Unlocking the Value of Healthcare Data
ACAP Health is a wellness subsidiary of brokerage Holmes Murphy & Associates. We discussed the value of different forms of healthcare data, data-driven opportunities for brokers and employers, and ACAP’s recently established SimplePay Health.
Patients pay a lower SimplePay amount when they seek care from the highest quality providers. By providing simplified transparency on the highest quality providers, we improve outcomes and lower cost for employers and patients by up to 20 %.
Finally, we have completely transformed the massively wasteful claim billing process within our industry into a new retail model. Patients will never receive bills from providers and statements from insurance companies again.
We believe it will be important for brokers to continue to advise their clients on ways to simplify the insurance design. This includes looking carefully at what has worked and what has not in the past. Americans are really good at being consumers. We just haven’t had the tools to support them until now.
We think this is our chance to create needed transformation in our industry and are incredibly grateful for the many that have joined our simplicity movement.