The partnership integrates Claritev’s innovative solutions with Lantern’s Specialty Care Platform to optimize healthcare costs for Lantern’s footprint.
Claritev Corporation, a technology, data and insights company focused on making healthcare more affordable, transparent and fair for all, announced an agreement with Lantern, a Specialty Care Platform that helps employers reduce costs and improve health outcomes for surgery, cancer and infusions care. This strategic partnership brings together Claritev’s award-winning BenInsights and HST Connect solutions with Lantern’s Network of Excellence and TrueRate savings methodology to create a powerful solution for healthcare cost optimization that ultimately lowers costs in the healthcare ecosystem.
This collaboration builds upon previous joint research, enabling Claritev and Lantern to provide enhanced value to employers, as well as the healthcare services that patients receive through data-driven surgical cost analysis and healthcare cost optimization.
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“This partnership is another step forward in Claritev’s transformation journey,” said Travis Dalton, Chairman, CEO and President of Claritev. “Lantern shares the same commitment as Claritev – to improve healthcare affordability and transparency in the U.S. Our previous collaboration with them on surgical episode costs reinforced what an impactful partnership this is, and we look forward to delivering meaningful savings for employer groups while increasing the quality of care a patient receives.”
Claritev and Lantern will combine Claritev’s data capabilities with Lantern’s surgical bundling methodology to provide enhanced value through validated cost optimization opportunities in two ways:
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- Enhanced Data Analytics with BenInsights – Claritev’s comprehensive platform unifies financial and clinical data to deliver a 360-degree view of healthcare spending patterns and benefit plan design through configurable reporting and Smart Card technology. With added access to Lantern’s surgical network, BenInsights will provide clients with unprecedented visibility into surgical cost variations and concrete opportunities for optimized care pathways and substantial savings.
- Optimized Patient Steering with HST Connect – Claritev’s HST Connect will integrate Lantern’s surgical network and services to help guide patients to high-quality, cost-effective providers to enhance patient experience and improve patient care.
“Surgery is 20% of an employer’s health spend, but the pricing for those episodes has been nearly impossible to unpack. We published our TrueRateT savings methodology to increase transparency and encourage the market to adopt our repeatable formula as the new industry standard,” said Dickon Waterfield, President of Lantern. “Our partnership with Claritev allows us to transform those innovative insights into actionable tools that will deliver even more specialty care cost savings for our clients.”
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Source – businesswire
