NFP Introduces TPCompare, a Price Transparency Tool for Healthcare Delivery Systems

NEW YORK (PRWEB) June 22, 2023

NFP, a leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor, has released TPCompare, a pricing and comparative analysis tool for healthcare delivery systems. TPCompare benchmarks data from providers, facilities and payers and then compares the cost and quality scoring of medical procedures and services against other healthcare delivery systems.

"Recently enacted legislation requires hospitals and payers to establish, update and make public their healthcare procedural charges for in-network services," said Kim Bell, head of Health & Benefits, NFP. "While very few market players have built a solution suitable for healthcare delivery systems in today's price transparency environment, TPCompare provides visibility into formerly trade secret commercial pricing that can create a competitive advantage opportunity aimed at hospitals and health systems."

E. Heidi Cottle, national practice leader, SVP, Cost Containment Strategies, NFP, led the development of TPCompare. Cottle, who has been helping NFP clients manage healthcare costs since 2013, is a healthcare cost containment specialist with more than 30 years of leadership experience across employee benefits. In this role, Cottle is elevating efforts to usher in the next generation of healthcare pricing and delivery structures.

"TPCompare brings cost transparency data to another level, supported by enhanced data sets that produce a detailed view and accuracy to the analytics," said Cottle. "The tool empowers healthcare providers to negotiate competitive pricing from a position of strength by independently validating quantitative and qualitative data for medical procedures and services against a comprehensive competitor database. This creates a higher level of cost accountability, focused on quality metrics, to measure overall outcome improvement for stakeholders."

About NFP

NFP is a leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor that provides solutions enabling client success through the expertise of over 7,400 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors and financial institutions. NFP is the 9th best place to work for large employers in insurance, 7th largest privately-owned broker, 5th largest benefits broker by global revenue and 13th largest broker of US business (all rankings according to Business Insurance).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

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