Payment Integrity industry’s first integrated ecosystem set to accelerate value delivery and reduce administrative complexity in $9 billion market. Groundbreaking offering addresses the growing complexity in vendor management and empowers health plans to leverage innovative solutions within Pareo and manage their end-to-end payment integrity program.

BRENTWOOD, Tenn., Oct. 11, 2024 /PRNewswire-PRWeb/ — ClarisHealth, a leader in payment integrity technology solutions serving top health plans across the U.S., today announced the launch of Pareo® Partner Exchange, the healthcare industry’s most comprehensive network of pre-integrated payment integrity solutions. This groundbreaking offering addresses the growing complexity in vendor management and empowers health plans to leverage innovative solutions within Pareo and manage their end-to-end payment integrity program.

The payment integrity vendor solutions market is currently valued at $9 billion with a CAGR of 7%, according to McKinsey. As many new vendors enter the market, health plans face increasing administrative challenges in integrating and managing these diverse solutions. The Pareo Partner Exchange tackles this issue head-on by providing a seamless, integrated ecosystem delivered directly through ClarisHealth’s flagship Pareo platform.

“With successful integrations across every major claims system and over 20 leading payment integrity vendors, ClarisHealth has positioned itself as a source of truth in the payment integrity space,” said Jim Weathersby, CTO at ClarisHealth.

Mike Kriz, CIO for ClarisHealth added, “By eliminating the need for health plans to manage multiple integrations and data feeds, we’ve significantly reduced their cost of doing business. This efficiency allows our vendor partners to accelerate value delivery to health plans by up to 30% year-over-year.”

Recent studies have quantified the impact of Pareo for health plan clients and their vendor partners. Hobson & Company, a third-party consultant, found that Pareo reduces payment integrity administrative spend and increases savings by 30%. The platform eliminates vendor IT costs, which typically range from $250,000 to $1 million in upfront fees and $40,000 per vendor annually. Additionally, write-offs were reduced by 15%, and internal auditor productivity increased by 30%.

“We’re not just offering a single A.I. vendor or clinical audit solution,” said Sara Thomas, VP of payer solutions at ClarisHealth. “We’re empowering our clients to choose the best partners for their needs while removing the traditional barriers to implementation. With Pareo Partner Exchange, health plans can configure vendor relationships, automate data management, create exclusions, adjust pass orders, reconcile invoices, and identify the root causes of claim payment errors – all within a single, unified platform.”

The Pareo Partner Exchange significantly reduces the time and cost associated with implementing new payment integrity solutions. What once took years and millions of dollars can now be accomplished in a matter of weeks, allowing health plans to see results faster.

“Payment integrity has long needed a single source of truth, and Pareo is delivering just that,” said ClarisHealth CEO Jeff McNeese. “As the only solution in the industry that integrates internal payment integrity audit teams and external vendors for health plans of all sizes and segments, we’re uniquely positioned to transform how health plans work with their partners. The Pareo Partner Exchange is set to accelerate this transformation dramatically.”

ClarisHealth recently announced its first formal Exchange partner, Expion Health, offering an innovative “outsource-to-insource” model for out-of-network claims management. Health plans utilizing Expion’s services have reported average savings of $62 to $130 per member per year on billed charges for out-of-network claims.

Karin Humphrey, CEO of Expion Health, when commenting on the partnership said, “Together, we are poised to enhance the financial health of plans and payers, ensuring they remain in control of their processes and savings. By aligning our innovative technologies and strategic insights, we’re not just preparing for the future, we’re defining it.”

In the coming months, ClarisHealth plans to announce partnerships with several more solution providers, including integrated clinical audit solutions, specialty audit services, AI-powered tools, and data connectivity partners. These upcoming collaborations will further expand the capabilities of the Pareo Partner Exchange, offering health plans an ever-growing suite of integrated solutions to address their evolving needs.

Health plan leaders looking for more information about the Pareo Partner Exchange are encouraged to contact Ryan Nowers, director of product operations for ClarisHealth, at rnowers@clarishealth.com.

About ClarisHealth

ClarisHealth, a five-time Inc. 5000 and two-time Deloitte Technology Fast 500 company and recognized in the Gartner Hype Cycle for U.S. Payers and Everest Group’s Payment Integrity Solutions PEAK Matrix® Assessment, provides health plans and payers with a better way to drive claims payment accuracy. Its proprietary, A.I.-powered enterprise technology platform Pareo® has been proven to help health plans streamline payment integrity operations, expand recoveries and reduce administrative costs for an industry-leading ROI. For more information please visit www.clarishealth.com.

Media Contact

Sara Thomas, ClarisHealth, 1 8554252747, sthomas@clarishealth.com, https://www.clarishealth.com/ 

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SOURCE ClarisHealth

SOUTH BEND, Ind., Oct. 11, 2024 /PRNewswire/ — AM General, leader in military automotive systems and technology, will display an array of mobility capabilities that are addressing the complexities of the evolving battlefield at the Annual Meeting and Exposition of the Association of the U.S. Army (AUSA) Oct. 14 – 16, 2024, Booth #1939, Hall B, at the Walter E. Washington Convention Center. The Company will feature the next general Joint Light Tactical Vehicle (JLTV A2) and trailer, the HUMVEE 2-CT Hawkeye 105mm Mobile Howitzer, and the all-new MIMIC-V purpose-built truck.

