DATA, ANALYTICS & AUTOMATION for better healthcare

Large Healthcare Payors in California  Selects Amitech  for  Price Transparency Data and Intelligence

September 22, 2021 (ST. LOUIS) – Amitech Solutions, an award-winning healthcare data, analytics and automation consulting firm, is honored to announce a new partnership with one of the largest payors in California. This payor came to Amitech after learning about our ability to easily solve the problem of widely varying file formats in hospital price transparency data. They wanted to increase pricing power and competitive positioning to lower the cost of healthcare to their members. 

Knowing that the price of a procedure can vary drastically within the same region depending on the negotiated discounts an insurance carrier contracted with each hospital, this payor sought to lower the total cost of care for their members by leveraging those publicly available rates to improve their price negotiations. The Public Health Service Act now requires hospitals to publish their payor-negotiated rates in both a consumer-friendly website as well downloadable files, but the data is in widely varying file formats and structures making it hard to consume.  

Amitech’s Price Transparency Data Service provides easy access to a standardized view of the diverse, complex and hard-to-find price transparency data published by hospitals in each market. It provides payors with deeper insights into market-wide pricing variations, brings more equity into provider contracts, and reduces the cost of healthcare for all stakeholders. The data service offered by Amitech also affords comprehensive intelligence on pricing variations across hospitals, payers, and plans, giving organizations a crucial tool for controlling healthcare costs. Our solution works by collecting publicly available pricing data from hospitals and facilities daily and transforming and mapping the data into a standard format. The result is easy to consume data that delivers critical insights to contracting teams so they can understand trends and build response strategies 

 “The price transparency regulations are helping some payors separate themselves from their competitors. By using one standard file, payors can ultimately gain negotiation power, which is not only helping payors but also ultimately helping healthcare consumers,” said Amitech Vice President of Innovation Paul Boal.  

About Amitech
Amitech is an award-winning data, analytics and automation healthcare consulting firm. At Amitech, we believe healthcare can and should be better. With a single-minded focus on value, we combine people, process, culture and technology to drive real and lasting change. We partner with our customers to deliver data, analytics and automation strategies and solutions to make healthcare more proactive, higher quality and less expensive for everyone. 

https://amitechsolutions.com/large-payor-california-selects-amitech-for -price-transparency-data-and-intelligence/