MultiPlan Awards $40,000 to Rural Hospitals

Rhea-AI Summary

MultiPlan Corporation (NYSE:MPLN) announced the recipients of its 2021 Rural Health Grant, awarding three hospitals for innovative healthcare solutions. Cumberland Memorial Hospital in Wisconsin will enhance its Hybrid Cardiopulmonary Program with telehealth kits. Lavaca Medical Center in Texas aims to expand its Cardiopulmonary Rehabilitation Program with new equipment. Upper Connecticut Valley Hospital in New Hampshire will support its 'How Pain Works' education program for middle school students. MultiPlan's grant program has been supporting rural healthcare since 1995.

Positive

• MultiPlan awarded grants to three hospitals to enhance local healthcare services.
• Cumberland Memorial Hospital will create telehealth kits for cardiac rehabilitation, improving patient care.
• Lavaca Medical Center is expanding its rehabilitation program, indicating community growth and healthcare demand.
• Upper Connecticut Valley Hospital's educational program promotes healthy behaviors and may reduce substance abuse.

Negative

• None.

Recipients of the 2021 MultiPlan Rural Health Grant Announced

NEW YORK--(BUSINESS WIRE)-- MultiPlan Corporation (NYSE:MPLN), a leading provider of data analytics and technology-enabled cost management, and payment and revenue integrity solutions to the U.S. healthcare industry, announces the recipients of its 2021 Rural Health Grant. The three hospitals selected to receive this year’s grants have each submitted creative proposals for addressing the healthcare needs of people in their community.

The recipients of the 2021 MultiPlan Rural Health Grant are:

• Cumberland Memorial Hospital, Cumberland, Wisconsin
• Lavaca Medical Center, Hallettsville, Texas
• Upper Connecticut Valley Hospital, Colebrook, New Hampshire

Cumberland Memorial Hospital will use their grant for their Hybrid Cardiopulmonary Program. This funding will enable the hospital to create cardiopulmonary telehealth kits used for remote communication and monitoring that patients can use from home to continue their cardiac rehabilitation.

Lavaca Medical Center will expand their Cardiopulmonary Rehabilitation Program. Implemented in 2019, this program supports rehabilitation services for cardiac and pulmonary patients within the community. Grant funds will be used to purchase additional equipment to accommodate the program’s growing size and scope.

Upper Connecticut Valley Hospital will use this funding to support the final phase of their “How Pain Works” education program pilot. This program educates middle school children about the perception, reaction and response to pain in an effort to foster healthy behaviors and reduce the potential of substance abuse as a means to manage pain.

About the MultiPlan Rural Health Grant

Since the program’s inception in 1995, MultiPlan has been helping hospitals in rural areas and the populations they serve. Grant recipients use the funds to help introduce or expand services, education, screenings and other endeavors that support the healthcare needs of people in their communities.

For more information about the MultiPlan Rural Health Grant, visit https://www.multiplan.us/philanthropic-programs/multiplans-rural-health-grant/.

About MultiPlan

MultiPlan is committed to helping healthcare payors manage the cost of care, improve their competitiveness and inspire positive change. 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 and analytics-based services. MultiPlan is a trusted partner to over 1,000,000 healthcare providers nationwide and over 700 healthcare payors in the commercial, government and property and casualty markets with 60 million consumers with access to our services. For more information, visit multiplan.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211129005623/en/

Investor Relations

Luke Montgomery, CFA

SVP, Finance & Investor Relations

MultiPlan

866-909-7427

investor@multiplan.com

Shawna Gasik

AVP, Investor Relations

MultiPlan

866-909-7427

investor@multiplan.com

Media Relations

Pamela Walker

Senior Director, Marketing & Communication

MultiPlan

781-895-3118

press@multiplan.com

Source: MultiPlan Corporation

FAQ

What is the 2021 MultiPlan Rural Health Grant?

The 2021 MultiPlan Rural Health Grant supports hospitals addressing local healthcare needs, awarding funds to selected recipients.

Which hospitals received the MultiPlan Rural Health Grant in 2021?

The recipients are Cumberland Memorial Hospital in Wisconsin, Lavaca Medical Center in Texas, and Upper Connecticut Valley Hospital in New Hampshire.

How will Cumberland Memorial Hospital use the grant funds?

Cumberland Memorial Hospital plans to create telehealth kits for its Hybrid Cardiopulmonary Program.

What improvements will Lavaca Medical Center make with its grant?

Lavaca Medical Center will purchase additional equipment to expand its Cardiopulmonary Rehabilitation Program.

What is the goal of Upper Connecticut Valley Hospital's program funded by the grant?

The hospital's program aims to educate middle school children about pain management to foster healthy behaviors.