Zelis® Launches Reference-Based Pricing Solution that Prioritizes Members, Aligns Member Experience and Cost Containment

2023-05-15 20:58

BEDMINSTER, N.J.--(BUSINESS WIRE)--May 15, 2023--

Zelis, a healthcare technology company modernizing the healthcare financial experience for all, today announced the launch of its new open access pricing solution. Self-funded employers, which represent 65% of U.S. workers, often struggle to sustain the cost of traditional health plan premiums, and existing solutions are often fragmented and have not delivered a satisfactory experience for members in accessing and navigating care.

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3 key components of Zelis Open Access Pricing (Graphic: Business Wire)

To overcome these challenges, third-party administrators need to bring alternative strategies to stabilize claims costs, improve provider accountability related to rising fees, and free patients from network limitations.

Zelis Open Access Pricing ℠ is a reference-based pricing (RBP) solution that empowers self-insured employers and third-party administrators to put their members’ experience first while also stabilizing rising healthcare costs.

The new solution allows clients to set maximum reimbursement amounts using pre-defined prices which allows for more predictable cost forecasting. At the same time, Zelis Open Access Pricing employs a member advocacy team that provides pre-service member education, navigation support, provider contracting support, balance bill resolution, and legal escalation support to ensure seamless interactions among payers, providers, and members. The technology-enabled solution includes modeling and analytics, contract management, and performance reporting, as well as a price and provider transparency application to drive member adoption.

“By combining Payer Compass with Zelis, we have joined advanced technology and best-in-class approaches to create this RBP solution to managing rising healthcare claims costs for clients and their members,” said Amanda Eisel, Zelis CEO.

Zelis Open Access Pricing gives members the freedom to choose their preferred healthcare providers, and offers fair, established pricing benchmarks that keep medical expenses under control.

“TPAs and self-funded groups want reference-based pricing for lower claims costs, configurable options, more predictable healthcare cost forecasting, and more,” said Rick Ellsworth, SVP, GM Payer Compass at Zelis. “We are excited to bring to market a fully integrated solution that fits their needs and enhances the experience for their members.”

To learn more, visit www.zelis.com.

About Zelis

Zelis is modernizing the healthcare financial experience by providing a connected platform that bridges the gaps and aligns interests across payers, providers, and healthcare consumers. This platform serves more than 700 payers, including the top-5 national health plans, BCBS insurers, regional health plans, TPAs and self-insured employers, and millions of healthcare providers and consumers. Zelis sees across the system to identify, optimize, and solve problems holistically with technology built by healthcare experts – driving real, measurable results for clients. Learn more at Zelis.com and follow us on LinkedIn to get the latest news.

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CONTACT: Media ContactThuy-An Wilkins

Sr. Director of Media Relations and Communications for Zelis

908.389.8756

press@zelis.com

KEYWORD: NEW JERSEY UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY MANAGED CARE GENERAL HEALTH PROFESSIONAL SERVICES HOSPITALS PAYMENTS HEALTH HEALTH TECHNOLOGY OTHER TECHNOLOGY BUSINESS SOFTWARE OTHER HEALTH NETWORKS OTHER PROFESSIONAL SERVICES MOBILE/WIRELESS DATA MANAGEMENT PRACTICE MANAGEMENT

SOURCE: Zelis

PUB: 05/15/2023 08:30 AM/DISC: 05/15/2023 08:30 AM

http://www.businesswire.com/news/home/20230515005124/en