HealthSparq acquires ClarusHealth to boost its healthcare transparency solutions offering

HealthSparq acquires ClarusHealth to boost its healthcare transparency solutions offering

HealthSparq has acquired ClarusHealth Solutions, a leading healthcare provider search vendor, to extend its current transparency and healthcare shopping solution offerings. Together, HealthSparq and ClarusHealth will provide health plans and employers with the most robust and integrated healthcare shopping platform, allowing their members and employees to make informed healthcare decisions, and save money along the way.

Combined HealthSparq and ClarusHealth will emerge as 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.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.

“HealthSparq’s co-founders are healthcare transparency pioneers and our solutions are proven in the marketplace,” said Scott Decker, president of HealthSparq. “Adding the ClarusHealth team and product offering to HealthSparq’s capabilities will allow us to continue to innovate and provide our customers with industry-leading healthcare shopping solutions.”

Recent 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. Another 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.