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MyMedicalShopper Named as Finalist in Validation Institute’s 2020 Health Value Awards

Healthcare Price Transparency Platform Recognized by Peers for Advancement of Consumer-Driven Marketplace

Portsmouth, NH – February 4, 2020 – MMS Analytics, Inc. dba MyMedicalShopper, a leading provider of healthcare price transparency solutions, has been named a peer-reviewed finalist for the Validation Institute’s 2020 Health Value Award. The Health Value Awards recognize outstanding “services, products, and programs across 30+ categories” across the entire healthcare industry.

“We are honored to be recognized by our colleagues in the healthcare industry, and are humbled to be part of such a prestigious group of businesses and organizations,” says MyMedicalShopper co-founder and CEO, Mark Galvin. “It’s a testament to all the hard work of our team, and our commitment to empowering a consumer-driven healthcare industry.”

Winners will be announced live at the Health Value Awards Ceremony at the Wardman Park Hotel in Washington, D.C. on Sunday, March 29, 2020. Attendees can register for this event at https://www.eventbrite.com/e/health-value-day-health-value-awards-registration-90204420851

“It is with great pleasure we announce the first round of Health Value Award finalists. Participating in the Health Value Awards demonstrates healthcare companies and providers are not only committed to providing high-quality, value-based healthcare, but are ready to lead the industry in a new, exciting, and necessary direction,” says RD Whitney, CEO of Validation Institute.

In addition to being named a finalist, MyMedicalShopper co-founder and CEO Mark Galvin will be featured at the awards event, speaking on consumer-driven health plans and how employees can be the driving force behind health benefits and costs.

MyMedicalShopper is a comprehensive platform for employers designed to drive down the cost of healthcare while improving employee benefits. The platform includes the nation’s leading medical price transparency tools for employees, dynamic rewards programs, and robust analytics packages for employers.

MyMedicalShopper has been validated by the Validation Institute, an independent, objective, third-party organization focused on changing healthcare. Validation Institute verified that MyMedicalShopper has a credible impact on healthcare costs and delivers on its promises to clients.

About MyMedicalShopper

MyMedicalShopper is available through benefit brokers and consultants serving both the fully insured and self-funded employer markets. MyMedicalShopper provides a comprehensive platform for employers who want to take control of their healthcare costs and empower their employees with a tool that makes shopping for medical care as easy as a Google search.

MyMedicalRewards™ provides a dynamic HRA or HSA funding mechanism that drives good consumer behavior even when employees are spending employer dollars. It combines reference-pricing models with the MyMedicalShopper shopping experience to reward employees for choosing low-cost, high-quality medical care, thus reducing medical claims.

MyMedicalShopper’s Employer Dashboard provides CEOs, CFOs, and HR leadership with direct visibility into their group’s claims experience, engagement with MMS programs, and realization of savings. MyMedicalMetrics™ is an enhanced feature of this dashboard—a robust claims analytics package that shows employers exactly how their employees are victimized by hidden pricing, inadvertently driving up their own costs and overall claims experience for the group. Employers can use this new information to team up with their employees, identify specific savings opportunities, and build targeted campaigns that drive meaningful behavior change and claims reduction for their groups.

ClaimsFlow automates much of the administrative burden and error-prone human processes involved in adjudicating employee reimbursements for CDH accounts. Participants can leverage connections to more than 100 insurance carrier and health plan member portals to facilitate rapid adjudication of claim reimbursements and automatic substantiation of debit card transactions.

About MMS Analytics, Inc. (www.MyMedicalShopper.com) 

MMS Analytics, Inc. dba MyMedicalShopper™ is a big data company on a mission to revolutionize healthcare. The company was started out of the need to bring transparency to consumers and the companies who provide healthcare benefits to their employees—providing the leverage needed to make solid decisions on their healthcare and improve their quality of life. Consumers previously unaware of price variations in procedures and testing can utilize real-time health insurance plan pricing information that makes it possible to choose care based on price, quality, and convenience. Experts document that as much as $1 trillion could be slashed annually from the cost of healthcare in the U.S. MyMedicalShopper aims to transform the healthcare industry into a fair market for consumers.

Contacts:

MyMedicalShopper

Mark Galvin

(603) 610-8100

mark@mymedicalshopper.com


MyMedicalShopper Provides Response to DHHS Request for Public Comments on Proposed Transparency in Coverage

MMS provides insight on how to make cost-sharing information available to consumers to inform their care decisions and lower healthcare costs.

Portsmouth, NH – January 13, 2020 – MMS Analytics, Inc. dba MyMedicalShopper, the leading provider of healthcare price transparency solutions, submitted a detailed response to the U.S. Department of Health and Human Services regarding proposed rulemaking to “give consumers personalized, real-time access to cost-sharing information,” shedding light on the secret world of healthcare pricing and empowering consumers to make more informed care decisions.

The “Transparency in Coverage CMS-9915-P” rule requires most group health plans and issuers to give participants personalized access to provider pricing, including an estimate of negotiated in- and out-of-network cost-sharing liability, via an online tool or paper, upon consumer request. The proposed rule would make consumers fully aware of their insurance issuer’s negotiated prices before receiving care to compare provider costs, include pricing in their decision-making, and promote more competition in the healthcare industry to lower cost.

“This rule would finally put an end to the secret pricing in healthcare and create a fair marketplace for consumers,” said Mark Galvin, President and CEO of MMS Analytics, Inc., the creator of MyMedicalShopper. “For the past six years MyMedicalShopper has provided users with unparalleled access to negotiated pricing information via its responsive web design (RWD) and mobile application—exactly like those proposed in the new rules. We’re excited to share our expertise with these agencies to ensure consumers have access to the tools and information needed to make better-informed healthcare decisions.”

MyMedicalShopper’s public comments are available on its website. To review the full rule and public comments, please visit Regulations.gov.

MyMedicalShopper is a comprehensive platform for employers designed to drive down the cost of healthcare while improving employee benefits. The platform includes the nation’s leading medical price transparency tools for employees, dynamic rewards programs, and robust analytics packages for employers.

MyMedicalShopper is available through benefit brokers and consultants serving both the fully insured and self-funded employer markets. The platform integrates with over 120 health plan member portals providing real-time deductible tracking, in- and out-of-network facility information, and other personalized plan details to help employees manage out-of-pocket expenses and plan for future procedures.  

