Leading Healthcare Cost Comparison Platform Recognized in Transparency Tools Category
Portsmouth, NH – March 31, 2020 – MMS Analytics, Inc. dba MyMedicalShopper, a leading provider of healthcare price transparency solutions, was named a winner in the Transparency Tools category at the Validation Institute’s 2020 Health Value Awards. The Health Value Awards recognize outstanding “services, products, and programs across 30+ categories” throughout the healthcare industry.
“We are honored to be recognized for our work to bring price transparency to the healthcare industry, and we are humbled to be part of such a prestigious group of businesses and organizations,” says MyMedicalShopper co-founder and CEO, Mark Galvin. “It’s a testament to all the hard work of our team, and our commitment to empowering a consumer-driven healthcare industry.”
The Health Value Awards were originally slated to take place in Washington, D.C. this week as part of the annual World Healthcare Congress. In light of the current COVID-19 pandemic, the Health Value Day events were held virtually, and winners were announced via webinar on Monday, March 30th.
“Now, more than ever, we are seeing the importance and strength and dedication of healthcare workers in our country. While we were unable to celebrate our finalists in person, we feel it was important to host this event virtually, celebrate these leaders and all they do for the industry,” says RD Whitney, CEO of Validation Institute.
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.
In addition to winning recognition in the 2020 Health Value Awards, MyMedicalShopper has also been validated by the Validation Institute, an independent, objective, third-party organization focused on changing healthcare. Validation Institute verified that MyMedicalShopper has a credible impact on healthcare costs and delivers on its promises to clients.
The 2020 Health Value Awards Program Book, complete with abstracts of the reviews for all vendor finalists, is available online.
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.
ClaimsFlow automates much of the administrative burden and error-prone human processes involved in adjudicating employee reimbursements for CDH accounts. Participants can leverage connections to more than 100 insurance carrier and health plan member portals to facilitate rapid adjudication of claim reimbursements and automatic substantiation of debit card transactions.
About MMS Analytics, Inc. (www.MyMedicalShopper.com)
MMS Analytics, Inc. dba MyMedicalShopper™ is a big data company on a mission to build technology, products, and services to drive meaningful savings from the cost of healthcare in the United States. The company was founded on the belief that fixing the broken healthcare marketplace required a focus on the alignment of financial incentives, medical price transparency, and the reduction of administrative overhead. The company empowers employers and their employees with the ability to choose care based on price, quality, and convenience with unprecedented access to the previously secretive prices negotiated between insurance carriers and providers. Experts document that as much as $1 trillion could be slashed annually from the cost of healthcare in the United States. MyMedicalShopper aims to help transform the healthcare industry into a fair market for consumers.
About the Validation Institute (www.validationinstitute.com)
Validation Institute is a membership organization made up of a network of healthcare vendors, health benefits advisors, and purchaser benefit managers focused on delivering better health value and stronger outcomes than conventional healthcare.