“AUSA is an important event for the industrial base and gives us an opportunity to update our key customer, the US Military, on the latest developments to maintain readiness. And for AM General it comes at a time when we are preparing for production of the JLTV A2,” said Jim Cannon, AM General President and CEO. “We are extremely proud and excited to feature products that are actively supporting the Warfighter and that will continue to transform capabilities to support their mission.”

On display will be the new JLTV A2 general purpose 4-passenger vehicle, which features additional enhancements over the first-generation model. Key changes include an upgraded powertrain, improvements in noise reduction, and improved corrosion protection. The company will also display the JLTV-T Trailer which has a payload of up to 5,100 lbs. and has an 18.5-inch travel to make it a rugged compliment to the JLTV A2.

The HUMVEE 2-CT Hawkeye 105mm Mobile Howitzer will also be featured on the show floor. In Partnership with Mandus Group and utilizing the patented Soft Recoil Technology, the HUMVEE 2-CT Hawkeye can rapidly engage targets with both indirect and direct fires and move out to avoid counterfire strikes with the agility that the battle-tested HUMVEE platform is known for. The HUMVEE 2-CT Hawkeye is currently undergoing testing in the Eastern European theater as the company sees increasing demand for this mobile artillery system to counter near peer threats.

AM General is also debuting the first from-the-ground-up build of the MIMIC-V (Mission Integrated Maneuverable Interoperable Conformable Vehicle) prototype. The MIMIC-V is a platform that has been designed and engineered to serve the ultra-unique needs of our special operations Warfighters. Formerly the AM General Chieftain, the MIMIC-V is the Company’s solution to tactical security. This high-performance and low-signature truck can operate in any environment for any tactical mission. As the name implies, MIMIC-V’s key differentiator is that it can reduce its signature by looking like a commercial vehicle.

About AM General
AM General engineers, manufactures, and supports specialized vehicles for military and commercial customers. Its global presence of diverse product offerings in over 70 countries uniquely positions AM General to enhance interoperability across Allies and build on its long-standing defense industry and automotive partnerships. AM General’s innovative spirit delivers advanced, rugged, resilient, and dependable mobility solutions that will move you. With a well-rounded product portfolio, which includes the iconic HUMVEE vehicles, Joint Light Tactical Vehicle A2 (JLTV A2), the next-generation HUMVEE Saber light tactical truck that has enhanced levels of protection, and the revolutionary soft recoil technology for mobile platforms, AM General strives to offer continuous improvement that is ready now. AM General has extensive experience meeting the changing needs of the defense and automotive industries, supported by its employees at major facilities in Indiana, Michigan, and Ohio, and a strong supplier base that stretches across 43 states. Please see more information about AM General at www.amgeneral.com.

Media Contact: Deborah Reyes, Executive Director, Global Marketing and Strategic Communications
E-mail: deborah.reyes@amgeneral.com 

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SOURCE AM General LLC

CIBC’s mobile platform rated best consumer banking mobile experience for the 7th time in the past 8 years

TORONTO, Oct. 11, 2024 /CNW/ – CIBC has won the 2024 Mobile Banking Award by Surviscor Inc., a North American firm specializing in the analysis and ranking of Canadian digital customer experiences. CIBC ranks the highest among mobile banking apps offered by Canada’s big banks. 

“Being recognized as the highest ranked mobile banking app by Surviscor Inc. for the 7th time speaks to our team’s commitment to our clients and their mobile banking experience,” said Michael Clabby, Executive Vice-President, Head of Digital, Data and Strategy, CIBC. “We’re committed to continuously finding ways to add value to our clients who choose mobile to help them stay on top of their everyday banking and stay connected to their financial goals.”

The Surviscor Canadian Mobile Banking Experience Review audits 23 Canadian digital banking firms including Canada’s big banks, leading credit unions, popular neo (branchless) banks, and other firms that identify as a bank or a co-operative movement, each offering a banking platform designed to be used on a phone. The digital platforms are evaluated over five experience categories (pre-login, user experience, account information, transactional and mobile resources), using over 300 individual usage criteria and based on over 2700 objective questions per firm.

About CIBC
CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.

About Surviscor Inc.
Surviscor is a North American leader in the analysis and ranking of Canadian digital customer experiences provided by service firms. Surviscor’s popular digital brokerage and banking reviews are powered by its proprietary scorCard methodology, identifying the BEST and WORST digital customer experiences. All studies and analyses serve as industry benchmarks for consumers and industry participants by identifying digital offerings considered to be leading-edge as compared to the industry standard. For further information visit, http://www.surviscor.com

SOURCE CIBC