WAYNE, PA — PurpleLab® has announced a new strategic partnership aimed at transforming healthcare pricing transparency through the launch of a trusted price intelligence solution suite. This initiative combines PurpleLab’s data expertise with Lime Tree Health’s comprehensive hospital pricing data and Payerset’s advanced price transparency capabilities, creating a powerful platform for tackling cost complexities in healthcare.
The solution provides a detailed, validated view of healthcare prices across providers, payers, and geographic regions. This transparency enables all stakeholders, from health systems to pharmaceutical companies, to make smarter, data-driven decisions about pricing and care.
“This partnership marks a significant milestone in our mission to deliver actionable healthcare intelligence,” said Mark Brosso, CEO of PurpleLab. “By integrating Lime Tree Health’s pioneering hospital pricing data into our platform alongside Payerset’s industry-leading price transparency capabilities, we’re setting the stage to make pricing intelligence accessible and actionable for everyone in healthcare.”
Benefits of the Solution
The platform offers a range of benefits tailored to the needs of healthcare stakeholders:
- Health Systems can use it to optimize revenue cycle management, refine contract strategies, and improve budgeting and resource allocation.
- Payers gain tools to refine payment models, develop competitive benefits packages, and negotiate fairer reimbursement rates.
- Pharmaceutical Companies can better inform market access strategies and value-based pricing models, supporting the economic value of their products.
- Clinical Care Organizations are empowered to guide patients toward cost-effective care options and improve care coordination.
Jacob Little, Chief Commercial Officer of Payerset, emphasized the significance of the collaboration, stating, “Our goal is to deliver the transparency that creates fairness across the entire healthcare ecosystem, and teaming up with PurpleLab will help us achieve that vision.”
A Comprehensive View of Healthcare Pricing
By bringing together Lime Tree Health’s hospital pricing data and Payerset’s transparency tools with PurpleLab’s HealthNexus™ platform, which aggregates over 50 billion medical and pharmaceutical claims representing 330+ million patient lives, the partnership ensures a full-spectrum view of healthcare costs. This includes insights into payer coverage policies, historical and predictive pricing trends, and their impact on patient access and affordability.
Looking Forward
With this innovative initiative, PurpleLab and its partners are poised to set new standards for healthcare pricing intelligence. The collaboration empowers healthcare organizations to take proactive steps in managing costs, ensuring fairness, and improving financial and clinical outcomes. This partnership signals a pivotal step toward greater transparency, accountability, and equity in healthcare decision-making.
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