MultiPlan reported second quarter 2023 results, with $238.0 million in revenue and $5.7 billion in identified medical cost savings. The company highlighted progress on its growth plan, including a strategic acquisition and new partnerships to expand its technology and healthcare payment solutions.
June 27, 2023 – MultiPlan Corporation… announced the appointment of John Prince to its Board of Directors, effective June 26, 2023. Prince has more than 25 years of executive leadership experience in healthcare services and technology… bringing a valuable depth of expertise to MultiPlan’s board… His appointment coincides with the next phase of the company’s growth strategy.
MultiPlan enhances its claim pricing services by adding payment processing of healthcare provider claims as well as payments made to other service providers. MultiPlan now has the ability to extend payment processing services to payors that price their own claims. ECHO extends its service portfolio to include out-of-network cost management and decision science services.
MultiPlan announces that it has been named one of the 2023 Fortune Best Workplaces in New York™ based on its 2022-2023 Great Place to Work® Certification™ results. New York has been MultiPlan’s headquarters since the company’s founding in 1980. The prestigious award is based entirely on what current employees say about their experience working at MultiPlan.
In the ever-evolving healthcare landscape, price transparency has emerged as a critical factor in empowering stakeholders to make informed decisions. Healthcare price transparency is vital in making informed healthcare decisions.
MultiPlan acquires Benefits Science Technologies—this acquisition will combine the capabilities of two leaders in the healthcare arena to provide cutting edge differentiated data and decision science solutions to customers across a full spectrum of channels and markets within the healthcare industry.
(NYSE:MPLN) MultiPlan reports financial results for the first quarter ending March 31, 2023.
Healthcare is a major expenditure for employers and employees, yet Americans purchase it without insight into price or quality. Medical costs contribute to 66.5% of household bankruptcies—lack of transparency is a contributing factor. Employers, payors and providers should consider alternative models of care such as value-based plans with built-in access and transparency.
On January 30, 2023, approximately three years after the COVID public health emergency (PHE) began, the Biden administration announced plans to let the PHE expire on May 11, 2023. If your organization pays healthcare claims, you may be wondering what the end of the PHE means for you. Claritev explains the implications below.
MultiPlan reported fourth quarter and full year 2022 financial results, generating $1.08 billion in annual revenue and $768.7 million in Adjusted EBITDA. During 2022, the company processed $155.2 billion in medical charges and identified approximately $22.3 billion in potential medical cost savings, while continuing to support customers through major healthcare regulatory changes and advancing initiatives to strengthen its business and position it for future growth.