MyMedicalShopper empowers employers and their employees to take control of their healthcare costs on over 10,000 medical tests and procedures tests by making it easy to shop for low-cost, high-quality medical care. 

About MMS Analytics, Inc. (www.MyMedicalShopper.com

MMS Analytics, Inc. dba MyMedicalShopper™ is a big data company on a mission to build technology, products, and services to drive meaningful savings from the cost of healthcare in the United States. The company was founded on the belief that fixing the broken healthcare marketplace required a focus on the alignment of financial incentives, medical price transparency, and the reduction of administrative overhead. The company empowers employers and their employees with the ability to choose care based on price, quality, and convenience with unprecedented access to the previously secretive prices negotiated between insurance carriers and providers. Experts document that as much as $1 trillion could be slashed annually from the cost of healthcare in the United States. MyMedicalShopper aims to help transform the healthcare industry into a fair market for consumers.

Contacts:

MyMedicalShopper

Mark Galvin

603-610-8100

mark@mymedicalshopper.com

MMS Analytics, Inc. Public Comment on Transparency in Coverage CMS-9915-P

Our organization has been in the business of delivering price transparency to medical consumers for six years. Our website allows users to shop for more than ten thousand medical tests and procedures, review the alternatives across more than one hundred thousand medical providers, and choose the care that best meets their needs based on the merits of cost, quality, and convenience. We have existing relationships with hundreds third-party administrators, medical benefits brokers, industry clearinghouses, and other advisors. Among our many sources of post-adjudicated claims data are several state all-payer claims databases (APCDs), private payers, and our users. We believe that we have the largest database of post-adjudicated medical claims used for this purpose in the country.

On page 34, the Departments state that the negotiated rate must be provided “…to the extent necessary to determine the participant’s, beneficiary’s, or enrollee’s cost-sharing liability.” Disclosure of these amounts, notwithstanding their applicability to determining the individual’s cost-sharing amount, should be required in all cases.

Nearly half of the national spend on healthcare is incurred by the most expensive 5% of patients. Regardless of health plan design, the most expensive of these patients will satisfy all deductible and out-of-pocket amounts required under their plan and incur no personal incremental cost for additional medical care. Without the requirement to display negotiated rates in all cases, these individuals will have no insight into the true cost of care, which is a disservice to themselves, their employer, and others whose premiums are based on the same risk pool.

The impacts of the exceptionally high cost of healthcare in this country go far beyond out-of-pocket liability. In the case of employer-sponsored plans where employers fund a portion of ever-rising premiums, it means less cash compensation for employees and decreased capacity for investment in the business. In the case of individual marketplace plans, it means exorbitant year-over-year increases in premiums borne in some cases by taxpayers when premium subsidies are offered.

If we have truly done away with the fiction that network-negotiated rates for care are confidential and proprietary, and this information is being made available in machine- readable format for public use, then this information must be shown on all requests for price made by consumers. Without it, even the most motivated consumer cannot exercise full control over their purchasing power.

On page 46, the Departments solicit comment regarding other refining and reordering functionality that should be required of the internet-based self-service tools. Other valuable refining and reordering features should include an ability to display only in- network providers and an ability to filter or sort by provider quality if a quality metric is made available.

On Page 48, the Departments seek comment regarding the value or necessity of mobile applications in delivering an internet-based self-service tool and the relative resource requirements for developing such and application. Mobile applications, and at minimum, a web platform with fully responsive web design (RWD), from which users can access negotiated rate and cost-sharing liability amounts are imperative to the goals of this administrative rule.

Consider, for example, the case where a patient has scheduled a visit with their primary care physician (PCP) to discuss an issue which will require a specialist referral and further diagnosis and treatment procedures. In this fleeting moment when patients are in the presence of their PCP, they are best able to make informed decisions for their continuing healthcare needs based on the merits of cost, quality, and convenience. Requiring mobile applications, integrated with the particularities of their health plan, would mean that network and personalized cost information are at the patient’s fingertips and can be used to weigh their options and select a provider for follow-on care that meets their specific needs.

Furthermore, it is essential to provide access to this critical information to the patients while they are with their doctors in order to preserve the integrity of the patient-doctor relationship. Decisions about care should not be pushed onto patients alone. Mobile access to the application ensures that patients can make decisions based on cost, quality, and convenience with the input and consideration of their trusted doctors.

Using the proper architecture for a browser-based website, namely a responsive web design (RWD), would ensure that the additional resources necessary to create a mobile application would be negligible. The additional efficiencies created for patients and providers far outweigh the additional development and maintenance costs of a mobile application.

On page 50, the Departments seek comment regarding whether additional methods of providing information, besides the internet-based self-service tool and requests by mail, should be required. Given the volume of information that a given request could produce and the potential complexity of the information, which may include several line items for bundled services, each with their respective negotiated rate, estimated member responsibility, pre-requisites to care, and disclaimers, responses should be in written form. This would preclude providing information over-the-phone or in-person. Other media in which responses should be required to be distributed, if desired by the consumer, include email and facsimile.

On page 66 the Departments requested comment on the potential benefits of requiring the charged amount to be a required field of the Allowed Amount File. Consumers would benefit from this data field being included in the Allowed Amount File. Hospitals and other providers often express their cash-pay rates as a percentage discount from the chargemaster rate. Third-party companies could use this information, compiled from the machine-readable Allowed Amount Files contemplated in this rule from one or more entities, to develop an application to display cash-pay rates to consumers. Consumers could use this information if they were uninsured, or if they wanted to seek care outside of their network based on the services available from, or quality of, a certain out-of-network provider. In this way, consumers could perform a meaningful cost-benefit analysis including desirable options which would have otherwise been unknowable.

Consider, for example, a patient from New Hampshire, who purchased insurance with a network composed almost entirely of NH-based providers. There are only 31 hospitals in the state, none of which would be considered world-class facilities. Nationally, there are dozens of world-class facilities, performing cutting-edge medical research in every specialty. This patient from NH could use a tool like the one proposed above to see cash pay rates from providers like the Mayo Clinic, which publicly advertises the availability of discounted cash pay rates which are available for uninsured or underinsured patients who require care based on medical necessity.

