Vālenz Introduces v-Lens, Industry’s Most Complete Reporting, Analytics Program

PHOENIX, Ariz. (March 24, 2020) – In the latest illustration of its company-wide commitment to innovation and collaboration, Vālenz™ has announced the launch of v-Lens, a complete reporting and analytics program for the self-insured employer and payer communities.

For self-insured employers, third party administrators and payers, insights from v-Lens enable greater, more data-driven collaboration with health plan partners – partners now equipped with the most comprehensive platform of actionable drill-down data available. The result is more strategic, proactive decision-making on behalf of employers, which means engaging early and often for smarter, better, faster healthcare.

“With healthcare costs continuing to rise every year, using data to more strategically manage claim administration has become paramount,” said Denny Johnson, Senior Sales Executive at Valenz. To make smarter decisions, employers and their health plan partners need to understand what drives the numbers behind their healthcare spending and how they can better manage those drivers to control the trends. “If an organization is managing healthcare costs using old assumptions, they are probably overlooking the very drivers that most expose them to significantly adverse outcomes,” Johnson added.

As a proprietary layer of the complete Vālenz ecosystem, v-Lens is powered by Planwatch and fueled by integrated data from Valenz’s four core solutions: claim management, care management, high-value networks and payment integrity. It is also supported with top industry sources and evidence-based guidelines to ensure a holistic view of all factors related to cost, payment, utilization, quality and more.

“Looking at plan performance through v-Lens continuously uncovers new opportunities to improve costs without compromising quality,” said Valenz Chief Executive Officer Rob Gelb. “Through advanced analytics and predictive modeling, v-Lens enables more proactive decision making – and thanks to robust integration within the Valenz ecosystem, those decisions are immediately actionable and quickly beneficial.”

To learn more about v-Lens, visit valenzhealth.com/vlens.

About Valenz

Through a complete health administrative ecosystem, Valenz connects cost and quality data on a single-source, end-to-end analytics platform for smarter, better, faster healthcare. Valenz solutions integrate data from comprehensive care management services (Valenz Care), high-value provider networks (Valenz Access), claim flow management (Valenz Claim), and solutions for payment integrity, revenue cycle management and eligibility compliance (Valenz Assurance) into the ecosystem. More information is available online at valenzhealth.com. Valenz is backed by Great Point Partners.

About ProServe Health Informatics

 Planwatch, a product of ProServe Health Informatics, examines historical, current, and future health plan dimensions, integrates, combines and compares pharmacy and medical costs, identifies cost drivers and performance metrics, and provides tested solutions to minimize plan expenditures. For more information, visit www.plan-watch.com.

About Great Point Partners

Great Point Partners (“GPP”), founded in 2003 and based in Greenwich, CT, is a leading healthcare investment firm, currently with approximately $1.8 billion of equity capital under management and 28 professionals, investing in the United States, Canada and Western Europe. Learn more at www.gppfunds.com.

A Brief Message on COVID-19 Testing from Vālenz CEO

We are pleased to see the IRS waive cost sharing for COVID-19 testing for workers enrolled in High Deductible Health Plans (HDHP). Based on conversations with several of our clients, we will likely see self-insured employers with other plan types follow suit. This is a good first step. So is the use of telehealth to reduce the impact on crowded emergency and urgent care centers by delivering a safe, alternative path to medical guidance, especially for plan members who may be considered in lower risk categories. As the nation’s first data-driven health administrative ecosystem, we are strong proponents for engaging early and often to help our clients achieve smarter, better, faster healthcare. Despite these challenging times, there are creative and proactive practices to remove barriers to care and treatment for plan members, employees, patients – let’s work together to put them into play.

Portrait of Brittney Parrish, Senior Client Services Executive, Vālenz

Vālenz Welcomes Brittney Parrish as Senior Client Services Executive

PHOENIX, Ariz. (March 2, 2020) – Vālenz™, a leading innovator for data-driven solutions that reduce medical claim costs and promote quality healthcare, is pleased to announce that Brittney Parrish has joined the team as Senior Client Services Executive. With nearly 15 years’ experience in sales and account management in the health industry, Parrish is highly skilled in business development and client services, including managing large territories and identifying growth opportunities.

Parrish comes to Valenz from Preferred Medical, where, as Regional Account Manager, she was responsible for managing sales, service and relationship-building. Her prior work experience also includes sales positions at GENEX Services and Johnson & Johnson.

“I am excited to join this industry-leading team and support its data-driven vision of reducing costs for clients while enhancing quality of care,” Parrish said. “Through the complete Valenz health administrative ecosystem, I look forward to delivering solutions to clients that result in better health outcomes at lower costs.”

A graduate of the University of Richmond, Parrish’s skill sets include strategic sales planning, account analysis and development, client service, and negotiations – all key to her new role at Valenz, according to Tom Cox, Vice President, Client Services.

“Brittney brings many strengths that support our ongoing commitment to growing our services and client base,” Cox said. “As we continue to expand our analytic and predictive capabilities to provide smarter, better, faster healthcare for our clients, we are proud to have her on our team.”

About Valenz

Through a complete health administrative ecosystem, Valenz connects cost and quality data on a single-source, end-to-end analytics platform for smarter, better, faster healthcare. Valenz solutions integrate data from comprehensive care management services (Valenz Care), high-value provider networks (Valenz Access), claim flow management (Valenz Claim), and solutions for payment integrity, revenue cycle management and eligibility compliance (Valenz Assurance) into the ecosystem. More information is available online at valenzhealth.com. Valenz is backed by Great Point Partners.

About Great Point Partners

Great Point Partners (“GPP”), founded in 2003 and based in Greenwich, CT, is a leading healthcare investment firm, currently with approximately $1.8 billion of equity capital under management and 28 professionals, investing in the United States, Canada and Western Europe. Learn more at www.gppfunds.com.