HealthPlanIQ, an independent fiduciary benchmarking platform for employer health plans, has partnered with Switchbridge, a health plan data integration company, to give employers faster access to the normalized data behind fee-reasonableness benchmarking.
Switchbridge connects and normalizes data from carriers, TPAs, PBMs, and other sources. Through that established pipeline, Switchbridge clients can now reach HealthPlanIQ’s benchmarking platform directly, which the companies say shortens the path from collecting data to completing a fee-reasonableness evaluation.
The barrier the partnership targets is a familiar one for self-funded employers, who are fiduciaries for their health plans. The duty to show that plan fees are reasonable depends on clean, comparable data, and assembling that data has often been the hard part. “Healthcare has no shortage of data,” said Craig Rosenthal, CEO of HealthPlanIQ, pointing to the missing piece as a consistent way to analyze it.
Switchbridge is HIPAA-secure and ISO 27001:2022-certified. The company says it will remain open and vendor-agnostic, continuing to support other analytics and benchmarking tools so employers can choose what fits them.
Read the full announcement.