On pages 67 and 68, the Departments seek comment on the proposed 90-day reporting period for plan allowed amounts for out-of-network care. Given that this allowed amount will have much more to do with the plan design than the charged amount, since there are no negotiated rates for out-of-network care, this reporting period should be stretched beyond 90 days to at least 180 days. The longer the period, the more likely there will be 10 or more observations of a given combination of out-of-network provider and service, which the Departments have determined is sufficient to protect patients from reidentification.

On pages 68 and 69, the Departments request comment regarding potentially setting the minimum claims threshold higher than 10, perhaps to 20. The CMS Cell Size Suppression Policy, which dictates in part the standards that must be met by CMS data users to mitigate the risk of individual reidentification, require reporting to be suppressed on any value that was aggregated from fewer than 11 records. This standard has been in place in relation to the use of CMS data for at least 10 years and hasn’t required revision in that period. A higher minimum claims threshold is not necessary to prevent reidentification. Additionally, raising this threshold will not substantially change the complexity in complying with this rule. If the underlying source information has been organized in a way that enables querying for cells with 20 or more records, it can be queried for cells with 10 or more records.

On page 71, the Departments request comments regarding whether the machine- readable files should be combined into a single file to ease maintenance requirements for plans and issuers. Given that the field definitions in each file as they are proposed are dissimilar and these files would likely be generated from different sources, these files should remain separate. The additional burden of generating or ingesting a single file with dissimilar data but standard definitions for each field is not substantially different from generating or ingesting two files with homogeneous data and standard definitions.

On page 72, the Departments request comment regarding the internet location of the machine-readable publicly available Negotiated Rate and Allowed Amount Files. Plans and issuers should be required to notify CMS of the web address(es) at which these files can be found, which CMS in turn will publicize. Allowing plans and issuers to select their own location for these files, when there is no requirement to publicize that location, creates a very substantial burden on innovators and other potential users. This location could presumably change each month. Furthermore, innovators wouldn’t necessarily know who was in compliance and was hosting a file or when they had collected files from all issuers and payers in compliance. In contrast to the other requirements of the rule, the additional burden of notifying CMS of the location of their file is insignificant, especially if the location does not change from monthly update to monthly update.

On page 73, the Departments request comments regarding the frequency of updates that should be required for the Negotiated Rate File. The proposed 10-day period in which plans and issuers must update negotiated rate information seems reasonable. Allowing plans and issuers more time to update this information would result in the information becoming stale and difficult for patients to rely on when making decisions about their care. A requirement to update Negotiated Rate Files more frequently than 10 calendar days would be more useful for patients, but we recognize that it could create undue burden on plans and issuers to comply. As such, we believe the proposed rule of 10 calendar days seems reasonable.

On page 77, the Departments solicit comment on the merits of a publicly accessible API to access negotiated rates and out-of-network allowed amounts in place of the machine-readable files. The additional certification and interoperability burdens of APIs are not offset by their proposed benefits. Even with strictly defined standards, most entities would struggle to implement and support the APIs as proposed, mitigating the benefits of APIs to innovators and other developers. Furthermore, the difference between having completely up-to-date pricing information as compared to pricing information which is at the most 30 days old is marginal. The Departments should certainly refrain from requiring such APIs. While some entities may decide to create APIs to transmit this information, the format of the machine readable files contemplated in this NPRM should be required as proposed.

On pages 97 and 98, the Departments pose several questions regarding the complementary nature of quality metrics to the goal of increasing price transparency. Displaying quality metrics alongside pricing information on the internet-based self- service tools is critically important. The price and quality of care are totally unrelated. Naïve users may infer that low-cost facilities who offer the care they need are of poor quality, while expensive alternatives are of comparatively higher quality, which would have the unintended and damaging effect of increasing the amount spent on care. This is a mindset that comes naturally to consumers today given that higher prices in nearly every other category of goods—for example, cars, snow shovels, or televisions—imply a correspondingly higher value. However, the market for healthcare is not currently transparent, consumers have not been able to effectively navigate and shop the healthcare marketplace, and prices do not conform to expectations of markets for other goods. Furthermore, users should be empowered to avoid low-quality facilities, no matter their cost, as the market evolves to serve a discerning, price-conscious consumer.

Selecting and/or designing an appropriate metric to gauge provider quality presents several challenges. Outcomes-based metrics tend to penalize providers who treat the most complex cases. Continued focus on risk-adjustment measures is likely to make this category of quality metrics the most useful. Process measures can be too rigid in defining the appropriate course of care which may not be appropriate to treat certain individuals. Structural measures only attempt to measure the right conditions in which quality care is likely to be delivered rather than measuring the care at all. Plans and issuers should have the freedom to select a quality metric that they believe best serves their population. All of the organization and government generated quality measures mentioned in the text should be options for reporting quality, as should measures that attempt to develop composite scores, or measures that are proprietary in nature.

On page 113, the Departments write “Transfers from providers to consumers and issuers of approximately $128 million per year as a result of lower medical costs for issuers and consumers by allowing issuers to share with consumers the savings that result from consumers shopping for care from lower-cost providers.” In comparison to the costs to develop and implement these transparency systems, this number is unimpressive. The true potential for such a comprehensive set of tools if consumers actually engage with them is in fact much higher. Out-of-pocket expenditures plus private health insurance expenditures in 2018 totals $1.6 trillion. If 5% of consumers engage with these tools and are able to reduce the cost of their care by 5%, there would be $4 billion in savings created. If 25% of consumers engage with these tools and are able to reduce the cost of their care by 10%, there would be $40 billion in savings created. If 100% of consumers engage with these tools and are able to reduce the cost of their care by 20%, there would be $320 billion in savings created. None of these figures consider changes to the competitive landscape in the healthcare market, which will see providers competing for volume in a market with transparent prices. Plans and issuers that are truly incented to negotiate the lowest prices possible with providers could result in a market that behaves much more efficiently overall, driving additional savings that are entirely separate from the savings driven from actual shopping activity by healthcare consumers.

