Dallas-based SmartLight Analytics is teaming up with a collaborative made up of some of the country’s largest employers to reduce healthcare costs. The Health Transformation Alliance is a group of self-funded companies looking to disrupt the healthcare status to improve costs and improve quality.
“HTA members appreciate our focus on fraud and our carrier-friendly approach to not only finding issues but resolving them and preventing them from reoccurring so wasteful spending does not happen in the first place,” said Asha George, co-founder and CEO of SmartLight Analytics via release.
SmartLight Analytics works with self-funded employers to identify and eliminate fraud, waste, and abuse by analyzing their healthcare claims and has consistently reduced clients’ healthcare spending by three to five percent. More than 50 the country’s biggest companies including American Express, Verizon, BNSF, Walgreens, Shell, 3M, Foot Locker, Cat, and more are hoping to use their influence to bring costs down. The alliance covers more than 7 million lives and $27 billion in healthcare spending.
“SmartLight Analytics helps HTA accomplish our mission of providing superior health outcomes at lower prices by helping plan members in need while reducing errors and outright fraud within our health plans in way that has not been done before by most large self-funded employers,” said Lee Lewis, Chief Strategy Officer & GM Medical Solutions at Health Transformation Alliance via release. “HTA is transforming healthcare to deliver more value to everyone, which is exactly what SmartLight Analytics is doing with its analytic methods and expertise. They are passionate about reducing healthcare spending.”