Health Plan Alliance Announces Addition of Pareto Intelligence’s Medicare Advantage Market Intelligence Tool to its Group Purchasing Organization
Health Plan Alliance
10/21/2019
A long-time preferred business sponsor of the Alliance, Pareto will now offer a custom version of its Pareto Spotlight solution exclusive to Alliance member health plans through the Alliance Group Purchasing Organization (GPO).
IRVING, Texas, October 21, 2019—The Health Plan Alliance (Alliance), a national organization for provider-sponsored and independently-owned health plan collaboration, today announced an exclusive GPO contract with Pareto Intelligence (Pareto), a healthcare analytics, technology and advisory solutions company, to offer its Pareto Spotlight solution to Alliance member health plans.
With all the sources of publicly available and third-party market data in healthcare, it can be time consuming and administratively burdensome to aggregate and analyze the right information to make strategic decisions. Pareto Spotlight applies advanced analytics to over 300 disparate third-party datasets and benchmarks for the Medicare Advantage (MA) market annually to generate a holistic view of performance and the competitive landscape at the national, state and regional level (by county). This tool saves organizations significant time and effort, provides meaningful insights, and allows health plans to build data-driven product strategies.
Through this partnership with the Health Plan Alliance, Pareto will offer its Spotlight tool at a discounted rate to all Alliance members looking to grow and improve performance in MA. Alliance users will also receive a custom module in the Spotlight tool with additional insights, analytics and trends specific to Alliance member health plans, driving greater collaboration amongst member organizations.
“Providing this exclusive offer from Pareto to our members creates a unique opportunity,” said Jaime González, Alliance chief business development officer. “Pareto Spotlight will give Alliance member health plans year-round access to MA market intelligence, allowing them to better position their products and gain a competitive advantage.”
Beyond Spotlight, Pareto offers many other analytics, technology and advisory solutions to help their 40+ clients (including several Alliance member health plans) activate clinical and claims data, achieve complete and accurate revenue, communicate critical patient information seamlessly, and make more informed strategic decisions. These solutions have led to an average 5:1 return on investment (ROI), with some clients receiving over 20:1 ROI.
“Pareto has been engaged with the Alliance for over five years,” said Brandon Solomon, vice president of client advisory and business development at Pareto. “We look forward to continuing to deliver unique and valuable solutions to provider-sponsored health plans that help the Alliance further its mission.”
For those interested in subscribing to this tool, Pareto is sponsoring and attending the Alliance Fall Leadership Forum, November 5-8, 2019 in Dallas, Texas. Alliance members can also learn more about Pareto and access their GPO contract from their vendor directory listing on the Alliance website.
About Pareto Intelligence
Pareto Intelligence is a leading healthcare technology company modernizing the way health plans and providers succeed in value-based care. We deliver analytics, technology and advisory solutions to help our clients achieve complete and accurate revenue, communicate critical patient information seamlessly, activate clinical and claims data, and make more informed strategic decisions. Our solutions are supported by proprietary algorithms, predictive models, and advanced data science that have identified more than $250 million in financial improvement opportunity, resulting in 5:1 to over 20:1 return on investment for clients. Through this, Pareto demystifies complex healthcare data, and delivers actionable insights to improve outcomes.
About Health Plan Alliance
The Health Plan Alliance is a national organization that brings provider-sponsored and independently-owned health plans together with their health system and provider group leaders for unparalleled peer-to-peer collaboration. For more than 20 years, Health Plan Alliance members have leveraged the collective knowledge of our community to enhance their business acumen and advance the quality of health care delivery in their communities. For more information visit healthplanalliance.org or email info@healthplanalliance.org.
Media contact:
Nicole Fultz
Director, CX and Communications
972-830-8691
nicole.fultz@healthplanalliance.org