NFP launches worth transparency software

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

TPCompare makes use of benchmark knowledge from suppliers, amenities, and payers to guage the price and high quality scores of medical procedures and companies compared to different healthcare programs.

The software is available in response to current laws that mandates hospitals and payers to reveal their healthcare procedural expenses for in-network companies. Whereas few options have been developed to satisfy the wants of healthcare supply programs within the present period of worth transparency, TPCompare affords visibility into previously confidential business pricing info, NFP stated. This allows hospitals and well being programs to achieve a aggressive benefit by leveraging the insights offered by TPCompare.

E. Heidi Cottle, nationwide observe chief and senior vice chairman 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 helping NFP shoppers in managing healthcare prices since 2013.

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

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