MyMedicalShopper’s Comparison Shopping Platform Receives Independent Program Validation from the Validation Institute

Platform Determined to Produce Measurable ROI and Significant Healthcare Cost Savings

Portsmouth, NH – August 28, 2019 – MMS Analytics, Inc. dba MyMedicalShopper, the leading provider of healthcare price transparency solutions, announced that its MyMedicalShopper™ Mobile Price Transparency solution, has been validated by the Validation Institute, an independent, objective, 3rd party organization focused on changing health care.

MyMedicalShopper is a comprehensive platform sold to employer groups that is designed to drive down the cost of healthcare while improving employee benefits. With MyMedicalShopper, employees previously unaware of the wild variations in prices for medical procedures and testing can choose care based on price, quality, and convenience with unprecedented access to the previously secretive prices negotiated between insurance carriers and providers. The company’s analysts estimate that roughly 41% of an employer’s annual healthcare spending could be saved if employees shop for their care and selected lower-cost high-quality providers.

“It’s an honor to receive this validation for MyMedicalShopper from the Validation Institute. Their independent verification of our customer’s claims gives prospective insurance brokers and employers confidence in MyMedicalShopper’s ability to generate healthcare claims savings, and further enhances our credibility in the market,” says MyMedicalShopper co-founder and CEO, Mark Galvin.

 “The Validation Institute only validates high-quality programs that deliver proven results that reduce healthcare spending. MyMedicalShopper was found to have a credible impact on healthcare costs and delivers on its claims,” says RD Whitney, CEO of Validation Institute.

MyMedicalShopper is available through benefit brokers and consultants serving both the fully insured and self-funded employer markets. The platform integrates with over 100 health plan member portals providing real-time deductible tracking, in- and out-of-network facility information, and other personalized plan details to help employees manage out-of-pocket expenses and plan for future procedures.  

MyMedicalShopper empowers employers and their employees to take control of their healthcare costs on over 10,000 medical tests and procedures by making it easy to shop for low-cost, high-quality medical care. 

About MMS Analytics, Inc. (www.MyMedicalShopper.com) 

MMS Analytics, Inc. dba MyMedicalShopper™ is a big data company on a mission to build technology, products, and services to drive meaningful savings from the cost of healthcare in the United States. The company was founded on the belief that fixing the broken healthcare marketplace required focus on the alignment of financial incentives, medical price transparency, and the reduction of administrative overhead. The company empowers employers and their employees with the ability to choose care based on price, quality, and convenience with unprecedented access to the previously secretive prices negotiated between insurance carriers and providers. Experts document that as much as $1 trillion could be slashed annually from the cost of healthcare in the United States. MyMedicalShopper aims to help transform the healthcare industry into a fair market for consumers.

To learn more or schedule a demonstration visit: https://mmsanalytics.com/about-us/contact-us/request-a-demo/.  

About Validation Institute. (www.validationinstitute.com)

Validation Institute is an independent, objective, 3rd party organization on a mission to improve the quality and cost of healthcare. Based in Portsmouth, N.H., the organization is made up of a network of health benefits purchasers, health benefits advisors, and healthcare solution providers focused on delivering better health value and stronger outcomes than conventional healthcare.

Contacts:
MyMedicalShopper

Mark Galvin

603-610-8100

mark@mymedicalshopper.com

NueSynergy Partners with MyMedicalShopper to Bring Innovative Cost-Saving Tools to its Clients

MyMedicalShopper’s healthcare price transparency and cost savings tools will integrate with NueSynergy’s platform to help employers reduce healthcare costs

Portsmouth, NH and Leawood, KS – July 9, 2019 – MMS Analytics, Inc. dba MyMedicalShopper, a leading provider of healthcare price transparency solutions, and NueSynergy, an industry leader in consumer-directed healthcare solutions and employee benefits administration based in Kansas, are partnering to give consumers more choice and control with respect to their healthcare spending. Today the companies announced the partnership, making MyMedicalShopper’s advanced healthcare price transparency software and cost-saving employer tools available to NueSynergy’s clients.

NueSynergy can now offer MyMedicalShopper’s suite of products, which bring cutting-edge price transparency technology, robust claims analytics, and streamlined administration to employers and their employees. MyMedicalShopperTM, MyMedicalRewardsTM, and their powerful MyMedicalMetricsTM employer analytics package are now available to NueSynergy’s entire client base and can be integrated with their administrative platform and member portals for consumer-directed health accounts.

“We are excited to be partnering with NueSynergy to bring integrated solutions to their clients to help them take control their healthcare costs,” says MyMedicalShopper co-founder and CEO, Mark Galvin. “We look for partners who work hard to find innovative solutions for their customers’ biggest issues. By collaborating with creative third-party administrators (TPAs) like NueSynergy, we can empower consumers to reverse the trend of rising healthcare costs for businesses and their employees alike.”

For NueSynergy, this new offering is a significant step towards an improved health benefits environment for their pre-tax flexible benefit clients and a complete service offering for those clients with consumer-driven health plans (CDHP).

“We pride ourselves on taking a customer-focused, technology-driven approach for each client’s needs and bringing them customized solutions to help them control costs and reach their goals,” says Josh Collins, President of NueSynergy. “As a full-service TPA, we’re constantly looking for consumer-friendly tools to help clients make more value-driven healthcare decisions. We’re excited to combine our top-notch consumer-directed health accounts with the MyMedicalShopper solution for our benefit consulting partners and our clients.”

About MyMedicalShopper

MyMedicalShopper is a comprehensive platform for employers designed to drive down the cost of healthcare while improving employee benefits. The platform includes the nation’s leading medical price transparency tools for employees, dynamic rewards programs, and robust analytics packages for employers. With MyMedicalShopper employers can take control of their

healthcare costs and empower their employees with a tool that makes shopping for high- quality medical care as easy as a Google search. MyMedicalShopper is available through benefit brokers, consultants, and third-party administrators (TPA’s) serving both the fully insured and self-funded employer markets.

About MMS Analytics, Inc. (www.MyMedicalShopper.com)
MMS Analytics, Inc. dba MyMedicalShopperTM is a big data company on a mission to revolutionize healthcare. The company was started out of the need to bring transparency to consumers and the companies who provide healthcare benefits to their employees—providing the leverage needed to make solid decisions on their healthcare and improve their quality of life. Consumers previously unaware of price variations in procedures and testing can utilize real-time health insurance plan pricing information that makes it possible to choose care based on price, quality, and convenience. Experts document that as much as $1 trillion could be slashed annually from the cost of healthcare in the U.S. MyMedicalShopper aims to transform the healthcare industry into a fair market for consumers.

