NFP launches price transparency tool

Property-casualty broker NFP has announced the launch of TPCompare, a tool for pricing and comparative analysis within healthcare delivery systems.

TPCompare uses benchmark data from providers, facilities, and payers to evaluate the cost and quality scores of medical procedures and services compared to other health care systems.

The tool comes in response to recent legislation that mandates hospitals and payers to disclose their health care system fees for in-network services. While few solutions have been developed to meet the needs of healthcare delivery systems in today’s era of price transparency, TPCompare offers visibility into previously confidential commercial pricing information, the NFP said. . This allows hospitals and health systems to gain a competitive advantage by leveraging the insights provided by TPCompare.

E. Heidi Cottle, national practice leader and senior vice president of cost containment strategies at NFP, led the development of TPCompare. With more than 30 years of experience in leadership roles within employee benefits and health care cost recovery, Cottle helps NFP clients manage their health care costs. since 2013.

“TPCompare takes cost transparency data to another level, supported by enhanced data sets that create a detailed view and accurate 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 database of This creates a higher level of cost accountability, focused on quality metrics, to measure the overall improvement of the outcome for stakeholders.

Is there anything to say about this story? Let us know in the comments below.