BancTec, a Dallas-based business process outsourcing (BPO) has purchased certain assets of GTESS, a provider of claims pre-adjudication technology and services for the healthcare industry for an undisclosed amount.
According to BancTec, the acquisition will help the company to further strengthen and expand its healthcare claims processing services.
BancTec Americas senior vice president and president Maria Allen said: "With this addition, BancTec will be able to effectively address this pain point as part of an integrated claims processing offering."
GTESS chairman Mark King said: "This strategic move gives clients the opportunity to significantly reduce annual expenses by lowering the cost per claim and dramatically improving accuracy, consistency and customer response."
Established in 1990, GTESS is a Texas-based provider of claims pre-adjudication technology and has served a client base including more than 40 healthcare payers nationwide.