About NueSynergy (www.NueSynergy.com)
Since 1996, NueSynergy has been an innovative leader in providing full-service administration of consumer-driven and traditional account-based plans. NueSynergy has grown into one of the largest benefit account administrators providing Health Savings Accounts (HSA), Flexible Spending Accounts (FSA) and Health Reimbursement Arrangements (HRA); in addition
to COBRA, Direct Premiums Billing and Combined Billing services to employers of all sizes
and sectors, including state and local governments, as well as privately and publicly traded companies.

Contacts:
MyMedicalShopper

Mark Galvin

603-610-8100

mark@mymedicalshopper.com

NueSynergy

Josh Collins

913-653-8381

jcollins@nuesynergy.com

David K. Young Consulting, LLC Partners with MyMedicalShopper to Empower its Clients to Reduce their Healthcare Spending

Trusted Benefit Consultant and Administrator Now Offers MyMedicalShopper’s Suite of Healthcare Cost-Saving Tools

Portsmouth, NH and San Antonio, TX – June 18, 2019 – MMS Analytics, Inc. dba MyMedicalShopper, a leading provider of healthcare price transparency solutions, and David K. Young Consulting, LLC. (DKYC), an industry leader in consumer-directed healthcare solutions and employee benefits administration based in Texas, are partnering to give consumers more choice and control with respect to their healthcare spending. Today the companies announced the partnership, making MyMedicalShopper’s advanced healthcare price transparency software and cost-saving employer tools available to DKYC’s clients.

David K. Young can now deliver MyMedicalShopper’s suite of products, which bring cutting-edge price transparency technology, robust claims analytics, and streamlined administration to employers and their employees. MyMedicalShopper™, MyMedicalRewards™, and their powerful MyMedicalMetrics™ employer analytics package are now available to DKYC’s entire client base nationwide. In addition, the MyMedicalShopper suite will be tightly integrated with DKYC’s administrative platform and member portals for consumer-directed health accounts.

“We are excited to be partnering with David K. Young to bring integrated solutions to their clients to help them control their healthcare costs,” says MyMedicalShopper co-founder and CEO, Mark Galvin. “By partnering with creative third-party administrators (TPAs) like David K. Young, we can empower consumers to collectively reverse the trend of rising healthcare costs for businesses and their employees alike.”

For DKYC, this integrated new offering is a significant step towards an improved health benefits environment for their pre-tax flexible benefit clients and a complete service offering for those clients with consumer-driven health plans (CDHP).

“We pride ourselves on offering the very best healthcare solutions for our clients to help them control costs and reach their goals,” says David K. Young, Principal & Founder of David K. Young Consulting. “As a full-service TPA we’re constantly looking for new tools and solutions to help clients make more informed, affordable healthcare decisions. We’re excited to be able to combine our top-notch consumer-directed health accounts with the MyMedicalShopper solution for our benefit consulting partners and our clients.”

MyMedicalShopper is a comprehensive platform for employers designed to drive down the cost of healthcare while improving employee benefits. The platform includes the nation’s leading medical price transparency tools for employees, dynamic rewards programs, and robust analytics packages for employer.

About MyMedicalShopper

MyMedicalShopper is available through benefit brokers and consultants serving both the fully insured and self-funded employer markets. MyMedicalShopper provides a comprehensive platform for employers who want to take control of their healthcare costs and empower their employees with a tool that makes shopping for medical care as easy as a Google search.

MyMedicalRewards™ provides a dynamic HRA or HSA funding mechanism that drives good consumer behavior even when employees are spending employer dollars. It combines reference-pricing models with the MyMedicalShopper shopping experience to reward employees for choosing low-cost, high-quality medical care, thus reducing medical claims.

MyMedicalShopper’s Employer Dashboard provides CEOs, CFOs, and HR leadership with direct visibility into their group’s claims experience, engagement with MMS programs, and realization of savings. MyMedicalMetrics™ is an enhanced feature of this dashboard—a robust claims analytics package that shows employers exactly how their employees are victimized by hidden pricing, inadvertently driving up their own costs and overall claims experience for the group. Employers can use this new information to team up with their employees, identify specific savings opportunities, and build targeted campaigns that drive meaningful behavior change and claims reduction for their groups.

About MMS Analytics, Inc. (www.MyMedicalShopper.com) 

MMS Analytics, Inc. dba MyMedicalShopper™ is a big data company on a mission to revolutionize healthcare. The company was started out of the need to bring transparency to consumers and the companies who provide healthcare benefits to their employees—providing the leverage needed to make solid decisions on their healthcare and improve their quality of life. Consumers previously unaware of price variations in procedures and testing can utilize real-time health insurance plan pricing information that makes it possible to choose care based on price, quality, and convenience. Experts document that as much as $1 trillion could be slashed annually from the cost of healthcare in the U.S. MyMedicalShopper aims to transform the healthcare industry into a fair market for consumers.

About David K. Young Consulting, LLC. (www.dkyoung.com)

Since 1992, David K. Young Consulting, LLC (DKYC) has been providing outsourced benefit consulting and administration to its clients. DKYC is a Texas based, nationally recognized retirement and benefits consulting firm providing third-party administration and consulting services for Defined Contribution and Defined Benefit Plans, Section 125/Cafeteria Plan, COBRA/HIPAA, Common Remittance and Consumer Directed Reimbursement Accounts. 

DKY provides the very best employee benefit program design, application and compliance services for the unique needs of their clients. We consistently set the standard for cutting edge, effective employee benefit program design, application and compliance services throughout the nation. 

Contacts:

MyMedicalShopper

Mark Galvin

603-610-8100

mark@mymedicalshopper.com

David K. Young Consulting, LLC

David K. Young

210-558-0999

david@dkyoung.com

NFP’s Utah Office Partners with MyMedicalShopper to Empower Its Clients to Reduce Healthcare Costs

Employee Benefits Consultant Now Offers MyMedicalShopper’s Suite of Healthcare Cost-Saving Tools to Control Healthcare Spending for Their Clients

Portsmouth, NH and Lehi, UT – June 11, 2019 – MMS Analytics, doing business as MyMedicalShopper, will partner with NFP, a leading insurance broker and consultant, through NFP’s Utah office. The partnership between NFP and this leading provider of health care transparency solutions will give consumers more choice and control with respect to their health care spending. Today the companies announced the partnership, making MyMedicalShopper’s advanced health care price transparency software and cost-saving employer tools available to NFP clients in Utah.

