New York, June 22, 2023 - NFP, a leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor, has released TPCompareTM, a pricing and comparative analysis tool for healthcare delivery systems. TPCompareTM benchmarks data from providers, facilities and payers and then compares the cost and quality scoring of medical procedures and services against other healthcare delivery systems.
"Recently enacted legislation requires hospitals and payers to establish, update and make public their healthcare procedural charges for in-network services," said Kim Bell, head of Health & Benefits, NFP. "While very few market players have built a solution suitable for healthcare delivery systems in today's price transparency environment, TPCompareTM provides visibility into formerly trade secret commercial pricing that can create a competitive advantage opportunity aimed at hospitals and health systems."
E. Heidi Cottle, national practice leader, SVP, Cost Containment Strategies, NFP, led the development of TPCompareTM. Cottle, who has been helping NFP clients manage healthcare costs since 2013, is a healthcare cost containment specialist with more than 30 years of leadership experience across employee benefits. In this role, Cottle is elevating efforts to usher in the next generation of healthcare pricing and delivery structures.
"TPCompareTM brings cost transparency data to another level, supported by enhanced data sets that produce a detailed view and accuracy to the analytics," said Cottle. "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."