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Vālenz® Health Attains New Security Certification, Ensuring Highest Protection of Customer Data

April 21, 2023/in Announcements, Featured, Press/by Maris Panjada

PHOENIX, Ariz. (April 21, 2023) — In its commitment to protecting highly sensitive information for customers and partners, Vālenz® Health has attained SOC 2 Type 2 audit certification, which significantly minimizes risk of data breaches and other costly vulnerabilities.

SOC 2 Type 2 reports are the most comprehensive certification within the SOC protocol. To obtain certification, Valenz underwent a rigorous, long-term audit from an independent third-party auditor licensed by the American Institute of Certified Public Accountants. The audit examines the design of internal controls and the operating effectiveness of data security systems to verify adherence to these high standards.

“In our increasingly data-driven world, cybersecurity is among the top concerns for every company. It is essential that we provide the highest level of data protection for our customers, and they deserve transparency into how we achieve that for true peace of mind,” said Rob Gelb, Chief Executive Officer of Valenz. “Our attainment of SOC 2 Type 2 certification aligns with the Valenz culture of trust and demonstrates our ability to keep customer data private, safe and secure.”

About Vālenz® Health

Vālenz® Health simplifies the complexities of self-insurance for employers through a steadfast commitment to data transparency and decision enablement powered by its Healthcare Ecosystem Optimization Platform. Offering a strong foundation with deep roots in clinical and member advocacy, alongside decades of expertise in the validation, integrity and accuracy of claims, and a suite of risk affinity solutions, Valenz optimizes healthcare for the provider, payer, plan and member. By leveraging data transparency and delivering an omnichannel approach across the healthcare journey, Valenz improves cost, quality and outcomes for employers and their members – engaging early and often for smarter, better, faster healthcare.

https://www.valenzhealth.com/wp-content/uploads/2023/04/Val_SOC2-600x432-1.png 432 600 Maris Panjada https://www.valenzhealth.com/wp-content/uploads/2023/01/valenz-logo-1-23-3.png Maris Panjada2023-04-21 17:18:492023-04-21 17:41:50Vālenz® Health Attains New Security Certification, Ensuring Highest Protection of Customer Data

Certus Management Group White Paper Champions Transparency as Foundational to Fiduciary Responsibility for Self-Insured Health Plans

April 14, 2023/in Announcements, Featured, Press/by Maris Panjada

PHOENIX, Ariz. (April 14, 2023) — Certus Management Group (CMG), a Vālenz® Health Affinity Company, details the role of enhanced transparency in helping self-insured health plans deliver member care with greater cost savings and improved health outcomes in its recently released white paper, “Transparency and Fiduciary Responsibility.”

The Transparency in Coverage rule and No Surprises Act, which took effect in 2022, aim to protect consumers from surprise medical bills by requiring providers and plans to make certain information publicly available so consumers realize total costs of care from the start of the healthcare journey.

While many members still struggle to understand costs before services are rendered, health plans are committed to making full transparency possible, according to Steve Butz, Senior Vice President of Business Development for CMG. In fact, the plan’s fiduciary responsibility is to act in the best financial interest of whom it serves. Because a self-funded plan must pay only reasonable plan expenses, transparency in healthcare illuminates the data and financial information plans need to effectively evaluate all claims received.

“Transparency is essential to everything a health plan does – expanding networks, selecting high-quality and low-cost providers, navigating members across the healthcare journey, and the appropriate payment of claims,” Butz said. “With as many as 80 percent of hospital bills containing errors, it is critical for the plan sponsor to mitigate these errors and understand how its fiduciary responsibility prohibits the reimbursement of claims resulting from errors or abusive charges. That’s how we arrive at the right decisions for lowering overall medical costs, improving health outcomes, and driving better member experiences.”

CMG, a managing general underwriter providing certainty of stop loss protection to self-funded employee benefit plans, was acquired by Valenz Health in 2022 and is part of the Valenz Healthcare Ecosystem Optimization Platform, a fully integrated suite of solutions that simplifies the complexities of self-insurance through data transparency and decision enablement throughout the life of a claim.

Read the full white paper here.

 

About Vālenz® Health

Vālenz® Health simplifies the complexities of self-insurance for employers through a steadfast commitment to data transparency and decision enablement powered by its Healthcare Ecosystem Optimization Platform. Offering a strong foundation with deep roots in clinical and member advocacy, alongside decades of expertise in the validation, integrity and accuracy of claims, and a suite of risk affinity solutions, Valenz optimizes healthcare for the provider, payer, plan and member. By leveraging data transparency and delivering an omnichannel approach across the healthcare journey, Valenz improves cost, quality and outcomes for employers and their members – engaging early and often for smarter, better, faster healthcare.

https://www.valenzhealth.com/wp-content/uploads/2023/04/Val_Transparency-WP-600x432-1.png 432 600 Maris Panjada https://www.valenzhealth.com/wp-content/uploads/2023/01/valenz-logo-1-23-3.png Maris Panjada2023-04-14 15:04:202023-04-14 15:04:20Certus Management Group White Paper Champions Transparency as Foundational to Fiduciary Responsibility for Self-Insured Health Plans

Vālenz® Health Attends SIIA Future Leaders Forum

April 7, 2023/in Announcements, Events, Featured, Press/by kamryn cain

PHOENIX, Ariz. (April 7, 2023) — The Vālenz® Health team will arrive in Indianapolis next week to take part in the SIIA Future Leaders Forum, a key networking and educational event designed for younger industry professionals.

A proud SIIA Diamond Member, Valenz is excited to be among many others in the self-insurance industry at the Future Leaders Forum, the only industry event dedicated to connecting the next generation of executives and thought leaders through topics that impact the self-insured marketplace of today and tomorrow.

“We love to see the self-insurance industry growing and thriving, and we are looking forward to being part of the SIIA Future Leaders Forum to spark new ideas that influence the future of self-insurance,” said Kaylee Davis, Client Services Executive, who will be part of the Valenz team attending the event.

Including a comprehensive program and several networking events catering to industry professionals age 40 and younger, the SIIA Future Leaders Forum is scheduled for April 11-12 at the Westin Indianapolis. Attendees are encouraged to connect with Valenz about its suite of data-driven solutions that flatten the trajectory of health plan costs, empowering the self-insurance industry to thrive.

About Vālenz® Health

Vālenz® Health simplifies the complexities of self-insurance for employers through a steadfast commitment to data transparency and decision enablement powered by its Healthcare Ecosystem Optimization Platform. Offering a strong foundation with deep roots in clinical and member advocacy, alongside decades of expertise in the validation, integrity and accuracy of claims, and a suite of risk affinity solutions, Valenz optimizes healthcare for the provider, payer, plan and member. By leveraging data transparency and delivering an omnichannel approach across the healthcare journey, Valenz improves cost, quality and outcomes for employers and their members – engaging early and often for smarter, better, faster healthcare.

https://www.valenzhealth.com/wp-content/uploads/2023/04/Future-Leader-Forum-600x432-1.png 432 600 kamryn cain https://www.valenzhealth.com/wp-content/uploads/2023/01/valenz-logo-1-23-3.png kamryn cain2023-04-07 20:54:082023-04-07 20:59:41Vālenz® Health Attends SIIA Future Leaders Forum

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