News | August 2, 2013

SSI Announces Acquisition Of Claimsnet.com, Inc

The SSI Group, Inc. (SSI), a leading provider of healthcare revenue and payment cycle management solutions, announced recently that it has acquired Claimsnet.com, Inc. The acquisition of Claimsnet expands SSI’s robust payment integrity solutions platform for healthcare payers and providers to include new transaction options and enhanced analytics tools. 

Headquartered in Dallas, Texas, Claimsnet is a leading provider of Internet-based claim processing solutions and payer connections. Claimsnet's real-time healthcare transaction processing services and solutions will further enhance SSI's product and service offerings.

The combined resources of SSI’s health information network, connecting more than 1,000 payers, and Claimsnet’s technology and extensive payer gateway, provide easy to use applications and enhanced editing capabilities. Additionally, Claimsnet will add the ability to process additional claim transactions, such as dental offices.

“We are very pleased to become part of SSI. The merger of our organizations will provide an improved environment for our customers and a great opportunity for growth. This combination will help to better fulfill market needs for both our clients and employees,” said Don Crosbie, Chairman and CEO of Claimsnet.com.

“SSI welcomes Claimsnet and its employees into the SSI family. The subsidiary will now be known as SSI Claimsnet, LLC,” said Jimmy Lyons, President and CEO of The SSI Group, Inc.

“Their technology and expertise in payer and provider markets will greatly contribute towards SSI’s goal of providing reliable, easy to use healthcare software and services to customers. We look forward to the new opportunities this relationship will bring.”

About Claimsnet.com
Claimsnet.com, Inc. is a leading provider of Internet-based claim processing solutions for the healthcare payer industry, including distinctive, advanced ASP technology. Headquartered in Dallas, Texas, Claimsnet offers systems that are distinguished by ease of use, customer care, security and measurable cost advantages. For more information, visit www.claimsnet.com.

About SSI
SSI is a forward-thinking innovator that is powering the business of healthcare through improved flexibility, connectivity and integration. The company offers a single-vendor, end-to-end RCM solution featuring front-end eligibility, patient estimation and patient access; industry-leading, best-in-class billing and claims transmission; contract management, release of information and attachment processing; and an advanced analytics and business intelligence product suite. With over 1,000 direct payer connections through its ENHAC-certified clearinghouse, SSI processes 600 million transactions annually, totaling in excess of $800B in billed electronic claims revenue. For more information, visit www.thessigroup.com.

SOURCE: The SSI Group, Inc.