{"id":55309,"date":"2023-03-29T15:04:21","date_gmt":"2023-03-29T13:04:21","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/clarify-health-launches-no-code-query-engine-for-faster-access-to-price-transparency-intelligence\/"},"modified":"2023-03-29T15:04:21","modified_gmt":"2023-03-29T13:04:21","slug":"clarify-health-launches-no-code-query-engine-for-faster-access-to-price-transparency-intelligence","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/clarify-health-launches-no-code-query-engine-for-faster-access-to-price-transparency-intelligence\/","title":{"rendered":"Clarify Health Launches No-Code Query Engine for Faster Access to Price Transparency Intelligence"},"content":{"rendered":"
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\nAllows payers and providers to query 500+ terabytes of enriched rates data in seconds<\/i>\n<\/p>\n

SAN FRANCISCO–(BUSINESS WIRE)–Clarify Health<\/a>, a leading healthcare analytics and value-based payments platform company, announced the release of a no-code query engine within its Clarify Rates<\/a> product, a price transparency intelligence software. Payers and providers can now instantly query 500+ terabytes of enriched price transparency data via the software\u2019s user interface and generate reports on market prices in seconds. The Clarify Rates product contains institutional and professional rates from over 65 national and regional payers, including United Healthcare, Cigna, Aetna CVS, Humana, and many Blue Cross Blue Shield (BCBS) payers, and is constantly adding new data as it is released, providing access to the most comprehensive and up-to-date rate intelligence on the market.\n<\/p>\n

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\n\u201cThis unlocks the usability of the price transparency data,\u201d commented Niall Brennan, Clarify\u2019s chief analytics and privacy officer and head of the Clarify Health Institute<\/a>. \u201cIt provides a business user on-demand, no-code access to the entirety of Clarify\u2019s over 500 terabyte data set without needing a fully staffed data team to ingest, clean, and analyze it from massive and complex raw source files.\u201d\n<\/p>\n

\nRaw price transparency data contains trillions of records, is inconsistently formatted, includes gaps in reporting, and paints a convoluted picture of healthcare pricing in the commercial market today. Aside from its no-code query engine, what makes Clarify Rates unique is its enriched rates data. By enriching raw rates with claims data on 300M+ annual lives, the product displays prices that have been billed instead of millions of meaningless prices. Clarify\u2019s data enrichment methodology uses claims volume to determine utilization and remove “zombie rates,”<\/a> rates that are reported for providers who never have and would never provide certain services. The methodology also maps standard codes to service lines, estimates Medicare payments for those services, and calculates rates as a percentage of the Medicare payment. Additionally, by integrating insights from claims alongside rates data, Clarify adds the critical dimensions of service mix and volume. This enables the display of the weighted percent of Medicare prices (versus straight average) so users can better inform their understanding of the true economics and value delivered.\n<\/p>\n

\nUsers can also compare sourced rates across services, providers, and payers in any given market to quickly receive insight on their competitive negotiated rate standing against their peers. \u201cWell organized price transparency data creates a new and essential category of business intelligence across the industry,\u201d commented Clarify Founder and CEO Jean Drouin, MD. \u201cThe impact goes far beyond payer-provider negotiations. When integrated with referrals, utilization, and quality data, price transparency information unlocks more precise and actionable insights on growth, partnership, and cost-effective choices.\u201d\n<\/p>\n

\nPrice transparency data coverage and quality<\/b>\n<\/p>\n

\nSince 2015, the Clarify Platform\u00ae has been managing massive data sets using big data efficiencies that are commonplace in the consumer and financial industries and provided the perfect infrastructure to handle the size and scale of price transparency data. Clarify has processed, analyzed, and compared data from approximately 5,600 hospitals and all large national payers since the inception of each data set to assess quality differences between the data sets. Here is what we have observed:\n<\/p>\n