Last month Vericred, a healthcare data services company, announced the addition of a provider-network notification capability to its suite of services, a first for the healthcare data industry. This week, Vericred took another important step to expand their offering with the addition of Medicare Advantage plan design and rate data, provider-network data, and formulary data. This expansion means that technology companies, especially those focused on transparency and decision support, can leverage Vericred’s expanded database to know where a plan is available, how much a plan costs, what it covers, and information about the plan’s deductible, co-pay, and which drugs are covered by the plan along with their tier level and restrictions. A single point of integration through Vericred’s REST API makes it easy for these technology companies to take advantage of hundreds of new Medicare Advantage plan-specific data elements.
Additional details regarding which doctors and facilities are participating in each Medicare Advantage network are also critical for those companies interested in implementing Vericred’s new offering to help patients with plan selection. While the expansion into the Medicare Advantage market does not yet include Medicare Supplement plan (i.e. Medigap) data, the company plans to begin including this additional data later this year.
On the announcement, Vericred Founder and CEO Michael Levin commented that, “…there are numerous coverage options in the Medicare space. As a result, plan choice is a particularly complex process that, to date, has been underserved by technology… Now innovators will have access to the data they need to build solutions for this demanding market.”
Link: Vericred homepage…
Via: Vericred…