ConvergeHEALTH™ MyRateFinder
Transform price transparency data into a categorical advantage for your business
MyRateFinder empowers health care and life sciences organizations by activating price transparency data through advanced analytics and real-time market intelligence for a strategic advantage.
Why ConvergeHEALTH™ MyRateFinder?
Unlock advantage with price transparency data
With health care pricing data flooding the market due to several landmark regulatory actions in recent years, there is a renewed imperative to use this information to gain a strategic advantage. Health care organizations who can activate transparent information to influence consumer behavior, impact overall health economics, and harness competitive dynamics will usher in the Future of Health.
Analyzing and drawing actionable insights from this pricing data will soon be table stakes for all players in the health care ecosystem. But how do you turn this information parity into an advantage for your business?
MyRateFinder™ is a cloud-based product that pairs our world-class domain knowledge with proprietary health care analytics to ingest, normalize, and transform price transparency data, generating an empirical narrative that informs and defends your business strategy. Fact-based, real-time health care market intelligence—paired with our unique insights—improves decision-making and empowers organizations to take a fresh look at their pricing strategies to make health care more affordable while remaining competitive.
The benefits
A proven approach that makes an impact
Turning information parity into a strategic advantage requires an experienced, multi-disciplinary team covering operations, technology, analytics, data engineering and actuarial science, who come together and leverage MyRateFinder to uncover truly actionable insights.
Value drivers
Enterprise benchmarking
How does your organization’s pricing compare to its peers? We deliver custom, detailed market analyses to define your business strategy, arm you with insights for negotiations, and enable you to determine if contracts are under/overperforming.
Dispersion analysis
What prices and rates should you set for your organization’s services? Our analytics platform generates insights into health care price dispersion, unlocking new growth and margin opportunities in hidden data.
Cohort creation
How does your organization compare to a defined cohort? We provide transparency into geographies, health insurers, products/networks, organization types, and specific health care organizations for visibility into new and/or strategic market opportunities.
Anomaly detection
Are data quality issues and outlier rates skewing your results? We detect and remove anomalous rates from benchmarking analysis to paint a more accurate picture of the market.
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of provider and payer price transparency disclosures (MRFs) were ingested, cleansed and normalized
of plan data were ingested, cleansed and normalized—greater than 1 TB of data
and 10 physician peers' market positions were identified
Case studies
MyRateFinder in action
See how health care organizations have leveraged MyRateFinder and our proven approach to refresh pricing strategies, gain a competitive edge, and drive value.