Extends Emdeon’s leadership position in patient billing and communication
Nashville, TN (December 20, 2007) –Emdeon Business Services announced today that it has acquired IXT Solutions, an innovator of consumer (patient) billing and payment solutions. This acquisition adds the industry’s leading online patient billing, eCashiering, return mail management and lockbox services to Emdeon’s existing suite of patient billing and payment solutions. These new services extend Emdeon’s leadership position in provider revenue cycle solutions. Terms of the agreement were not disclosed.
“The addition of IXT demonstrates Emdeon’s commitment to delivering industry leading revenue cycle management solutions for our provider customers. Providers are facing significant challenges today as consumerism continues to increase and more of their receivables are due from the patient”, said George Lazenby, CEO of Emdeon Business Services. “IXT has developed the industry’s most comprehensive and innovative solutions for managing patient receivables. These solutions, combined with their talented management team, enable Emdeon to extend its leadership position in patient billing.”
“The combination of our two companies will create a powerful suite of services to address the challenges in patient collections”, said Lyle Beasley, Chairman and CEO of IXT Solutions. “We are truly excited about the increased capital and resources that Emdeon brings to the table as well as the future opportunities this partnership will provide our customers and the healthcare industry as a whole.”
Emdeon’s extensive health information network processes nearly four billion transactions annually on behalf of its payer, provider and channel partner customers. With industry leading financial management solutions, Emdeon is simplifying the business of healthcare.
About Emdeon Business Services
Emdeon Business Services is a leading provider of revenue cycle management and clinical communication solutions that enables payers, providers and patients to improve healthcare business processes. Our solutions are designed to simplify the business and improve the delivery of healthcare for providers, payers and patients. Emdeon Business Services is owned by General Atlantic LLC and HLTH Corporation (NASDAQ: HLTH). For more information, visit www.emdeon.com.
