NFP launches value transparency device

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

TPCompare makes use of benchmark information from suppliers, services, and payers to judge the fee and high quality scores of medical procedures and companies compared to different healthcare techniques.

The device is available in response to latest laws that mandates hospitals and payers to reveal their healthcare procedural fees for in-network companies. While few options have been developed to fulfill the wants of healthcare supply techniques within the present period of value transparency, TPCompare provides visibility into previously confidential business pricing info, NFP mentioned. This allows hospitals and well being techniques to achieve a aggressive benefit by leveraging the insights offered by TPCompare.

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

“TPCompare brings cost transparency data to another level, supported by enhanced data sets that produce a detailed view and accuracy to the analytics,” Cottle mentioned. “The tool empowers healthcare providers to negotiate competitive pricing from a position of strength by independently validating quantitative and qualitative data for medical procedures and services against a comprehensive competitor database. This creates a higher level of cost accountability, focused on quality metrics, to measure overall outcome improvement for stakeholders.”

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