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MultiPlan Invests in a Leading Data Management and Interoperability Platform
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
MultiPlan Corporation (NYSE:MPLN) announced a strategic investment of $15 million in Abacus Insights, a leader in data management aimed at improving consumer healthcare experiences. This investment reflects MultiPlan's commitment to enhancing interoperability and providing personalized healthcare solutions. According to CEO Dale White, the partnership aims to resolve complex healthcare data challenges, benefitting payors, members, and providers. MultiPlan continues to explore innovative opportunities to further its mission of affordability and efficiency in the U.S. healthcare system.
Positive
Investment of $15 million in Abacus Insights to enhance healthcare data management.
Focus on improving interoperability and personalized healthcare experiences for consumers.
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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, today announced it is making a $15 million investment in Abacus Insights, a leading data management and interoperability platform that enables health plans and their providers to create a more personalized healthcare experience for consumers.
“As a proven data and analytics leader in the healthcare industry, MultiPlan is pleased to make a financial investment in Abacus Insights,” said Dale White, MultiPlan President and CEO. “Abacus Insights is a mission-driven company committed to solving complex healthcare data problems that will ultimately benefit healthcare payors, their members and the providers that serve them. We will continue to seek opportunities with new and innovative solutions like Abacus Insights as we pursue our mission of affordability, efficiency and fairness to the US healthcare system.”
Abacus Insights enables healthcare payors to offer a seamless, personalized care experience for their plan members by reconciling thousands of unique attributes about individual consumers and their health. Their solutions deliver a broad array of critical functions to their clients including interoperability, risk adjustment, population health and managing multiple vendor integrations.
Forward Looking Statements
This press release includes statements that express our opinions, expectations, beliefs, and plans regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements”. These forward-looking statements include all matters that are not historical facts, including MultiPlan’s expectations with respect to future investments or other capital deployment strategies, the results of MultiPlan’s investment in Abacus Insights, and Abacus Insights’ future performance, growth, business prospects and opportunities. Such forward-looking statements are based on available current market material and management’s expectations, beliefs and forecasts concerning future events impacting the business. The forward-looking statements contained in this press release are based on our current expectations and beliefs. There can be no assurance that future developments affecting our business or that of Abacus Insights will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in MultiPlan’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, including those under “Risk Factors” therein, its Quarterly Report on Form 10-Q for the three months ended March 31, 2022, and other documents filed or to be filed with the SEC by MultiPlan. 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. Forward-looking statements speak only as of the date made. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
No information contained on the website or social media sites cited in this press release is intended to be included as part of, or incorporated by reference into, this press release.
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 700 healthcare payors in the commercial health, government and property and casualty markets. For more information, visit http://www.multiplan.com.
