As health and wellbeing technology continues to evolve, new solutions emerge that contribute to changing the shape of the benefits industry, including those addressing cost and quality transparency. While pricing transparency tools have been available for a number of years, recent developments across the workplace benefits environment are prompting a harder look at these offerings and driving a need for growth and expansion in the market.

Growing demand for quality information

Employers and their benefits consultants continue to pursue efforts to improve outcomes, quality, cost and the overall health care experience for employees. This effort has been further accelerated by the new pricing transparency regulations that went into effect early next year. Implementing provider cost and quality tools is now a must-have, with an emphasis on helping employees identify and seek care from high-quality providers.