Indianapolis-based Equian LLC and Trover Solutions Inc. of Louisville have announced a merger. The companies, which provide payment and billing services for the health care and property and casualty sectors, say the combined business will have a customer base that includes nine of the top 10 health care payers in the U.S.
The merged company will have 1,100 employees and more than 300 total customers. Chief Executive Officer Rob Bader says "bringing Equian and Trover together will accelerate innovation and allow us to serve our customers in new value-added ways." Equian CEO Scott Mingee agrees "this merger combines the strengths and capabilities of two highly complementary companies, resulting in a broader set of leading payment integrity services and creating an exciting company for further growth."
Equian and Trover say the combined company will offer services including:
- Post-payment solutions such as data mining and provider audit solutions
- Pre-payment solutions like complex clinical coding review, bill review, network solutions and prescriptions
- Subrogation solutions for healthcare, property & casualty and other risk-bearing entities
Equian has grown over the last year. In January, the company announced the completion of its acquisition of Colorado-based the Assist Group, a prepayment technology business.