Claritev Corporation (“Claritev” or the “Company”) (NYSE: CTEV), formerly known as MultiPlan, a technology, data and insights company focused on making healthcare more affordable, transparent and fair for all, today announced that one of its data and decision science solutions, Ceres®, has been selected as winner of the “Data Solution of the Year for Insurance” award in the 6th annual Data Breakthrough Awards’ Industry Applications Category. Data Breakthrough, an independent market intelligence organization, recognizes the top companies, technologies and products in the global data technology market.
Ceres is Claritev’s innovative data solution designed to empower supplemental carriers and benefits brokers with the ability to deliver unbiased, customized benefit recommendations. The platform combines advanced AI-powered insights and decades of de-identified claims data from over a million members* to transform the traditionally intuition-based process of supplemental plan design into a data-driven science, shifting the focus from lowest-cost offerings to high-value, population-specific plans.
“At Claritev, we believe that data and technology should empower people—not replace them,” said Travis Dalton, Chairman, CEO and President of Claritev. “Ceres is the perfect example of that philosophy in action. Ceres is a game-changer in the supplemental benefits space and we’re proud to be recognized by Data Breakthrough for a solution that’s redefining what’s possible in supplemental insurance.”
The annual Data Breakthrough Awards is the premier awards program founded to recognize data technology innovators, leaders and visionaries from around the world in a range of categories, including DataOps, Data Analytics, AI, Business Intelligence, Data Privacy, Data Storage and many more. The 6th annual Data Breakthrough Award program attracted thousands of nominations from across the globe.
“Ceres represents exactly the kind of next-generation thinking we aim to spotlight through the Data Breakthrough Awards,” said Steve Johansson, Managing Director of Data Breakthrough. “By applying advanced AI and machine learning to an incredibly rich data set, Claritev has created a platform that empowers carriers to design and price plans with unprecedented accuracy and speed. Ceres is transforming how supplemental benefits are developed and sold.”
Ceres can be used to model different census scenarios to see which benefits provide the highest value to participants through predicted utilization and payout amounts. These informed predictions based on an extensive data warehouse are benchmarked against similar employer groups. This can empower strategic advisors to confidently recommend the right product or product mix in supplemental plan design, and organizations can then confidently offer the best supplemental benefits according to their population’s specific needs.
* The platform only utilizes claims data that Claritev has been authorized to retain and is permitted to use.
About Claritev
Claritev, formerly known as MultiPlan, is a healthcare technology, data and insights company focused on delivering affordability, transparency and quality to the U.S. healthcare system. Led by a team of deeply experienced associates, data scientists and innovators, Claritev provides cutting-edge solutions and services fueled by over 40 years of claims processing data. Claritev leverages world-class technology and AI to power a robust enterprise platform that delivers meaningful insights to drive affordability and price transparency and optimizes networks and benefits design in healthcare. By developing purpose-built solutions that support all key stakeholders — including payors, employers, patients, providers and third parties — Claritev is dedicated to making healthcare more accessible and affordable for all.
Claritev serves more than 700 healthcare payors, over 100,000 employers, 60 million consumers, and 1.4 million contracted providers. For more information, visit claritev.com
About Data Breakthrough
Part of the Tech Breakthrough organization, a leading global provider of market intelligence and recognition platforms for technology innovation and leadership, the Data Breakthrough Awards program is devoted to honoring innovation and market disruption in data technologies, services, companies and products. The global Data Breakthrough Awards program provides a forum for public recognition around the achievements of data companies and solutions in categories including data analytics, DataOps, data management, infrastructure and hardware, storage, Business Intelligence and more. For more information visit DataBreakthroughAwards.com.
Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.
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