MD Insider Disrupts Transparency Market With Free Employer Solution

SANTA MONICA, Calif., June 23, 2015 /PRNewswire/ -- MD Insider, a big data health care platform that significantly reduces health care costs for employers and sets a new standard for transparency in physician performance, today announced it is opening up its platform to employers for free, supporting the industry trend that employers should not pay for performance data on physicians. This trend continues to accelerate, with more than 30 carriers such as United Healthcare, Aetna, Cigna, Anthem, providing free transparency tools. The announcement marks the health-tech industry's first leading (non insurance carrier) vendor to move away from the standard Per Employee, Per Month (PEPM) cost model. MD Insider's platform allows employers to provide a premium service to their employees and reduce their overall health care costs by 5-10%.

MD Insider's 'Physician Transparency Platform' is a solution that empowers customers to easily evaluate the highest performing, most cost effective doctors by creating 'Performance Profiles' for over 850,000 doctors based on how many procedures they've done, at what cost and how successful the outcomes were. Their goal is to address the estimated $400 billion of wasted spending associated with overpriced services and unnecessary treatments. 

"This new way of delivering health care solutions to employers, giving it to them for free, is a game-changer and will become the industry standard moving forward," said David Norris CEO of MD Insider. "Until now, other companies have only made attempts at cost transparency services; what we're doing is adding to that by opening up physicians' performance information to employers, and giving it all to them for free."

"Companies are always searching for ways to help their people get the most out of their health benefits," said Joseph Bosch, EVP Human Resources at DIRECTV. "This tool makes it easy for the employee and their dependents to choose the right physicians with the best track record of positive outcomes."

"Our platform is proven to lower employers' overall health care costs as their employees make better informed decisions," said Jason Ader, Executive Chairman of MD Insider. "Now, to provide the service at no cost is a massive boon to employers looking for ways to combat ever-increasing health care costs without sacrificing quality care for their employees."

MD Insider is addressing a market failure where customers are paying high costs for low quality.  The problem results from common inefficiencies in the market such as customers not going to the appropriate doctor, low-performing or low-quality doctors, overly high-priced doctors, low-performing hospitals and medical facilities and extended periods of care.

About MD Insider:
MD Insider is a technology health care company that uses the power of big data to significantly reduce health care costs for employers. By providing Physician Performance Transparency in the areas of experience, quality, and cost, MD Insider enables employers to optimize their physician networks, providing the best quality and lowest cost physicians to their employees.

For more information visit www.mdinsider.com

SOURCE MD Insider

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