Thomson Reuters of New York, NY, a company that provides information for businesses and professionals, has announced that it has acquired Healthcare Data Management, Inc. (HDM). According to a Thomson press release, HDM will immediately become part of the Healthcare & Science business of Thomson Reuters. The financial terms of the acquisition are not yet available.

HDM provides analytics and data-driven metrics to monitor plan performance of self-insured health benefits plans. Thomson says the acquisition of Healthcare Data Management will help in cost and quality transparency, compliance needs of the payer market and the audit and payment integrity capabilities of Thomson Reuters.

"Healthcare Data Management brings unmatched expertise in health benefits auditing and expense management reporting solutions," said Jon Newpol, executive vice president at the Healthcare & Science business of Thomson Reuters in the press release. "Together, we're poised to meet the increased demand for auditing and compliance due to the Sarbanes-Oxley Act, the healthcare reform law, and an overall focus on eliminating waste from the healthcare system.

On its website, HDM of King of Prussia, Pa. says that the acquisition "...is an exciting development for Healthcare Data Management and one that will result in exceptional new value."

Adapted in part from a Thomson press release.

The Thomson press release can be accessed here. The HDM announcement can be found here.

More Voices