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Transparency in Coverage Raw Data Files Can Ensure Employer Health Plans Are Paying Fair Prices

Self-insured employers have a new tool to ensure they are paying fair prices for medical services. The Consolidated Appropriations Act, 2021 (CAA) established protections for consumers related to surprise billing and transparency in health care. It created a unique opportunity by establishing the Transparency in Coverage (TiC) requirements, making available all negotiated prices from every healthcare payer to every medical provider for every service in the U.S., beginning in the latter half of 2022, updated monthly. These rules provided unprecedented access to proprietary price information.

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Telehealth on upward trajectory – Are you ready?

Many research and peer reviewed studies show that high-performing doctors produce better outcomes and cost less. Integrating evidence-based data of doctors’ practice experience like PRS into virtual health delivery platforms or health insurer’s provider network management system makes it easy for patients and professionals to find and access the best provider for their needs when and where they need the most, and at a more affordable cost.

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Provider Ranking System Brings Transparency to Healthcare Cost Dilemma

Did you happen to see the recent article from the New York Times titled, “Hospitals and Insurers Didn’t Want You to See These Prices. Here’s Why?” The August 2021, article is about how now a complete list of prices negotiated with private insurers, from every hospital, has been ordered from the federal government to be published.

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Provider Ranking System – How Does It Work?

Provider Ranking System (PRS) is designed for use by self-insured employers and health insurance companies to manage networks of providers, and to ensure that their employees or clients have access to the best doctors and other providers. View our online training demo and learn more.

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Raising the Bar for Healthcare Providers

There is more to be gained by the release of Denniston Data’s Provider Ranking System, than the ability of users to find the most high-performing physicians…On a higher level, the very existence of an objective, transparent and annually updated ranking tool like PRS, serves a greater good.

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