Trusted Employee Benefits Consultant and Administrator Now Offers MyMedicalShopper’s Suite of Healthcare Cost-Saving Tools
Portsmouth, NH and Braintree, MA – April 17, 2019 – MMS Analytics, Inc. dba MyMedicalShopper, a leading provider of healthcare price transparency solutions, and Baystate Benefit Services, an employee benefits consulting firm and third-party administrator based in Massachusetts, are partnering to give consumers more choice and control with respect to their healthcare spending. Today the companies announced the partnership, making MyMedicalShopper’s advanced healthcare price transparency software and cost-saving employer tools available to Baystate clients.
Baystate can now deliver MyMedicalShopper’s suite of products, which bring cutting-edge price transparency technologyrobust claims analytics to employers and their employees. MyMedicalShopper™MyMedicalRewards™, and their powerful MyMedicalMetrics™ employer analytics package are now available to Baystate’s entire client base. In addition, the MyMedicalShopper suite will be tightly integrated with Baystate’s administrative platform for those clients who leverage Baystate’s administrative services for consumer-directed health accounts.
“We are excited to be partnering with Baystate Benefit Services to bring integrated solutions to their clients to help them control their healthcare costs,” says MyMedicalShopper co-founder and CEO, Mark Galvin. “We look for partners who work hard to find creative solutions to address their customers’ pain points. By partnering with progressive benefits advisors and administrators, we can collectively reverse the trend of rising healthcare costs for businesses and their employees alike.”
For Baystate, anbenefits consulting firm , this new offering is a significant step towards an improved health benefits environment for clients.
“We are constantly looking at the employee benefits landscape through our clients’ eyes,” says Chad DiBonaventura, Managing Director of Baystate Benefit Services. “It has become obvious that one of the biggest pain points that our customers face is rising health insurance costs and a total lack of medical price transparency. We are convinced that MyMedicalShopper has built the best platform for empowering the medical consumer. We are excited about our new partnership with MMS and eager to share this new technology with our clients to help them control their costs.”
MyMedicalShopper is a comprehensive platform for employers designed to drive down the cost of healthcare while improving employee benefits. The platform includes the nation’s leading medical price transparency tools for employees, dynamic rewards programs, and robust analytics packages for employers.
MyMedicalShopper is available through benefit brokers and consultants serving both the fully insured and self-funded employer markets. MyMedicalShopper provides a comprehensive platform for employers who want to take control of their healthcare costs and empower their employees with a tool that makes shopping for medical care as easy as a Google search.
MyMedicalRewards™ provides a dynamic HRA or HSA funding mechanism that drives good consumer behavior even when employees are spending employer dollars. It combines reference-pricing models with the MyMedicalShopper shopping experience to reward employees for choosing low-cost, high-quality medical care, thus reducing medical claims.
MyMedicalShopper’s Employer Dashboard provides CEOs, CFOs, and HR leadership with direct visibility into their group’s claims experience, engagement with MMS programs, and realization of savings. MyMedicalMetrics™ is an enhanced feature of this dashboard—a robust claims analytics package that shows employers exactly how their employees are victimized by hidden pricing, inadvertently driving up their own costs and overall claims experience for the group. Employers can use this new information to team up with their employees, identify specific savings opportunities, and build targeted campaigns that drive meaningful behavior change and claims reduction for their groups.
About MMS Analytics, Inc. (www.MyMedicalShopper.com)
MMS Analytics, Inc. dba MyMedicalShopper™ is a big data company on a mission to revolutionize healthcare. The company was started out of the need to bring transparency to consumers and the companies who provide healthcare benefits to their employees—providing the leverage needed to make solid decisions on their healthcare and improve their quality of life. Consumers previously unaware of price variations in procedures and testing can utilize real-time health insurance plan pricing information that makes it possible to choose care based on price, quality, and convenience. Experts document that as much as $1 trillion could be slashed annually from the cost of healthcare in the U.S. MyMedicalShopper aims to transform the healthcare industry into a fair market for consumers.
About Baystate Benefit Services (www.baystatebenefits.com)
Baystate Benefit Services, Inc. (BBS) was founded in 1990 and is headquartered in Braintree, MA. Baystate’s consulting practices are structured around the health and welfare needs of their clients, business retirement plans, risk management insurance and executive compensation. BBS is resourced to provide expertise in benefits plan design and administration, claims administration, compliance, employee health & wellness strategies, Cobra administration, flexible spending account administration and health reimbursement account administration. Finding the best and most cost effective solutions has been BBS’s objective since 1990.
Baystate Benefit Services