HealthEdge Software, Inc., provider of the industry’s leading integrated financial, administrative and clinical platform for health insurers, HealthRules Payor, announced it has completed the acquisition of The Burgess Group, LLC (“Burgess”), an innovative payment integrity software company focused on improving healthcare payment operations through technology. Health plan customers will now benefit from claims cost savings via the Burgess Source platform’s ability to identify and reduce wasteful spending in the U.S. healthcare system, leading the way to on-time, accurate payments for millions of their covered lives.
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“We are really excited about the future of HealthEdge,” said Steve Krupa, CEO of HealthEdge. “Our company’s growth and maturation, coupled with strategic and capital support from our investors, have enabled us to take a significant step toward creating a fully automated cloud-based transactional system for health plans by partnering with Greg Burgess and his team.”
“The Burgess Group team is hitting the ground running with HealthEdge,” said Greg Burgess, Founder and President. “Driving solutions in the payment integrity arena has been our heart and soul for nearly 25 years. Together with HealthEdge, we will maximize efficiencies through our collective experience and ultimately create win-win scenarios for health plans, patients and participating providers.”
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The Burgess acquisition follows the purchase of a majority stake in HealthEdge by funds managed by Blackstone in April 2020.
Ram Jagannath, Global Head of Healthcare for Blackstone Growth and Chairman of HealthEdge said, “We are excited to back HealthEdge as a leading next-generation payor software company and we see HealthEdge as a platform for further strategic acquisitions. HealthEdge’s acquisition of Burgess provides a critical adjacency in payment integrity software to further strengthen our value proposition to health plan customers.”
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