Transparency Solutions
Lift the veil of secrecy for employers.Leveraging transparency data gives you a competitive edge in assessing the true cost and corresponding quality of healthcare services.
Steadily rising healthcare prices continue to drive employer-sponsored insurance (ESI) premiums higher and higher. These service costs consistently outpace both inflation and wage growth and impact employers and employees alike.
For employers, the price paid for healthcare services ultimately depends on the plan type, the service provided, and the carrier/payer's negotiated rate with the health system for a specific service. These prices can vary dramatically across the entire healthcare continuum and even within a particular hospital.
Until recently, these pricing variations for similar or identical services within or across health systems were mostly opaque. Concurrently, negotiated rates for services and pricing agreements between health systems and outside plan sponsors were shrouded in mystery.
NFP offers its early-to-market transparency solution TPNetTM designed to help contain healthcare costs and improve quality metrics.
For the first time, NFP can lift the veil of secrecy and offer employers the ability to compare and contrast negotiated pricing across health systems, networks, and regions across the country. With NFP’s proprietary tool TPNet, our consultants can benchmark providers, facilities, and carriers/payers to compare your healthcare offering against the best-negotiated plans in the US .
Although transparency data from health systems and insurers have been made available by The Hospital Price Transparency Rule, the Transparency In Coverage Rule, and the No Surprises Act, these resources were not designed to complement one another or be easily understood on their own. For even the most gifted data analyst on your team, the publicly available data is vast, disorganized, and confusing.
With TPNet, NFP consultants can cut through the noise and help plan sponsors establish and understand a unit cost of care baseline and customize a value-based initiative to define key utilization trends within your organization. Our experts can further help you identify the best-performing US networks and specific cost-saving opportunities based on your data.
With an eye toward minimal disruption and maximum access to quality care, NFP’s commitment to the employer market is evidenced by our insight into cost-effective benefit design, network optimization, and cutting-edge solutions.
Let us help you deliver a compelling message to the market: The new pricing data is here, and it has the potential to reshape the entire system for the better.
With NFP, employers gain a trusted partner dedicated to data-driven insights that contain healthcare costs, mitigate risk, and identify where spending is going.
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