New Mountain Capital, a private equity firm with $55 billion in assets under management, has created a new entity focused on improving payment accuracy and integrity in the healthcare industry. The entity is a merger of three companies – The Rawlings Group, Apixio’s Payment Integrity business and Varis. By combining these companies, they aim to streamline and automate processes, eliminating the need for multiple vendors and reducing human error. The new entity will provide comprehensive solutions to insurers, benefiting both payers and providers by ensuring faster payments, reducing administrative burdens, and increasing accuracy in claims processing. This technology-driven approach aims to revolutionize healthcare spending in the U.S.
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