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Channel Payments Company Overview
Change Healthcare is a healthcare technology company that provides data and analytics, revenue cycle management, and clinical network services. Its platform helps healthcare providers, insurers, and pharmacies handle tasks like patient billing, claims processing, and eligibility verification. The company also offers tools to support value-based care models, reduce administrative costs, and improve payment accuracy. Change Healthcare connects hospitals, doctors, payers, and patients through a network that facilitates data sharing, claim submissions, and electronic payments. It provides access to artificial intelligence-driven insights to help identify billing issues, coding errors, or gaps in care. The company’s software and APIs integrate with electronic health records and third-party systems, enabling users to automate workflows and meet compliance requirements. While Change Healthcare primarily serves the U.S. market, its products are used by a wide range of healthcare entities, including government organizations. In 2022, UnitedHealth Group acquired the company through its Optum division, expanding its reach within the healthcare sector.