Technology Company Focused on Total Payment Integrity for Health Plans, Providers and Third-Party Administrators
NASHVILLE, Tenn., Oct. 2, 2017 – Santé Analytics announced today that they will now be known as ClarisHealth. The change comes as they re-launch their innovative technology platform, Pareo™, to better serve their health plan, provider and third-party administrator clients.
ClarisHealth COO Jeff McNeese explains that in today’s complex healthcare market of expanding regulation and declining revenues, stakeholders are looking for innovative ways to grow and compete.
“When leadership says grow your department’s revenue by $20 million next year without adding any personnel, you need a truly transformative change and a partner that’s going to help you navigate those changes every step of the way,” says McNeese.
Payers, providers and third-party administrators have historically relied upon a saturated vendor market to optimize their revenue goals. Thanks to cutting-edge technology innovations, ClarisHealth is able to help payment integrity executives solve the challenges of audit and recovery with minimal negative impact on the organization.
“Being charged with doing more with less is nothing new for the market we serve,” McNeese continues. “But simply adding another vendor to the mix is not enough to measurably impact the bottom line.”
McNeese has the experience and data to back up his claims. ClarisHealth conducted surveys of two national health plans, four BC/BS plans and three regional plans examining payment integrity returns on claim spend. Results ranged from 1.2% to 7% return on claim spend. The key difference was the presence or absence of technology solutions that allowed for scale.
“Our clients are able to decrease medical expenses 3-5%, lower administrative costs 2-4%, and increase vendor efficiency 30%,” says ClarisHealth CTO Jim Weathersby. “That’s a ten-fold return on their investment in Pareo™.”
Health plan, provider and third-party administrator executives and department leaders are invited to see Pareo™ in action in a risk-free live demonstration. Sign up here for a convenient date and time.
Founded by leaders who were instrumental in the development of the cost containment industry, ClarisHealth was created to challenge the payer industry’s traditional models for identification and recovery services. Their technology platform, Pareo™, is a comprehensive solution that fosters visibility and transparency across the entire payment integrity ecosystem for all stakeholders, including third-party service providers, and also transforms credit balance operations for healthcare providers. Their Total Payment Integrity™ approach provides a unique combination of technology, services and expertise.