How Can Payers Outperform the Market?

A new whitepaper details the challenging facing payers in an increasingly competitive market. LexisNexis Risk Solutions recently partnered with HealthcareDive’s studioID to survey over 100 professionals working in payer organizations. These professionals highlighted the importance of having access to market structure data, deidentified claims data, and hospital price transparency information. The more and better quality the data, the more competitive the payer organization.

“In a market where competition is tight, having access to detailed intelligence on individual providers as well as healthcare delivery organizations is critical to maintain a competitive advantage. The healthcare industry is a highly competitive space, which means payers need to be able to make informed decisions about entering new markets, designing new products, negotiating contracts and identifying potential fraud, waste and abuse.” Read more here.

(Source: LexisNexis Risk Solutions, 2021)