Benefitfocus Health Insights Collaborates with Deerhold to Advance Price Transparency in Healthcare
Benefitfocus is proud to announce a strategic relationship with Deerhold, a leading healthcare data technology firm, to integrate price transparency data into its analytics platform. This collaboration enables self-funded health plans to access and analyze negotiated rates for medical procedures across payers—intended to empower smarter, more accountable healthcare spending.
The data, delivered through Deerhold’s PRIZMTM platform, goes beyond the raw payer machine-readable files required under the CMS Transparency in Coverage Final Rule — combining multiple ancillary data sets and proprietary enrichment methods to create an accurate and comprehensive view of negotiated healthcare rates. By incorporating this data into the Health Insights platform, Benefitfocus is helping plan sponsors gain deeper visibility into what they’re paying for care and how those costs compare to market averages.
“This collaboration is a major step forward in our mission to bring clarity and accountability to healthcare costs,” said Traci McGinnis, Vice President of Health Informatics at Benefitfocus. “With Deerhold’s expertise in data extraction and our platform’s analytical capabilities, we’re giving self-funded plans the tools they need to make informed, fiduciary-driven decisions.”
Jeff Gasser, CEO of Deerhold, added, “We’re excited to work with Benefitfocus to enhance the value they’re delivering to their customers through the use of our PRIZM platform. Together, we’re helping plan sponsors turn publicly available rate data into actionable insights that promote smarter, more sustainable healthcare purchasing.”
The integration supports:
- Benchmarking of negotiated rates across payers.
- Procedure-level cost comparisons.
- Enhanced fiduciary oversight for plan sponsors.
This enhancement builds on Benefitfocus Health Insights’ commitment to delivering actionable intelligence to 5,689 employer health plans and four million members nationwide.
About Benefitfocus
At Benefitfocus, a Voya Financial business, our mission is simple: To improve lives with benefits. We are committed to helping organizations, and the people they serve, get the most out of their health care and benefit programs. Through exceptional service and innovative benefits administration technology we help simplify the complexity of benefits and deliver an experience that engages people for better health and improved outcomes. Learn more at www.benefitfocus.com and LinkedIn.
About Deerhold
Deerhold is a digital technology company, delivering SaaS-based healthcare solutions in the U.S. and IT and software development services to companies around the globe. Headquartered in Boston, Deerhold has offices in Kathmandu and Tokyo, and is supported by a robust network of software engineers working from the U.S., Nepal, and Japan. For more information, visit www.deerhold.com
Media Contact:
Erin Dungee
Voya Financial
(860) 580-3952
Erin.Dungee@voya.com
