BOSTON, Mass. - Deerhold, Ltd, a company offering advanced healthcare data management and solutions to support healthcare price transparency and compliance, released new functionality that equips self-funded employers, brokers and stop loss insurance providers with a faster, more accurate method for evaluating provider networks across health insurance plans.

Traditional methods for evaluating network performance involve comparing the percentage discount off billed charges across different payers’ provider networks or repricing a health plan’s historical claims to identify top-performing networks. These approaches can be time-consuming and are prone to inconsistencies arising from data and pricing complexities and reliance on self- reported data from health plans.

By combining Medicare payment and enriched healthcare price transparency data, Deerhold Contract Rate Explorer introduces a standardized approach to run network analyses. This new approach factors in regional variations in Medicare rates and complexities such as provider type, wage index, pricing methodologies, and status codes. It also cross-references multiple data sources to weight procedure codes according to occurrence. The actual contracted allowed amounts are also displayed as a percent of Medicare to provide a real-world value for more accurate, straightforward comparisons.

Using Deerhold Contract Rate Explorer, a self-funded employer or health plan adviser can simply input the location of the member population (e.g., MSA), select multiple networks for comparison, and view results that incorporate every procedure, not just the most frequently billed codes. They can filter results by inpatient, outpatient, and professional claims and drill down into specific codes for a more thorough and complete analysis of the entire network.

“We heard loud and clear that our customers and prospects were frustrated with the inconsistencies associated with vendor-provided discount percentages and the risks of quoting business based solely on those metrics,” said Jeff Gasser, CEO of Deerhold. “Medicare rates offer a consistent benchmark across the market but actionable data requires accurate regional Medicare rates. Overcoming the numerous hurdles to provide valid rates for every procedure code was a monumental effort, involving thousands of hours from our teams in the U.S. and Nepal. The ability to provide decision-makers with an independent, reliable source to perform network comparisons in seconds is an industry first and we’re excited to deliver this to the market!”

About Deerhold
Deerhold is a digital technology company, delivering SaaS-based healthcare solutions in the U.S. and IT and software development services to companies around the globe. Headquartered in Boston, Deerhold has offices in Kathmandu and Tokyo, and is supported by a robust network of software engineers working from the U.S., Nepal, and Japan. For more information, visit www.deerhold.com


Contact Info
Jeff Gasser
Deerhold, Ltd.
jgasser@deerhold.com
407.923.1600