President
ClaraPrice
ClaraPrice provides a cloud-based platform that ensures hospitals comply with federal price transparency regulations by offering a user-friendly web portal for service pricing and payer rate data. The solution also streamlines the creation and management of Good Faith Estimates, centralizes payer contract information, and supports ongoing compliance with evolving legislative requirements.
- Enterprise Software
- Healthcare Technology
- Software Only
Updated 23 months ago
Funding
Raised to date
$400KRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Hospitals face challenges in adhering to evolving federal price transparency regulations, including the difficulty of creating accessible service pricing displays and managing payer contract data. The administrative burden of generating and maintaining Good Faith Estimates, along with keeping up with changing legislative requirements, further complicates compliance efforts.
Solution
ClaraPrice offers a cloud-based platform designed to streamline hospital compliance with price transparency mandates. The platform provides a user-friendly web portal for managing service pricing and payer rate data, ensuring compliance with CMS's OPPS Price Transparency rule. It also simplifies the creation and maintenance of Good Faith Estimates, centralizes payer contract information, and offers ongoing support to adapt to legislative changes. By providing a comprehensive framework, ClaraPrice aims to reduce the administrative burden associated with price transparency and revenue cycle management.
Target Audience
ClaraPrice primarily serves hospitals seeking to ensure compliance with price transparency regulations and streamline their revenue cycle management processes.
Features
- Customizable, hospital-branded website compliant with CMS OPPS Price Transparency requirements
- Streamlined workflow for creating, managing, and maintaining Good Faith Estimates in accordance with the No Surprises Act
- Centralized repository for storing and managing hospital and payer contracts and negotiated rates
- Pricing database and APIs for accessing hospital pricing data
- Secure, cloud-based platform built with scalable software technologies
- Top-tier client support to keep hospitals informed of evolving legislative requirements