Property-casualty dealer NFP has introduced the launch of TPCompare, a device for pricing and comparative evaluation inside healthcare supply methods.

TPCompare makes use of benchmark information from suppliers, services, and payers to guage the associated fee and high quality scores of medical procedures and providers compared to different healthcare methods.

The device is available in response to latest laws that mandates hospitals and payers to reveal their healthcare procedural costs for in-network providers. Whereas few options have been developed to fulfill the wants of healthcare supply methods within the present period of value transparency, TPCompare gives visibility into previously confidential business pricing data, NFP mentioned. This allows hospitals and well being methods to realize a aggressive benefit by leveraging the insights supplied by TPCompare.

E. Heidi Cottle, nationwide apply chief and senior vp of price containment methods at NFP, spearheaded the event of TPCompare. With over 30 years of expertise in management roles inside worker advantages and healthcare price containment, Cottle has been helping NFP shoppers in managing healthcare prices since 2013.

“TPCompare brings price transparency information to a different stage, supported by enhanced information units that produce an in depth view and accuracy to the analytics,” Cottle mentioned. “The device empowers healthcare suppliers to barter aggressive pricing from a place of power by independently validating quantitative and qualitative information for medical procedures and providers towards a complete competitor database. This creates the next stage of price accountability, centered on high quality metrics, to measure general final result enchancment for stakeholders.”

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