Simple Healthcare, an analytics and advisory company that
bridges data and information, launches today and brings true
healthcare cost transparency to the market.
ORLANDO,
Fla., July 10, 2024 /PRNewswire-PRWeb/ -- Simple
Healthcare, an analytics and advisory company that bridges data and
information, launches today, bringing true healthcare cost
transparency to the industry. Health plans and providers have a new
resource to understand and act on commercial prices for care within
their market.
"It's our analysis that really makes this
come to life, rather than just selling data in a spreadsheet," said
Muhlestein. "Our clients are telling us that this is the first time
they have ever had clarity on pricing within a market."
Recent federal regulations unmasked prices for the first time,
resulting in history's most significant government-mandated data
release. Up to now, the pricing data released by health plans and
hospitals has been unusable and unintelligible. Data is not insight
but rather an input on the pathway to insight. Simple Healthcare
makes sense of the complexity, converting billions of data points
into information to drive smarter decisions. This is critical for
efficient pricing for both payers and providers.
Dr. David Muhlestein, PhD, JD, a
seasoned researcher, strategy consultant, and data analyst, founded
Simple Healthcare with the vision to simplify the complexities of
the US healthcare system. The company provides businesses with
clear and meaningful answers, drives informed decisions, and
improves healthcare outcomes. "We provide clients insight into
prices in their market, helping payers and providers understand
where they sit relative to their peers," said Muhlestein.
Simple Healthcare's work enables providers to benchmark their
reimbursement contracts against competitor agreements. Likewise,
payers can benchmark their reimbursement agreements against what
providers have willingly accepted from other health plans. With
this information, plans and providers can make informed and
strategic decisions based on the financial relationships maintained
by all the players in a market.
"It's our analysis that really makes this come to life, rather
than just selling data in a spreadsheet," said Muhlestein. "Our
clients are telling us that this is the first time they have ever
had clarity on pricing within a market."
About Simple Healthcare
Simple Healthcare focuses on three core areas:
- Price Transparency: By demystifying healthcare pricing, Simple
Healthcare empowers consumers and businesses to make informed
financial decisions, fostering a more transparent and competitive
marketplace.
- Value-Based Care: Simple Healthcare supports the transition to
value-based care models, emphasizing quality and efficiency. Our
data-driven insights help providers and payers achieve better
patient outcomes and cost savings.
- Research & Advisory: Leveraging extensive industry
knowledge and advanced analytics, Simple Healthcare offers tailored
research and advisory services to guide strategic planning and
policy development.
Simple Healthcare combines data and customized insights to meet
each client's needs. The company uses a proprietary approach to
evaluate transparency in coverage data and convert it into clean,
relational databases enriched with proprietary data such as group
names and location matching. Standardized analytics evaluate a
market, and custom analytics answer clients' unique questions.
"The complexities of healthcare mean there is no
one-size-fits-all approach to the information we provide," said
Muhlestein. "While the data can stand alone and meet the needs of
some of our clients, most want our help making sense of it," he
continued.
Commitment to Excellence
Simple Healthcare stands out with its commitment to excellence,
simplicity, and trustworthiness. The company endeavors to provide
seamless integration with essential business analytics tools,
making it easy for clients to incorporate Simple Healthcare's
solutions into their existing workflows.
Follow us on LinkedIn at
https://www.linkedin.com/company/simplehc for news and updates and
visit us at https://www.simple-healthcare.com to learn more.
Media Contact
David
Muhlestein, Simple Healthcare, 1 407-464-4444,
info@simple-healthcare.com, www.simple-healthcare.com
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SOURCE Simple Healthcare