MultiPlan And ECHO Health Partner To Drive Health Plan Administrative Costs Down
Portfolio Pulse from Happy Mohamed
MultiPlan Corporation (NYSE:MPLN) and ECHO Health, Inc. have partnered to offer simplified, cost-effective claim processing for third-party administrators, insurers, and other healthcare payors. The partnership aims to reduce overall administrative costs in the U.S. healthcare industry.
June 20, 2023 | 12:02 pm
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MultiPlan Corporation (NYSE:MPLN) partners with ECHO Health to offer cost-effective claim processing, aiming to reduce administrative costs in the U.S. healthcare industry.
The partnership between MultiPlan and ECHO Health aims to reduce administrative costs in the U.S. healthcare industry, which currently account for 15-30% of healthcare spending. By offering simplified, cost-effective claim processing, the partnership is expected to have a positive impact on MultiPlan's business, making it more attractive to healthcare payors and potentially increasing its market share. This is likely to have a positive short-term impact on MPLN's stock price.
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