HealthPort has spun off its healthcare consulting service into an independent company.
The new company, TrustHCS, gained its footing on June 18 when it purchased HealthPort HCS, the consulting arm of the Alpharetta, Ga.-based developer of release of information services and health information technology.
TrustHCS, based in Springfield, Mo., will use the HealthPort platform to offer guidance to healthcare providers on healthcare information management, coding, audit, cancer registry and revenue cycle integrity needs.
The new company will be led by Torrey Barnhouse, Jason Scarbrough and Cathy Brownfield, who led the HCS team at HealthPort.
“This sale allows both companies to move forward in a more focused, targeted approach to better serve customers in accordance with each other’s core competencies,” said Barnhouse, TrustHCS’ president. “With ICD-10-CM looming and much work to be done, we will continue to invest our time and energy in preparing our clients for this significant change.”
“As we continue to focus on technology-driven solutions for release of information, recovery audits, the exchange of health information, revenue cycle and electronic health records, it became evident the HCS division could be more focused on its strengths, clinical coding and coding compliance services if they operated as an independent business,” said Larry Armold, vice president and general manager of HealthPort’s Solutions Division. “When the division’s leadership approached us with the opportunity to divest itself along with an agreement to partner for HealthPort technology and services, the spin-off made even more sense for our company and our customers.”