Verisk Acquires MSP Compliance Provider Franco Signor for $160M

Verisk Acquires MSP Compliance Provider Franco Signor for $160MVerisk Acquires MSP Compliance Provider Franco Signor for $160M

What You Should Know:

– Verisk acquires Franco Signor, a Bradenton, FL-based full-service provider of MSP compliance software and services for $160M.

– Property/casualty insurers, self-insureds, and TPAs
will benefit from the most comprehensive suite of fully integrated Medicare
compliance solutions and greater access to the nation’s top Medicare experts.

Verisk, a data
analytics provider, announced today that it has acquired
Franco Signor, a Medicare Secondary
Payer (MSP) service provider to America’s largest insurance carriers and
employers. As part of the acquisition, Franco Signor will become part of
Verisk’s Claims Partners business, a leading provider of MSP compliance and
other analytic claim services. Claims Partners and Franco Signor will be
combining forces to provide the single best resource for Medicare

 “We are excited to join Claims Partners in order to provide integrated solutions and enhanced support to claims professionals,” said John Williams, chief executive officer of Franco Signor. “Becoming part of the Verisk family will enable us to offer added value to our current customers through advanced analytics.”

Acquisition Benefits for Verisk

While Claims Partners and Franco Signor have both delivered
valued Medicare compliance services for decades, their approaches are very
complementary. With the addition of Franco Signor’s offerings to Claims
Partners’ MSP compliance suite, Verisk now offers the broadest range of
Medicare solutions powered by its sophisticated analytics and the highest
quality data available. With the synergies resulting from the acquisition, the
industry will benefit from flexible service levels that fully support insurers,
self-insureds, and third-party administrators (TPAs) in their compliance needs
throughout the life of a claim, as well as the industry-leading quality and service
for which Claims Partners is known.

The comprehensive Medicare compliance suite includes highly
accurate Section 111 reporting with flexible service that is tailored to the
way insurers and TPAs do business, including automated conditional payment
processing, and a full range of Medicare Set-Aside (MSA) services including
professional administration. In addition to full compliance support, including
First Report of Injury (FROI)/Subsequent Report of Injury (SROI) and other
Electronic Data Interchange (EDI) reporting, claims professionals can avail
themselves of Claims Partners’ robust analytic solutions for workers’
compensation and liability claims and can leverage litigation analytics for
improved claim results, as well as Verisk’s more comprehensive claim offerings
which include fraud detection, investigation resources, subrogation support,
and more.

“We’re pleased to add Franco Signor’s well-regarded capabilities to Verisk’s strong offerings in the Medicare space,” said Mark Anquillare, chief operating officer of Verisk. “We anticipate that this acquisition will have substantive long-term advantages for the industry, as Verisk will now be able to offer unparalleled guidance and an all-inclusive solution suite for all aspects of an insurer’s Medicare compliance needs.”