INDIANAPOLIS, IN--(Marketwired - September 19, 2016) - Equian announced the completed acquisition of T3 Worldwide, furthering the company's capabilities to deliver technology driven, accurate, and actionable pre and post payment integrity solutions. The acquisition of T3 supports Equian's strategy to lead the market with the most comprehensive suite of solutions focused on utilizing technology, data and expertise to drive client savings. The company will continue its balanced strategy of internal innovation and acquisitions that deliver actionable data analytics, scalable partnerships, and content rich results to increase savings for its clients and enable Equian to expand across its key markets.
Founded in 2006 and based in Norwalk, Connecticut, T3 Worldwide provides a technology platform which enables over 30 million payment integrity transactions a month for some of the largest payers in the Commercial, Medicare, and Medicaid markets.
Equian CEO, Scott Mingee, stated, "This is a very strategic acquisition for us, and adds one of the only commercial grade technology platforms in use by the end market of large scale payers. Our clients want a partner who is aligned with them and helps drive continuous improvement, and we understand the need for flexibility given the complexities and ever changing regulatory environment, evolving reimbursement strategies and payment modalities in our market. Adoption and utilization of T3's platform by their end clients is a testament to the power of the solution, and we are excited to bring this offering to our customers. This platform will enhance and accelerate our data management and content strategy, allowing us to expand our research & development and deliver our results more quickly -- ultimately helping our clients pay the right amount to the right party at the right time. The T3 executive team shares our vision and passion for innovation and will be a key part of our future innovation and transformations as they are proven industry experts and leaders."
Younes Ghanian, Executive Partner of T3 added, "T3 has always been focused on transparency and sharing the content and logic of our audits with our clients. We look at post pay and pre pay modalities for clients to determine how we can correct most of the problem claims in time to avoid costly interaction with providers recouping overpayments. Through early meetings with Equian, it was obvious we shared this common philosophy. If we can find a way to correct an error upstream for payers, we do it."
Equian is a leading end-to-end payment integrity organization. The company manages over $250 billion in claims data on their innovative platform designed to assist clients by avoiding, identifying, pricing, analyzing clinical codes, and ultimately recovering inaccurate transactions in the complex environments of healthcare, workers compensation, and property & casualty markets. Equian acts on data to pay the right party, the right amount, at the right time delivering over $1.25 billion in actionable savings throughout the payment spectrum.
About T3 Worldwide
T3 was founded with an intent to create an auditing solution different from anything in the market. Their unique technology streamlines the auditing function across the enterprise and creates a platform that helps clients improve productivity and pay claims correctly the first time. T3 takes a systematic approach to identifying root causes to improve accuracy and fixing recurring errors with a solution set that is better, faster and more cost-effective. In an industry that has capitalized on health plan inefficiencies, T3 has opted to take a different approach and align its incentives with its clients.