Contracting demands data.
Competitive cost intelligence can optimize contract negotiations. Contracted rates for specific procedure codes can vary widely by health plan and state. For example, below are provider rates for knee replacement surgery, sourced from LexisNexis® MarketView™ de-identified claims data. What can this data tell us? With access to 11 million healthcare practitioners, 1.6+ billion annual de-identified medical claims, 1,000+ payers, 165 million unique patients.
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