About 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.

```xml <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. </problem> <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. </solution> <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 </features> <target_audience> ClaraPrice primarily serves hospitals seeking to ensure compliance with price transparency regulations and streamline their revenue cycle management processes. </target_audience> ```

What does ClaraPrice do?

Where is ClaraPrice located?

ClaraPrice is based in Austin, United States.

When was ClaraPrice founded?

ClaraPrice was founded in 2018.

How much funding has ClaraPrice raised?

ClaraPrice has raised 400000.

Location

Austin, United States

Founded

2018

Funding

400000

Employees

7 employees

Major Investors

Health Wildcatters

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ClaraPrice

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Executive Summary

claraprice.com 700+

Crunchbase

Founded 2018 – Austin, United States

Funding

Estimated Funding

$300K+

Major Investors

Health Wildcatters

Team (5+)

No team information available.

Company Description

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.

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

Target Audience

ClaraPrice primarily serves hospitals seeking to ensure compliance with price transparency regulations and streamline their revenue cycle management processes.