Helping payers control healthcare costs through greater transparency
By Brad Hill, Vice President of Payer Solutions, RemitDATA
Payers who believe big data provides all the answers they need to establish competitive pricing are only getting half the picture. Comparative analytics take big data to a new level, allowing payers to achieve reduced costs by providing pricing transparency.
Many organizations believe they already have an analytics solution. However, the missing piece is often the comparative component. Comparative analytics offer the ability to help lower the medical cost of care, enhance member engagement and reduce administrative costs. As a result, payers have the data they need to help reduce their medical cost of healthcare by enabling their members to compare pricing in the ever-changing healthcare services market-delivering information that patients otherwise would not have.
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