PORTSMOUTH, N.H. and FORT WORTH, Texas, Aug. 29, 2018 /PRNewswire-PRWeb/ -- MMS Analytics, Inc. dba MyMedicalShopper, a leading provider of healthcare price transparency solutions, and Higginbotham, the largest independent insurance and financial services firm based in Texas, are partnering to give consumers more choice and control with respect to their healthcare spending. Today the companies announced the partnership, making MyMedicalShopper's advanced healthcare price transparency software and cost-saving employer tools available to Higginbotham clients.
Higginbotham can now deliver MyMedicalShopper's suite of products, which bring cutting-edge price transparency technology, robust claims analytics, and streamlined administration to employers and their employees. MyMedicalShopper™, ClaimsFlow™, and their powerful employer analytics package are now available to Higginbotham's entire client base. In addition, the MyMedicalShopper suite will be tightly integrated with Higginbotham's administrative platform and member portals for those clients who leverage Higginbotham's administrative services for consumer-directed health accounts.
"We are excited to be partnering with Higginbotham to bring innovative solutions to their clients to help them control their healthcare costs," says MyMedicalShopper co-founder and CEO, Mark Galvin. "We seek out partners who work hard to find creative solutions to address their customers' pain points. By partnering with progressive benefits advisors and administrators, we can collectively reverse the trend of rising healthcare costs for businesses and their employees alike."
For Higginbotham, a property/casualty insurance and employee benefits broker that offers a broad range of administrative solutions to employers, this new offering is a significant step towards an improved health benefits environment for its clients. While Higginbotham is bringing MyMedicalShopper's suite of cost-saving tools to their clients, the firm is also doubling down on technology that will streamline administrative processes and make it easier for participants to adopt and embrace a variety of consumer-directed health accounts. MyMedicalShopper's ClaimsFlow technology will now seamlessly connect participants' health plans and claims to the tax-advantaged accounts that Higginbotham administers, including their health savings accounts (HSAs), health reimbursement arrangements (HRAs), and flexible spending accounts (FSAs).
"In our business, leadership is critical," says Michael Parks, managing director of financial services for Higginbotham. "That's why we spend so much time studying the industry, investigating potential solutions, and investing in the technology and partnerships that we believe can bring the most value to our clients. We think MyMedicalShopper has built the best platform for delivering information and empowering medical consumers. We're excited to bring its solutions to our clients and help them drive down their healthcare costs."
MyMedicalShopper provides a comprehensive platform for employers that wish to arm their employees with a tool that makes shopping for medical care as easy as a Google search.
ClaimsFlow automates much of the administrative burden and error-prone human processes involved in adjudicating employee reimbursements for consumer-directed health (CDH) accounts. Participants can leverage connections to more than 100 insurance carrier and health plan member portals to facilitate rapid adjudication of claim reimbursements and automatic substantiation of debit card transactions.
About MyMedicalShopper (http://www.MyMedicalShopper.com)
MMS Analytics, Inc. dba MyMedicalShopper™ is a big data company on a mission to revolutionize healthcare. The founders started the company out of the need to bring transparency to consumers and the companies who provide healthcare benefits to their employees—providing the leverage needed to make solid decisions on their healthcare and improve their quality of life. Consumers previously unaware of price variations in procedures and testing can utilize real-time health insurance plan pricing information that makes it possible to choose care based on price, quality, and convenience. Experts document that as much as $1 trillion could be slashed annually from the cost of healthcare in the U.S. MyMedicalShopper aims to transform the healthcare industry into a fair market for consumers.
About Higginbotham (http://www.higginbotham.net)
Higginbotham is a single source for insurance and financial services that brokers business insurance, employee benefits, retirement plans, executive benefits, life insurance and home/auto insurance from more than 250 regional and national carriers. It supplements coverage with in-house risk management and benefit plan administration services. The firm was founded in 1948 and is headquartered in Fort Worth, Texas, with 28 additional offices serving domestic and international customers. Higginbotham ranks by revenue as the nation's 27th largest independent insurance brokerage firm, making it the largest Texas-based broker (Business Insurance, July 2018).
SOURCE MyMedicalShopper
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