Global professional services firm Huron (NASDAQ: HURN) today announced it has acquired the payor consulting services division of AXIOM Systems (AXIOM), a healthcare information technology firm specializing in core administration systems and digital transformation for payors and payor-provider organizations. The acquisition expands Huron’s capabilities in the payor ecosystem.
“We are excited to welcome AXIOM’s consulting services team to Huron,” said Mark Hussey, chief executive officer and president of Huron. “The AXIOM team brings specialized capabilities that strengthen our position in the payor market and accelerate the growth of our digital offerings. This acquisition enables Huron to better serve our healthcare clients seeking to modernize their claims platforms and leverage connected data to improve operational performance and member outcomes.”
AXIOM’s payor consulting services division brings specialized technology, data and analytics skills and capabilities that enable the core of payor operations, including claims administration, data transformation, and systems integration. AXIOM’s expertise in implementing and optimizing payor core administration processing systems, including commercially available products such as TriZetto’s Facets®, QNXT, and HealthEdge solutions, the technology that healthcare insurers use to process claims, manage member data, and integrate with provider networks, complements Huron’s existing strengths in healthcare strategy, operations, and digital transformation.
“We are thrilled to join Huron and continue to build on our mission to help payors modernize and transform their operations. We are excited to work together to bring an even greater portfolio of tech-enabled solutions to market across the healthcare continuum,” said Paul Lythcke, Executive Vice President at AXIOM Systems. “Our shared culture of technical excellence, integrity, and commitment to client success makes this a natural fit, and one that will bring even greater value to our clients.”
Approximately 40 AXIOM team members have joined Huron. For reporting purposes, AXIOM’s payor consulting services division will be included in Huron’s Healthcare operating segment. Terms of the acquisition were not disclosed.
