthens Thomson Reuters audit and payment integrity capabilities including, but not limited to medical, prescription drug, provider, eligibility, and plan design," Thomson Reuters reported.
 
“Healthcare Data Management brings unmatched expertise in health benefits auditing and expense management reporting solutions,” said Jon Newpol, executive vice president at the Healthcare & Science business of Thomson Reuters. “Together, we’re poised to meet the increased demand for auditing and compliance due to the Sarbanes-Oxley Act, the healthcare reform law, and an overall focus on eliminating waste from the healthcare system.

“Healthcare Data Management’s primary solutions, BenefitsAudit and BenefitsWatch, will play a key role in expanding our current solutions for employer and government markets,” Newpol said. “As a result, our new Audit & Compliance offering will support both retrospective and ongoing assessments of claims data.”

Healthcare Data Management was a pioneer in the establishment of modeling employee health benefit plans and using data-driven metrics to monitor plan performance. The company is currently one of the leading independent resources for maximizing the value and accountability of self-insured health benefit plans that are managed by plan administrators and pharmacy benefit managers.

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