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SmartLight Analytics joins forces with Health Transformation Alliance
Partnership aims to to reduce healthcare costs for some of the nation's largest employers
SmartLight brings a new level of depth in analytical, clinical and data expertise to HTA member companies. The partnership could save millions, if not billions, in spending for HTA members at a time when healthcare costs are predicted to rise dramatically in a post-pandemic environment. With more than 50 of America's largest companies a part of HTA, the joint agreement with SmartLight to work with its members could shake up the industry by exposing the fraud, waste and abuse that has existed in the U.S. healthcare system for years.
HTA aims to combine the purchasing power and talent of its members to improve health outcomes and get superior value for the healthcare investment made within its members' self-funded employee healthcare plans. Its membership includes some of America's largest corporations including American Express, Quest Diagnostics, IBM, Prudential, Pitney Bowes, The Hartford, and The Coca Cola Company. SmartLight Analytics brings to the HTA the ability to take a deep dive into the corporations' employee healthcare claims. Using inferential analytics that does not presuppose data outcomes or require knowledge of schemes beforehand, SmartLight can identify wasteful spending which employers and third-party administrators may not know exists.
"HTA members appreciate our focus on fraud and our carrier-friendly approach to not only finding issues but resolving them and preventing them from reoccurring,"