New Entity Aims to Help Payers Improve Payment Integrity

Private equity firm New Mountain Capital is merging The Rawlings Group, Apixio’s Payment Integrity and Varis to form a new, unnamed entity aimed at reducing the estimated 10% of healthcare spending lost to fraud, waste and abuse. The new group will combine machine learning, AI and existing services to improve the accuracy, efficiency and transparency of health spending, according to David Pierre, the entity’s CEO.