New suite of tools, analysis, and data intelligence empowers healthcare and medical organizations to unlock competitive advantages and identify strategic growth opportunities.

Mathematica, a leading provider of data analytics, research, operations services, and digital solutions, today announced the launch of PricePrism, a comprehensive suite of price intelligence tools, analysis, and data intelligence services for professionals and organizations in healthcare, including providers, physician practices, and medical associations, colleges and societies.

Group health plans and health insurance issuers are required to disclose price data as part of federal Transparency in Coverage mandates. PricePrism surfaces strategic insights from these data and helps clients turn them into strategic intelligence to create opportunities, enhance positioning, drive growth, boost advocacy and advance research.

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PricePrism offers three integrated service components:

  • Market Intelligence Tools: Sophisticated data visualization and analyses that enable users to identify untapped market opportunities, benchmark payer prices in particular regions (or against national standards), and explore potential service line expansions.
  • Expanded Data Access: Comprehensive access to data from national and regional health plans, provider-specific Medicare rates, and Medicare and Medicaid claims data.
  •  Data Insights: Hands-on guidance from Mathematica data analytics and policy experts to develop and implement data-driven growth strategies.

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“Organizations in many areas of healthcare are seeking competitive advantages in an increasingly complex marketplace, and they need sophisticated intelligence tools that go beyond basic data,” said Andrew Hurwitz, Mathematica’s Executive Director for Healthcare & Life Sciences. “PricePrism combines Mathematica’s decades of healthcare research and policy expertise with cutting-edge analytical capabilities to help providers identify opportunities, strengthen market position, and drive strategic growth.”

Driving Value Across Healthcare Organizations

PricePrism serves the distinct strategic needs of various healthcare stakeholders, including:

  • Medical Associations, Societies, Colleges: Enhancing education, advancing research, and boosting advocacy on behalf of members, as well as increased member value through comprehensive market intelligence, improved negotiations with payers, and data-driven insights that help member organizations identify growth and expansion opportunities.
  • Healthcare Systems and Hospitals: Market opportunity identification, competitive intelligence, and service line expansion analysis to drive growth and enhance market position.
  • Physician Practices: Strategic insights for market positioning, negotiating with payers, competitive benchmarking, and identifying opportunities to expand service offerings and improve market share.

“Market intelligence is fundamentally reshaping how healthcare organizations identify opportunities, advocate for themselves and their members, and drive growth,” added Hurwitz. ” PricePrism provides exactly that intelligence advantage.”

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Source- PR Newswire