CLIFTON, N.J.--(BUSINESS WIRE)--Vericred, Inc., a healthcare startup bringing accuracy, efficiency and transparency to provider data, today launched PlanCompass.com, a website that helps consumers choose a health plan that lets them keep the doctors they prefer.
It is harder than ever for consumers to find health plans in which all of their preferred doctors and facilities participate ‘in-network.’ This year, thirty percent more health plans are available, and more plans are offering narrower networks of physicians and hospitals. Finding the right plan is a needle-in-the-haystack operation that requires searching different insurance company websites, one doctor at a time. It's a chore that can take hours.
In response, Vericred developed PlanCompass.com, a provider-centric health plan search website.
“The lack of transparency of provider participation in health plans is a national problem. Consumers are challenged to find a plan in which all their trusted doctors participate,” said Michael W. Levin, President and CEO of Vericred. “With PlanCompass, consumers will see cost and benefit information right next to the 'who’s in and who’s out' for each plan, all at no cost.”
PlanCompass is live now to help individuals and families in New Jersey search for health plans available under the Affordable Care Act. The website will be expanded to other states in the Northeast over the next month, and nationally next year.
Powering PlanCompass is Vericred’s National Provider Directory, which will ultimately link millions of doctors, health care facilities and other health care providers with the health plans in which they participate. The Vericred National Provider Directory will be available through an Application Programming Interface (API) so that others can leverage this centralized resource.
How PlanCompass Works
Consumers enter their zip code, ages of family members, and their trusted healthcare providers. PlanCompass searches plans available in their area to find those that match their preferred doctors and facilities. Consumers can then easily compare costs, coverage and benefits to pick the right plan and enroll.
Vericred, Inc. is a healthcare startup bringing accuracy, efficiency and transparency to healthcare provider data. Healthcare provider data is central to a variety of insurance, patient safety, risk management, compliance and regulatory functions. However, the collection and verification of this information is highly fragmented, costly and inefficient. Vericred’s solutions enable healthcare providers, facilities and insurers to improve healthcare delivery while reducing administrative burden and cost.