McKesson's RelayHealth acquires revenue cycle management provider

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McKesson to expand revenue management cycle portfolio with HTP purchase. Source: Health Management Technology  

McKesson has reported that RelayHealth, its connectivity services business, has acquired HTP, a provider of revenue cycle management technology.

The financial terms of the transaction were not disclosed.

HTP, a privately held company in Columbus, Ohio, provides connectivity solutions that address uncompensated healthcare, estimated to be $31.2 billion in 2006, according to McKesson.

Designed to connect providers, health plans and financial institutions, McKesson said HTP’s solutions promote timely reimbursement for patient services, ranging from verification of insurance eligibility to maintaining payment plans that aid in the collection of self-pay balances.

With the acquisition, RelayHealth said it now provides a set of services to automate and simplify a healthcare organization’s financial management activities with patients and payors.

“Joining forces with RelayHealth enables us to leverage our technologies to make a positive impact on healthcare operations,” said Ray Shealy, president and CEO of HTP.