CompleteVue™ – MultiPlan’s new Pricing Analytics Solution that Empowers Healthcare Providers

Rhea-AI Summary

MultiPlan (NYSE: MPLN) has launched CompleteVue™, a modern software platform that analyzes publicly available healthcare price transparency data. The platform helps healthcare providers gain market insights within seconds from billions of public healthcare pricing records.

CompleteVue enables providers to compare rates across payors and geographies, analyze market position, and review insights on market share and highly utilized services. This launch complements MultiPlan's existing suite, including PlanOptix™, and aims to address challenges in rural healthcare, where over 80% of rural America is medically underserved.

The platform is designed as a self-service solution that helps providers harness price transparency insights to improve healthcare quality and value, while expanding MultiPlan's addressable market for healthcare cost management solutions.

Positive

• Launch of new revenue-generating product CompleteVue™ expanding addressable market
• Strategic positioning in underserved rural healthcare market (80% of rural America)
• Complements existing product suite with PlanOptix™

Negative

• None.

Insights

Tech Product Analyst

The launch of CompleteVue represents a strategic move into the healthcare analytics space, leveraging the mandatory price transparency data requirements to create value. The platform's ability to process billions of pricing records quickly addresses a significant pain point for healthcare providers struggling with data management. While innovative, the product enters a competitive market where success will depend on adoption rates and the ability to generate actionable insights that justify its cost. The focus on rural healthcare providers is particularly noteworthy, as this underserved segment represents a significant market opportunity. However, the revenue impact may take time to materialize as healthcare providers typically have long sales cycles and careful evaluation processes for new technology investments.

Healthcare Market Analyst

CompleteVue's launch aligns with the growing demand for price transparency solutions in healthcare, particularly following recent legislative requirements. The platform's focus on rural healthcare providers, where 80% of rural America is medically underserved, represents a strategic market positioning. However, the impact on MultiPlan's immediate financial performance is likely to be modest initially, given the typically slow adoption rates in healthcare technology and the need to prove ROI to cost-conscious providers. While this expansion of MultiPlan's product portfolio is positive for long-term growth, it's entering a market with established competitors and will need significant market penetration to meaningfully impact the company's $111M market cap.

This new platform provides enriched publicly available price transparency data to enable providers to gain actionable insights for improved strategic financial action.

NEW YORK--(BUSINESS WIRE)-- MultiPlan Corporation (NYSE: MPLN) (“MultiPlan” or the “Company”), a leading provider of data-driven cost management solutions that deliver transparency and promote fairness, quality and affordability to the U.S. healthcare industry, today announced the launch of CompleteVue^TM, a modern software platform built using publicly available price transparency data that provides advanced analytics to help health systems and providers gain insight into the healthcare market.

Recent legislation has brought incremental improvements in healthcare price transparency, but providers are often struggling to turn the complexities of large sets of unmanageable data into actionable insights and valuable gains. With the launch of CompleteVue, MultiPlan is complementing the recent legislation by providing expertise and technology to advance cost transparency and clarity in healthcare, enabling providers to focus on delivering high-quality care for patients.

A unique product in the marketplace today for healthcare providers, CompleteVue makes sense of the billions of public records of healthcare pricing within seconds. CompleteVue can be used to not only analyze and benchmark market position, but also review critical insights and trends on market share and highly utilized services. CompleteVue further empowers providers to compare rates across payors and geographies. With MultiPlan’s CompleteVue solution, healthcare providers can efficiently access this data to improve pricing strategies, identify expansion and growth opportunities, and optimize strategic planning.

“Rural healthcare is at an inflection point and its success is vital to the healthcare market as more than 80% of rural America is medically underserved¹,” said Travis Dalton, President and Chief Executive Officer of MultiPlan. “With our recent partnership with the National Rural Health Association announced in September and the delivery of this integral solution to empower providers, we are uniquely positioned to transform rural healthcare as we understand the common market pressures and demands providers face, and we want to help.”

CompleteVue accompanies MultiPlan’s award-winning existing suite of tools like PlanOptix^TM, a price transparency solution geared towards healthcare payors, brokers and TPAs. From the provider to the patient, MultiPlan is advancing price transparency within the market to bend the cost curve for all.

“CompleteVue was developed as part of MultiPlan’s continuing efforts to provide innovative solutions that drive positive change across all stakeholders in the healthcare ecosystem, by bringing market efficiency to an otherwise opaque healthcare marketplace,“ said Jerry Hogge, Chief Operating Officer at MultiPlan. “CompleteVue is a self-service platform that can be utilized by any provider to harness the insights provided by price and transparency for the services they deliver, which ultimately will improve quality and value of care for all.”

The launch of CompleteVue is but one part of MultiPlan’s growth initiative and further expands the addressable market for its innovative healthcare cost management and tech-enabled solutions that improve access, affordability and quality of healthcare. Learn more about CompleteVue on MultiPlan's website.

All data within CompleteVue is based on publicly available price transparency machine readable files, Medicare rates, and third-party benchmark data.

About MultiPlan

MultiPlan is committed to bending the cost curve in healthcare by delivering transparency, fairness, and affordability to the US healthcare system. Our focus is on identifying medical savings, helping to lower out-of-pocket costs, and reducing or eliminating balance billing for healthcare consumers. Leveraging sophisticated technology, data analytics, and a team rich with industry experience, MultiPlan interprets clients’ needs and customizes innovative solutions that combine its payment and revenue integrity, network-based, data and decision science, and analytics-based services. MultiPlan delivers value to more than 700 healthcare payors, over 100,000 employers, 60 million consumers, and 1.4 million contracted providers. For more information, visit multiplan.com.

Forward Looking Statements

This press release contains forward-looking statements. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “seeks,” “projects,” “forecasts,” “intends,” “plans,” “may,” “will” or “should” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts, including the discussion in this press release of the Company’s growth initiative. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and speak only as of the date they are made. Any forward-looking statements that we make herein are not guarantees of future performance and actual results may differ materially from those in such forward-looking statements as a result of various factors. Factors that may impact such forward-looking statements also include the factors discussed under “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and Quarterly Report on Form 10-Q for the three months ended September 30, 2024; and other factors beyond our control. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. The Company’s periodic and other filings are accessible on the SEC’s website at www.sec.gov. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241211235642/en/

Media Relations

Pamela Walker

AVP, Marketing & Communications

MultiPlan

781-895-3118

Press@multiplan.com



Investor Relations

Jason Wong

SVP, Treasury & Investor Relations

MultiPlan

866-909-7427

investor@multiplan.com



Shawna Gasik

AVP, Investor Relations

MultiPlan

866-909-7427

investor@multiplan.com

Source: MultiPlan Corporation

FAQ

What is MultiPlan's CompleteVue™ and how does it impact MPLN's business?

CompleteVue™ is MultiPlan's new software platform that analyzes healthcare price transparency data, expanding MPLN's addressable market in healthcare cost management solutions and potentially creating new revenue streams.

How does CompleteVue™ benefit healthcare providers?

CompleteVue™ allows providers to analyze billions of healthcare pricing records, compare rates across payors and geographies, benchmark market position, and identify growth opportunities for strategic planning.

What market opportunity is MPLN targeting with CompleteVue™?

MPLN is targeting the rural healthcare market, where over 80% of rural America is medically underserved, leveraging their partnership with the National Rural Health Association announced in September.

How does CompleteVue™ integrate with MPLN's existing products?

CompleteVue™ complements MultiPlan's existing suite of tools, including PlanOptix™, enhancing their price transparency solutions portfolio from provider to patient services.