HealthSparq Acquires ClarusHealth to Become a Market Leader In Quickly Growing Healthcare Transparency Industry

SAN FRANCISCO, CA – HealthSparq, a leading healthcare transparency solutions provider, announced today that it has acquired ClarusHealth Solutions, a leading healthcare provider search vendor. The companies will combine and extend their current transparency and healthcare shopping solution offerings. Together, HealthSparq and ClarusHealth will provide health plans and employers with a robust and integrated healthcare shopping platform, allowing their members and employees to make informed healthcare decisions, ultimately incurring lower costs.

The combined organization will be a market leader in the integrated transparency and healthcare shopping space, providing solutions and tools to 60 different health insurance plans that together provide coverage for more than 60 million individuals.

As the healthcare industry evolves, the market dictates that consumers have easier access to tools and information that will help them compare healthcare treatment options based on cost and quality factors. Last year, the Board of Directors of America’s Health Insurance Plans issued a statement declaring that improved transparency was one of three key strategies for reducing healthcare costs. In addition, a study commissioned by HealthSparq and conducted by The Cicero Group found that transparency is expected to emerge as a point of greater organizational focus for health plans. Finally, a case study conducted with the largest health plan in the Pacific Northwest showed potential savings of $49 million based on usage of HealthSparq’s Treatment Cost Estimator tool for treatments related to specific medical conditions. – See more at: http://www.healthsparq.com/about-healthsparq/press-releases/healthsparq-acquires-clarushealth-to-become-a-market-leader-in-quickly-growing-healthcare-transparency-industry/#sthash.5q2aITZc.dpuf

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