What type of company is MultiPlan?
Asked by: Mittie Nolan | Last update: July 16, 2023Score: 4.9/5 (30 votes)
MultiPlan serves a base of 2,000 large and mid-sized insurers, third-party administrators, self-funded plans, HMOs and other entities that pay claims on behalf of health plans. The company's top 10 clients together deliver health coverage to more than 70 million Americans.
What does MultiPlan company do?
MultiPlan uses technology-enabled provider network, negotiation, claim pricing and payment accuracy services as building blocks for medical payors to customize the healthcare cost management programs that work best for them. We believe there is no such thing as a standard cost management approach.
What type of plan is MultiPlan?
The MultiPlan Network is a nationwide complementary PPO network. Your health plan is most likely utilizing the MultiPlan Network to give you access to an additional choice of providers that have agreed to offer a discount for services.
What industry is MultiPlan in?
MultiPlan, Inc. provides healthcare cost management solutions. The Company specializes in providing claim cost management solutions for controlling the financial risks associated with medical bills.
What is the largest PPO network?
MultiPlan is the nation's oldest and largest independent Preferred Provider Organization (PPO) network offering nationwide access to more than 4,200 hospitals, 90,000 ancillary care facilities and 450,000 physicians and specialists.
MultiPlan “PPO” is the Devil, Bobby Boucher
What does MultiPlan insurance mean?
What does this mean? The MultiPlan Network is a nationwide complementary PPO network. Your health plan is most likely utilizing the MultiPlan Network to give you access to an additional choice of providers that have agreed to offer a discount for services.
Who owns MultiPlan Inc?
Nation's Largest Independent PPO Poised for Growth New York, NY – MultiPlan, Inc. and The Carlyle Group yesterday completed the previously announced acquisition by Carlyle of MultiPlan, the largest independent PPO in America.
Is MultiPlan a public company?
As a public company, MultiPlan will have greater strategic and financial flexibility, making it better equipped to expand organically, through adjacent acquisitions and by investing in new technologies.
What is PPO good for?
PPO stands for preferred provider organization. Just like an HMO, or health maintenance organization, a PPO plan offers a network of healthcare providers you can use for your medical care. These providers have agreed to provide care to the plan members at a certain rate.
How does MultiPlan make money?
This makes sense from MultiPlan's perspective, as MultiPlan's revenue (as far as I can tell—they're not yet public) comes from a combination of the contract fees that insurers pay to access MultiPlan's network, in addition to a percentage of the “savings” MultiPlan gets for insurers by routinely lowballing doctors.
How do I cancel MultiPlan?
Termination. How can I terminate my participation in the PHCS Network and/or the MultiPlan Network? Submit your request on letterhead with the contract holder's signature via fax at 781-487-8273, via email at registrar@multiplan.com or via mail to MultiPlan, Attn: Registrar, 16 Crosby Drive, Bedford, MA 01730.
Is PHCS a legitimate insurance company?
PHCS is rated A (Excellent) by A.M. Best Company and AA—(Very Strong) by Standard & Poor's. In 2006, MultiPlan acquired PHCS; since then, it has been a part of the MultiPlan family of companies. MultiPlan is a leading provider of data-driven, technology-enabled healthcare cost management solutions.
What is PPO?
PPO, which stands for Preferred Provider Organization, is defined as a type of managed care health insurance plan that provides maximum benefits if you visit an in-network physician or provider, but still provides some coverage for out-of-network providers.
What does PHCS network stand for?
Private Healthcare Systems (PHCS) is a health insurance company that offers millions of members across the country coverage for medical and behavioral health care. They partner with Multiplan for access to its PPO network.
What is Multiplan spreadsheet?
Updated: 05/21/2018 by Computer Hope. Code-named Electronic Paper, Multiplan was an early command line spreadsheet program developed by Microsoft and released in 1982. At the time, Multiplan was one of the most ported programs of all time, running on 50 different types of computers.
Who invented Excel?
Early Microsoft employee Charles Simonyi is the man behind some of the company's most successful software, including Word and Excel. The developer has a Ph. D. in computer science from Stanford, and worked on one of the first personal computers at Xerox.
How was VisiCalc developed?
Dan Bricklin conceived VisiCalc while watching a presentation at Harvard Business School. The professor was creating a financial model on a blackboard that was ruled with vertical and horizontal lines (resembling accounting paper) to create a table, and he wrote formulas and data into the cells.
Is MPLN a SPAC?
III MPLN –1.28% , a special purpose acquisition company, or SPAC. Investors had election-related concerns about potential surprise billing legislation that could impact Multiplan's business.
Who owns Churchill Capital?
Churchill Capital Corp. founder Michael Klein is looking to raise $1 billion for his eighth special purpose acquisition company, according to an S-1 regulatory filing from the SEC. Klein's Altc Acquisition Corp. plans to raise $1.0 billion by offering 100 million units at $10 each.
Is CCXX a good stock to buy?
Based on our forecasts, a long-term increase is expected, the "CCXX=" stock price prognosis for 2025-10-07 is 23.926 USD. With a 5-year investment, the revenue is expected to be around +131.39%. Your current $100 investment may be up to $231.39 in 2027.
How long has PHCS been around?
Established in 1985 as a collaboration of mid-sized commercial insurance companies seeking to develop competitive managed care programs, PHCS maintains the nation's largest proprietary primary PPO network and is the second largest independent care management provider in the country.
Who owns PHCS network?
Private Health Care Systems (owned by MultiPlan as mentioned earlier) has the largest proprietary Preferred Provider (PPO) organization in the entire United States. With approximately 450,000 members attending any of the 4,000 facilities, PHCS members have access to a wide variety of providers across the United States.
What is Churchill Capital?
Churchill Capital Corp operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. Churchill Capital serves customers in the United States.