OpenSpan Inc., a provider of business process analytics, optimization and automation solutions, has signed a definitive agreement to acquire Triangle BPA LLC. The acquisition follows a year-long partnership between the two companies. OpenSpan has secured rights to intellectual property for Triangle BPA’s health insurance payer claim automation tools and techniques and is adding key senior staff to the OpenSpan executive team.
Triangle BPA’s Claim Control Engine, a business process automation engine for accelerated health insurance claim auto-adjudication, is being rebranded and relaunched this week as the OpenSpan Automation Engine, says OpenSpan. It manages specialized, reusable components containing business rules and repair actions in a service-oriented architecture. These reusable components are assembled into customized claims processes that automate repairs. Components can be iteratively enhanced and reused across multiple repair scenarios for fast time-to-deployment, giving insurance payers tremendous flexibility to react to changes, such as claims inventory fluctuations, new regulations, and member or provider service needs.
The engine executes claim repairs via Reinacts, a Triangle BPA solution that is retaining its brand under the OpenSpan auspices. Reinacts are customizable process automation templates based on the most common claims adjudication practices. Automations are configured and integrated with core systems in the insurance back-office, using OpenSpan’s visual development environment. OpenSpan accelerates business rule definition with a process analytics tool for automated business process discovery.
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