Knowledge 3-23-16 Flashcards
How and What of Cost Calculations
Claims-based and derived from an ongoing analysis of client-specific claims. The process begins with 12 months of data,
All pricing data is derived from
Change Healthcare’s proprietary algorithms, which leverage allowed amounts and put historical and ongoing claims imports through a custom ETL (extract, transfer, load) process that looks for voids, adjustments and other inaccurate data points for removal.
How Specific? And what happens after Savings Engine mines the data?
Once the data has been scrubbed, our Savings Engine mines the data to identify a specific price (by plan and network), at a specific provider, for a specific service.
Price shown is the _________ amount?
Allowed
Allowed Amount
The total price paid to that provider for the service or prescription, for the member’s (user’s) specific network(s).
The Price or Costs are specific to?
Plan & Network
How Does Platform Display Price?
Platform shows the total cost for the service or prescription, with a break out of user’s cost and plan cost, based upon the user’s benefit plan and deductible status.
When network-specific pricing is unavailable?
Data from the surrounding region is used to determine an average expected cost.
From Internal Audits
95% within 5%
User or member cost is based on?
Users benefit plan & deductible status
How often is data refreshed?
Agreed upon frequencies
Accumulator files for benefit status
Typically provided on a weekly basis. But, for many health plan clients, we utilize EDI 270/271 transactions for real time accumulator information.
Cost data for Rx-where from?
claims, PBM supplied pricing lists, and generic saving program lists from pharmacy chains.
Pharmacy–area of differentiation
The frequency with which we intake claims data from the PBM. Claims are received and processed every other week to ensure the most accurate cost information, rather than monthly or bi-annually as is true of other transparency companies.
Pharmacy
We have the most experience in the transparency industry in managing pharmacy claims and in algorithms to identify opportunities for savings.
Reporting Frequency
Tied to the stage of the customer in the implementation process