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.
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.
David K. Young Consulting, LLC
David K. Young