NEW YORK, March 15, 2017 /PRNewswire-USNewswire/ -- FAIR Health announced today that as a result of its designation last
CMS is providing FAIR Health with claims that represent the experience of more than 55 million individuals enrolled in Medicare Parts A and B coverage. These claims will supplement FAIR Health's collection of private claims from both fully insured and self-insured plans that represent more than 150 million individuals. FAIR Health regularly receives private claims from approximately 60 of the country's national and regional commercial insurers and thus holds data assets offering a uniquely comprehensive record of healthcare costs and utilization across the country. FAIR Health's private claims database now includes more than 23 billion medical and dental records dating back to 2002, with more than 2 billion private claims added each year.
Public and Non-Public Reports to Include Medicare and Private Claims Data
As part of its QE responsibilities, FAIR Health will produce and publish public quality reports and data analytics—based on its database of private insurance claims, in combination with Medicare information—to support efforts to promote transparency, improve the quality of care and reduce costs. FAIR Health also plans to use the Medicare data for internal analyses that will contribute to the evolution of its products and analytics and enrich its offerings in support of transparency in policy making and health systems research.
In addition, with its QE designation, FAIR Health is able to create, for clients who contribute their private claims data to FAIR Health, non-public aggregate reports that reflect information from Medicare Parts A, B and D claims data. The reports will incorporate data from the privately billed claims from the vast FAIR Health repository and/or the client's own data. These types of comprehensive analyses can open up a broad range of opportunities for an organization to evaluate its claims data for strategic, operational, clinical, budgetary and other purposes.
FAIR Health President Robin Gelburd remarked, "FAIR Health's QE certification demonstrates the trust the healthcare sector places in our data security and mission-driven activities. It also gives us the opportunity to conduct analyses incorporating vast amounts of Medicare and private claims data, offering a unique, overarching perspective on the workings of the healthcare system today."
About FAIR Health
FAIR Health is a national, independent, nonprofit organization dedicated to bringing transparency to healthcare costs and health insurance information through data products, consumer resources and health systems research support. FAIR Health oversees the nation's largest repository of private healthcare claims data, comprising over 23 billion billed medical and dental charges that reflect the claims experience of over 150 million privately insured Americans. FAIR Health licenses its data and data products—including data visualizations, custom analytics, episodes of care analytics and market indices—to commercial insurers and self-insurers, employers, hospitals and healthcare systems, government agencies, researchers and others. FAIR Health has been certified by the Centers for Medicare & Medicaid Services (CMS) as a Qualified Entity, eligible to receive all Medicare Parts A, B and D claims data for use in nationwide transparency efforts. FAIR Health data are referenced in statutes and regulations around the country and have been designated as the official, neutral source of cost information for a variety of state health programs, including workers' compensation and personal injury protection (PIP) programs. Many states have approached FAIR Health with respect to proposed consumer protection laws governing balance billing for surprise out-of-network bills and emergency services, and two states have made FAIR Health a standard in their balance billing legislation. FAIR Health uses its database to power a free consumer website, available in English and Spanish and as an English/Spanish mobile app that enables consumers to estimate and plan their healthcare expenditures. FAIR Health also offers a rich educational platform on health insurance on its website and app. The website has been honored by the White House Summit on Smart Disclosure, the Agency for Healthcare Research and Quality (AHRQ), URAC, the eHealthcare Leadership Awards, appPicker, Employee Benefit News and Kiplinger's Personal Finance. For more information on FAIR Health, visit fairhealth.org.
Dean SicoliExecutive Director of Communications and Public RelationsFAIR Health646firstname.lastname@example.org
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nations-largest-private-healthcare-database-acquires-all-medicare-claims-data-300423650.html
SOURCE FAIR Health
Subscribe to our Free Newsletters!
Discover the amazing health benefits of this ''under-valued'' vegetable called leek. Know the ...
Dehydration occurs when there is depletion of body fluids without adequate replacement. Test your ...
Cardiopulmonary bypass is a technique which allows performing open heart surgical procedures in a ...View All