NFP’s Utah office can now deliver MyMedicalShopper’s entire suite of products, bringing cutting-edge price transparency technology, patent-pending rewards programs, and robust claims analytics to employers and their employees. MyMedicalShopper, MyMedicalRewards, and their powerful MyMedicalMetrics employer analytics package are now available to NFP’s Utah client base.

“NFP demonstrates all of the most important qualities that we look for in a partner,” says MyMedicalShopper co-founder and CEO, Mark Galvin. “We are particularly impressed with NFP’s commitment to thinking outside the box to find creative and cost-effective benefits solutions to problems employers are facing. We’re excited to be teaming up with the NFP team in Utah in pursuit of our shared goal to reverse the trend of rising health care costs for individuals and businesses alike.”

As one of the largest benefits broker in Utah, and with offices across the United States, NFP expects this new offering to significantly improve their clients’ ability to offer improved health benefits to their employees.

“Our team has consistently sought out, vetted and invested in technology to increase the value of our employee benefit offerings,” said David Jackson, managing director, Corporate Services in NFP’s West region. “We take a strategic approach to help each client proactively align their benefits program with their long-term business mission, always aiming to contain costs without sacrificing the value of benefits to employees. We’re very excited to be able to incorporate MyMedicalShopper into our expert solutions for employee benefits and health plan design.”

MyMedicalShopper is a comprehensive platform for employers designed to drive down the cost of health care while improving employee benefits. The platform includes the nation’s leading medical price transparency tools for employees, dynamic, patent-pending rewards programs and robust analytics packages for employers.

About MyMedicalShopper

MyMedicalShopper is available through benefit brokers and consultants serving both the fully insured and self-funded employer markets. MyMedicalShopper provides a comprehensive platform for employers who want to take control of their healthcare costs and empower their employees with a tool that makes shopping for medical care as easy as a Google search.

MyMedicalRewards™ provides a dynamic HRA or HSA funding mechanism that drives good consumer behavior even when employees are spending employer dollars. It combines reference-pricing models with the MyMedicalShopper shopping experience to reward employees for choosing low-cost, high-quality medical care, thus reducing medical claims.

MyMedicalShopper’s Employer Dashboard provides CEOs, CFOs and HR leadership with direct visibility into their group’s claims experience, engagement with MMS programs and realization of savings. MyMedicalMetrics™ is an enhanced feature of this dashboard—a robust claims analytics package that shows employers exactly how their employees are victimized by hidden pricing, inadvertently driving up their own costs and overall claims experience for the group. Employers can use this new information to team up with their employees, identify specific savings opportunities and build targeted campaigns that drive meaningful behavior change and claims reduction for their groups.

About MMS Analytics, Inc. (www.MyMedicalShopper.com) 

MMS Analytics, Inc. dba MyMedicalShopper™ is a big data company on a mission to revolutionize healthcare. The company was started out of the need to bring transparency to consumers and the companies who provide healthcare benefits to their employees—providing the leverage needed to make solid decisions on their healthcare and improve their quality of life. Consumers previously unaware of price variations in procedures and testing can utilize real-time health insurance plan pricing information that makes it possible to choose care based on price, quality, and convenience. Experts document that as much as $1 trillion could be slashed annually from the cost of healthcare in the U.S. MyMedicalShopper aims to transform the healthcare industry into a fair market for consumers.

About NFP (https://www.nfp.com)

NFP is a leading insurance broker and consultant providing customized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,100 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest US-based privately owned broker, 6th largest benefits broker by global revenue and 7th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

Contacts:

MyMedicalShopper

Mark Galvin

603-610-8100

mark@mymedicalshopper.com

NFP – Utah Office

Kirk Benson

385-352-9401

kirk.benson@nfp.com

Advanced Benefit Strategies, Inc. Partners with MyMedicalShopper to Empower its Clients to Reduce their Healthcare Spending

Trusted Pre-Tax Employee Benefits Administrator Now Offers MyMedicalShopper’s Suite of Healthcare Cost-Saving Tools

Portsmouth, NH and Unionville, CT – May 7, 2019 – MMS Analytics, Inc. dba MyMedicalShopper, a leading provider of healthcare price transparency solutions, and Advanced Benefit Strategies, Inc. (ABS), an industry leader in pre-tax employee benefits administration based in Connecticut, are partnering to give consumers more choice and control with respect to their healthcare spending. Today the companies announced the partnership, making MyMedicalShopper’s advanced healthcare price transparency software and cost-saving employer tools available to Advanced Benefit Strategies clients.

ABS can now deliver MyMedicalShopper’s suite of products, which bring cutting-edge price transparency technology, robust claims analytics, and streamlined administration to employers and their employees. MyMedicalShopper™, MyMedicalRewards™, and their powerful MyMedicalMetrics™ employer analytics package are now available to ABS’s entire client base. In addition, with ClaimsFlow™, the MyMedicalShopper suite will be tightly integrated with ABS’s administrative platform for those clients who leverage their benefit administration services.

“We are excited to be partnering with Advanced Benefit Strategies to bring integrated solutions to their clients to help them control their healthcare costs,” says MyMedicalShopper co-founder and CEO, Mark Galvin. “We look for partners who work hard to find creative solutions to address their customers’ pain points. By partnering with progressive benefit advisors and administrators, we can collectively reverse the trend of rising healthcare costs for businesses and their employees alike.”

For ABS, this integrated new offering is a significant step towards an improved health benefits environment for their pre-tax flexible benefit clients and a complete service offering for those clients with consumer-driven health plans (CDHP).

“We are always trying to look at employee benefits from our clients’ perspective,” says Steve Repka, President of Advanced Benefit Services. “We have been administering pre-tax employee benefits for more than 25 years, and we’ve seen first-hand how the healthcare landscape has changed. Today’s consumers need better information and tools to help them reduce healthcare costs. We’re excited to be pairing our consumer-directed health accounts with the MyMedicalShopper solution for our clients and their employees.”

