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Power Law company profile

MultiPlan

Fintech · New York City, United States · Founded 1980

MultiPlan operates in the U.S. healthcare sector, providing innovative payment solutions and flexible healthcare provider networks to healthcare payors. The company serves a diverse range of clients including over 700 customers, more than 100,000 employers, 60 million consumers, and 1.4 million contracted providers. MultiPlan's business model focuses on reducing healthcare costs, improving competitiveness, and inspiring positive change within the healthcare system. The company generates revenue by offering services that help manage the cost of care, identify potential medical savings, and lower out-of-pocket expenses for consumers. In 2023, MultiPlan identified $22.9 billion in potential medical savings, significantly impacting the healthcare cost curve. The company's ongoing expansion and enhancement of its services and products position it well to continue delivering value to its extensive client base. Keywords: healthcare, payment solutions, provider networks, cost reduction, medical savings, healthcare payors, competitiveness, U.S. healthcare, out-of-pocket costs, balance billing.