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COMPREHENSIVE HEALTHCARE SYSTEMS SIGNS LETTER OF INTENT TO ACQUIRE CLAIMRETURN, INC.
COMPREHENSIVE HEALTHCARE SYSTEMS SIGNS LETTER OF INTENT TO ACQUIRE CLAIMRETURN, INC. ...
About this update from Comprehensive Healthcare Systems Inc
[{"type":"text","content":"\n \n \n \n COMPREHENSIVE HEALTHCARE SYSTEMS SIGNS LETTER OF INTENT TO ACQUIRE CLAIMRETURN, INC.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Feb. 15, 2022\n \n \n /CNW/ - Comprehensive Healthcare Systems Inc. (TSXV: CHS) (The \"\n \n Company\n \n \" Or \"\n \n Chs\n \n \"), An Industry Leader In Healthcare Benefits Administration Software And Data Analytics, Has Entered Into A Non-binding Letter Of Intent With Claimreturn Inc. (\"\n \n Claimreturn\n \n \"), Effective\n \n February 10, 2022\n \n To Acquire Claimreturn Inc. (The \"\n \n Transaction\n \n \"), A\n \n San Diego, California\n \n -based Premier Artificial Intelligence (\"\n \n Ai\n \n \") Provider In The Healthcare Analytics And Financial Recovery Space.\n \n \n ClaimReturn uses advanced AI technology to drive down the cost of healthcare by rapidly analyzing an organization's benefit plan and medical claims data. ClaimReturn provides payment integrity solutions for payers that want to maximize over-payment recovery, reduce improper payment waste, and promote the proper payment of medical claims. ClaimReturn works with third-party administrators (TPAs), self-administered plans, regional health plans, and insurance companies — as well as technology companies, medical providers, facilities, and carriers — to restore medical claims payment and pricing integrity.\n \n \n \"We're pleased to partner with ClaimReturn. ClaimReturn complements the Comprehensive Healthcare Systems family of technology products and services,\" said\n \n Chris Cosgrove\n \n , CHS President and CEO. \"This transaction demonstrates our continued commitment to expanding our footprint in analytics, advanced technology, and data advancements in the healthcare industry. ClaimReturn's capabilities will afford CHS the ability to continue to provide high-quality services to our clients nationwide. With healthcare claims in the US exceeding\n \n $1.2 trillion dollars\n \n per year, we see a continued market opportunity to help drive down the cost of health...