MyMedicalShopper is a comprehensive platform for employers designed to drive down the cost of healthcare while improving employee benefits. The platform includes the nation’s leading medical price transparency tools for employees, dynamic rewards programs, and robust analytics packages for employers.

About MyMedicalShopper

MyMedicalShopper is available through benefit brokers and consultants serving both the fully insured and self-funded employer markets. MyMedicalShopper provides a comprehensive platform for employers who want to take control of their healthcare costs and empower their employees with a tool that makes shopping for medical care as easy as a Google search.

MyMedicalRewards™ provides a dynamic HRA or HSA funding mechanism that drives good consumer behavior even when employees are spending employer dollars. It combines reference-pricing models with the MyMedicalShopper shopping experience to reward employees for choosing low-cost, high-quality medical care, thus reducing medical claims.

MyMedicalShopper’s Employer Dashboard provides CEOs, CFOs, and HR leadership with direct visibility into their group’s claims experience, engagement with MMS programs, and realization of savings. MyMedicalMetrics™ is an enhanced feature of this dashboard—a robust claims analytics package that shows employers exactly how their employees are victimized by hidden pricing, inadvertently driving up their own costs and overall claims experience for the group. Employers can use this new information to team up with their employees, identify specific savings opportunities, and build targeted campaigns that drive meaningful behavior change and claims reduction for their groups.

ClaimsFlow automates much of the administrative burden and error-prone human processes involved in adjudicating employee reimbursements for CDH accounts. Participants can leverage connections to more than 100 insurance carrier and health plan member portals to facilitate rapid adjudication of claim reimbursements and automatic substantiation of debit card transactions.

About MMS Analytics, Inc. (www.MyMedicalShopper.com) 

MMS Analytics, Inc. dba MyMedicalShopper™ is a big data company on a mission to revolutionize healthcare. The company was started out of the need to bring transparency to consumers and the companies who provide healthcare benefits to their employees—providing the leverage needed to make solid decisions on their healthcare and improve their quality of life. Consumers previously unaware of price variations in procedures and testing can utilize real-time health insurance plan pricing information that makes it possible to choose care based on price, quality, and convenience. Experts document that as much as $1 trillion could be slashed annually from the cost of healthcare in the U.S. MyMedicalShopper aims to transform the healthcare industry into a fair market for consumers.

About Advanced Benefit Strategies, Inc (www.abs125.com)

Since 1993, Advanced Benefit Strategies (ABS) has been an industry leader in Section 125 Flexible Spending Account administration, Cafeteria Plans, Transit & Commuter Tax Benefits, Section 105 Health Reimbursement Arrangements, and COBRA administration.  Located in Unionville, CT, Advanced Benefit Strategies (ABS), is a third-party administrator of pre-tax employee benefits focused on delivering hassle-free, Section 125 cafeteria, flexible benefit administration for over 700 employers across the country and 14,000+ plan participants. Every year, businesses, associations, municipalities, and non-profits look to ABS for impartial, confidential pre-tax, flexible benefit plan administration services. Give your employees a raise and your company a tax break, with a no-hassle Flex Plan from ABS.

Contacts:

MyMedicalShopper

Mark Galvin

(603) 610-8100

mark@mymedicalshopper.com

Advanced Benefit Strategies

Stephen J. Repka, II
(860) 675-2261

steverepka@abs125.com  

Baystate Benefit Services Partners with MyMedicalShopper to Empower its Clients to Reduce their Healthcare Spending

Trusted Employee Benefits Consultant and Administrator Now Offers MyMedicalShopper’s Suite of Healthcare Cost-Saving Tools

Portsmouth, NH and Braintree, MA – April 17, 2019 – MMS Analytics, Inc. dba MyMedicalShopper, a leading provider of healthcare price transparency solutions, and Baystate Benefit Services, an employee benefits consulting firm and third-party administrator based in Massachusetts, are partnering to give consumers more choice and control with respect to their healthcare spending. Today the companies announced the partnership, making MyMedicalShopper’s advanced healthcare price transparency software and cost-saving employer tools available to Baystate clients.

Baystate can now deliver MyMedicalShopper’s suite of products, which bring cutting-edge price transparency technology, robust claims analytics, and streamlined administration to employers and their employees. MyMedicalShopper™, MyMedicalRewards™, and their powerful MyMedicalMetrics™ employer analytics package are now available to Baystate’s entire client base. In addition, the MyMedicalShopper suite will be tightly integrated with Baystate’s administrative platform for those clients who leverage Baystate’s administrative services for consumer-directed health accounts.

“We are excited to be partnering with Baystate Benefit Services to bring integrated solutions to their clients to help them control their healthcare costs,” says MyMedicalShopper co-founder and CEO, Mark Galvin. “We look for partners who work hard to find creative solutions to address their customers’ pain points. By partnering with progressive benefits advisors and administrators, we can collectively reverse the trend of rising healthcare costs for businesses and their employees alike.”

For Baystate, an employee benefits consulting firm that offers a broad range of administrative solutions to employers, this new offering is a significant step towards an improved health benefits environment for its clients.

“We are constantly looking at the employee benefits landscape through our clients’ eyes,” says Chad DiBonaventura, Managing Director of Baystate Benefit Services. “It has become obvious that one of the biggest pain points that our customers face is rising health insurance costs and a total lack of medical price transparency. We are convinced that MyMedicalShopper has built the best platform for empowering the medical consumer. We are excited about our new partnership with MMS and eager to share this new technology with our clients to help them control their costs.”

MyMedicalShopper is a comprehensive platform for employers designed to drive down the cost of healthcare while improving employee benefits. The platform includes the nation’s leading medical price transparency tools for employees, dynamic rewards programs, and robust analytics packages for employers.

About MyMedicalShopper

MyMedicalShopper is available through benefit brokers and consultants serving both the fully insured and self-funded employer markets. MyMedicalShopper provides a comprehensive platform for employers who want to take control of their healthcare costs and empower their employees with a tool that makes shopping for medical care as easy as a Google search.

