NASHVILLE, Tenn., Sept. 29 Emdeon, a leading provider ofrevenue and payment cycle management solutions for the healthcare industry,announced today that it has acquired GE Healthcare Information Technology'spatient statement business, a bulk printing and mailing services provider.Terms of the agreement were not disclosed.
The acquired business currently serves more than 400 hospitals andphysician groups, providing timely delivery of correspondence such asstatements, invoices, claims and appointment reminders for patients. Theacquisition also strengthens Emdeon's position as a preferred vendor partnerfor GE Healthcare's IT business. GE Healthcare IT's customers will have accessto Emdeon's leading suite of integrated print and electronic patient billingservices, return mail management, eCashiering, lockbox services and otherpatient communications.
"This acquisition demonstrates Emdeon's commitment to delivering industryleading revenue cycle management solutions for our customers," said GeorgeLazenby, CEO of Emdeon. "We look forward to furthering our relationship withGE Healthcare and continuing to serve GE Centricity(TM) providers."
"We're pleased to extend our relationship with Emdeon in an effort to meetthe changing needs of our customers and market," says George Langdon, VicePresident and General Manager, GE Healthcare IT's patient statement business."Emdeon's depth of healthcare communications services will provide additionalvalue for our installed base."
Emdeon is a leading provider of revenue and payment cycle solutions thatconnect payers, providers and patients to integrate and automate key businessand administrative functions throughout the patient encounter. Through the useof Emdeon's comprehensive suite of products and services, its customers areable to improve efficiency, reduce costs, increase cash flow and moreefficiently manage the complex revenue and payment cycle process. Emdeon isowned by General Atlantic LLC and Hellman & Friedman LLC. For moreinformation, visit www.emdeon.com .