Conduent acquires Health Solutions Plus to provide core administrative processing technology
Conduent has announced the completion of its acquisition of Health Solutions Plus (HSP). 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 organizations, state Medicaid agencies and Medicare Advantage payers.
Pratap Sarker, Group Chief Executive, Conduent, Financial Services and Healthcare, comments, “This purchase strengthens our leadership position in the market, enhancing our capacity to connect the entire healthcare ecosystem. 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.”
HSP brings a proven track record of providing comprehensive payer solutions that offer the flexibility and automation needed to support extended health products like dental, vision and specialty health benefits products. Besides providing end-to-end administration processing – from enrollment to billing to final reporting – the HSP Payer Suite can support multiple lines of business, including commercial, Medicaid, Medi-Cal and Medicare Advantage.
Former HSP employees, including HSP co-founders John Buser and Dr James Basile, are now part of Conduent’s Financial Services and Healthcare sector, led by Pratap Sarker.
Terms of the transaction are not disclosed.