Equian is a leading national provider of payment integrity and cost containment solutions to the healthcare and property and casualty (“P&C”) industries. Equian has over 1,100 professionals serving more than 300 healthcare and insurance customers across the U.S., including nine of the top 10 healthcare payors. Equian was created through the merger of the predecessor company Equian, LLC, a leading payment integrity platform and Trover Solutions, Inc., a leading provider of comprehensive cost containment services and software. The combined entity focuses on containing cost in healthcare and P&C insurance by ensuring that its customers pay correct amounts for appropriate services and levels of care. Equian’s services include post-payment solutions (e.g. data mining, provider audit solutions, etc.), pre-payment solutions (e.g. complex clinical coding review, bill review, network solutions, Rx, etc.), and subrogation solutions for healthcare, property & casualty and other risk-bearing entities. Equian covers all 50 states and produces hundreds of millions of dollars in savings annually for its customers. Equian is headquartered in Indianapolis, IN.
New Mountain identified Equian and Trover Solutions as part of the firm’s proactive “deep dive” efforts in the healthcare and business services sectors. After entering a dialogue with Equian in May 2015 and Trover in September 2015, New Mountain completed the acquisition and merger of both companies in December 2015 on an exclusive, proprietary basis without an auction.