MultiPlan Corporation, a leading provider of technology and data solutions that improve affordability, quality and transparency in healthcare, announced an agreement with J2 Health, a cloud-based software solution that optimizes provider network performance. This strategic agreement will support MultiPlan’s network optimization strategy, providing tailored solutions and resource efficiency that ultimately reduces healthcare costs for payors.
“J2 Health shares the same goal as MultiPlan in creating solutions that combine technology, data and insights, which in turn impact cost, transparency and quality in the healthcare ecosystem.” said Travis Dalton, President and Chief Executive Officer of MultiPlan. “This agreement aims to unlock that value, which will ultimately drive better pricing outcomes and lower costs for our providers by increasing efficiency and reducing medical spend, allowing them to focus on higher quality, lower cost care.”
With over 40 years of experience, MultiPlan contracts with over 1.4 million healthcare providers, providing services that identified $22 billion of potential medical cost savings annually on behalf of more than 700 payors and their 100,000 employer customers. J2 Health’s cloud-based software solution will enhance and deliver best-in-class network capabilities for payors by reducing the lead time and cost of decision-making. The platform complements MultiPlan’s Network and Data & Decision Science services using its Network Management capabilities by identifying network gaps and enabling improvements for network adequacy, marketability and accuracy. With the agreement, MultiPlan’s clients will benefit from enhanced network configuration, transparency and analytics capabilities that align with industry standards and optimize network performance for healthcare payors and their members.
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“Network intelligence and optimization are critical tools for improving the cost, quality and experience of US healthcare,” said Josh Poretz, Founder and CEO of J2 Health. “This strategic agreement between J2 and MultiPlan is a big step in delivering the insights the industry needs to be successful.”
SOURCE: Businesswire