MyMedicalRewards™ provides a dynamic HRA or HSA funding mechanism that drives good consumer behavior even when employees are spending employer dollars. It combines reference-pricing models with the MyMedicalShopper shopping experience to reward employees for choosing low-cost, high-quality medical care, thus reducing medical claims.

MyMedicalShopper’s Employer Dashboard provides CEOs, CFOs, and HR leadership with direct visibility into their group’s claims experience, engagement with MMS programs, and realization of savings. MyMedicalMetrics™ is an enhanced feature of this dashboard—a robust claims analytics package that shows employers exactly how their employees are victimized by hidden pricing, inadvertently driving up their own costs and overall claims experience for the group. Employers can use this new information to team up with their employees, identify specific savings opportunities, and build targeted campaigns that drive meaningful behavior change and claims reduction for their groups.

About MMS Analytics, Inc. (www.MyMedicalShopper.com) 

MMS Analytics, Inc. dba MyMedicalShopper™ is a big data company on a mission to revolutionize healthcare. The company was started out of the need to bring transparency to consumers and the companies who provide healthcare benefits to their employees—providing the leverage needed to make solid decisions on their healthcare and improve their quality of life. Consumers previously unaware of price variations in procedures and testing can utilize real-time health insurance plan pricing information that makes it possible to choose care based on price, quality, and convenience. Experts document that as much as $1 trillion could be slashed annually from the cost of healthcare in the U.S. MyMedicalShopper aims to transform the healthcare industry into a fair market for consumers.

About Baystate Benefit Services (www.baystatebenefits.com)

Baystate Benefit Services, Inc. (BBS) was founded in 1990 and is headquartered in Braintree, MA. Baystate’s consulting practices are structured around the health and welfare needs of their clients, business retirement plans, risk management insurance and executive compensation. BBS is resourced to provide expertise in benefits plan design and administration, claims administration, compliance, employee health & wellness strategies, Cobra administration, flexible spending account administration and health reimbursement account administration. Finding the best and most cost effective solutions has been BBS’s objective since 1990.


Contacts:

MyMedicalShopper

Mark Galvin

(603) 610-810

mark@mymedicalshopper.com

Baystate Benefit Services

Chad DiBonaventura

(781) 356-0717

chad@baystatebenefits.com

MyMedicalShopper Provides Detailed Response to DHHS Request for Public Comments on National Price Transparency Initiative

MMS shares roadmap for national implementation to facilitate transparency and drive down the nation’s healthcare costs

 

Portsmouth, NH – March 18, 2019

MyMedicalShopper, a national healthcare price transparency solution that enables patient consumerism, submitted a response to a U.S. Department of Health and Human Services request for input on proposed rulemaking that could support national price transparency efforts.

 

MyMedicalShopper praised HHS and the Office of the National Coordinator for Health Information Technology (ONC) for their effort to improve the value of healthcare received by patients in the U.S., and highlighted the department’s recognition that “[i]ncreased consumer demand, aligned incentives, more accessible and digestible information, and the evolution of price transparency tools are critical components to moving to a health care system that pays for value,” in their recent Notice for Proposed Rulemaking (NPRM) (https://www.healthit.gov/topic/laws-regulation-and-policy/notice-proposed-rulemaking-improve-interoperability-health).

 

“We applaud HHS and ONC for their effort to improve the value of healthcare received by patients in the United States,” said Mark Galvin, President and CEO of MMS Analytics, Inc., the creator of MyMedicalShopper. “We have focused exclusively on developing solutions to rising healthcare costs and delivering true price transparency to patients in the U.S. for over five years now. We are happy to share our experience and hard-earned expertise with these agencies so they can implement policies that help empower healthcare consumers and reduce costs.”

 

The Notice for Proposed Rulemaking to Improve the Interoperability of Health Information was issued by DHHS and the ONC to “support seamless and secure access, exchange, and use of electronic health information (EHI).” The document covers a range of topics across its 724 pages, including a number of questions surrounding price transparency, soliciting public comment.

 

MyMedicalShopper submitted a public comment to HHS on the Department’s website, and published a copy on its corporate website here. (https://mmsanalytics.com/mms-analytics-inc-public-comment-to-u-s-dhhs-on-rin-0955-aa01/)

 

MyMedicalShopper is a comprehensive platform for employers designed to drive down the cost of healthcare while improving employee benefits. The platform includes the nation’s leading medical price transparency tools for employees, dynamic rewards programs, and robust analytics packages for employers.

 

 

About MyMedicalShopper

MyMedicalShopper is available through benefit brokers and consultants serving both the fully insured and self-funded employer markets. MyMedicalShopper provides a comprehensive platform for employers who want to take control of their healthcare costs and empower their employees with a tool that makes shopping for medical care as easy as a Google search.

 

MyMedicalRewards™ provides a dynamic HRA or HSA funding mechanism that drives good consumer behavior even when employees are spending employer dollars. It combines reference-pricing models with the MyMedicalShopper shopping experience to reward employees for choosing low-cost, high-quality medical care, thus reducing medical claims.

 

MyMedicalShopper’s Employer Dashboard provides CEOs, CFOs, and HR leadership with direct visibility into their group’s claims experience, engagement with MMS programs, and realization of savings. MyMedicalMetrics™ is an enhanced feature of this dashboard—a robust claims analytics package that shows employers exactly how their employees are victimized by hidden pricing, inadvertently driving up their own costs and overall claims experience for the group. Employers can use this new information to team up with their employees, identify specific savings opportunities, and build targeted campaigns that drive meaningful behavior change and claims reduction for their groups.

 

About MMS Analytics, Inc. (www.MyMedicalShopper.com) 

MMS Analytics, Inc. dba MyMedicalShopper™ is a big data company on a mission to revolutionize healthcare. The company was started out of the need to bring transparency to consumers and the companies who provide healthcare benefits to their employees—providing the leverage needed to make solid decisions on their healthcare and improve their quality of life. Consumers previously unaware of price variations in procedures and testing can utilize real-time health insurance plan pricing information that makes it possible to choose care based on price, quality, and convenience. Experts document that as much as $1 trillion could be slashed annually from the cost of healthcare in the U.S. MyMedicalShopper aims to transform the healthcare industry into a fair market for consumers.

 

 

Contacts:

 

MyMedicalShopper

Mark Galvin

(603) 610-8100

mark@mymedicalshopper.com