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Change Healthcare Offers Cost Transparency Support Through Liazon

NASHVILLE, Tenn., Sept. 14, 2016 /PRNewswire/ -- Change Healthcare, a leading provider of software and analytics, network solutions and technology-enabled services designed to enable smarter healthcare, is working with Liazon, operator of the industry-leading private benefits exchange Bright Choices®, to be a preferred healthcare cost transparency vendor for employees who obtain benefits through Liazon-powered private exchanges.

As a preferred vendor, Change Healthcare's True View Engagement Platform will help consumers and organizations make more informed health shopping decisions around price, convenience and quality for thousands of medical services and prescriptions. Value-based shopping is increasingly important as consumers use exchanges to find the right healthcare options for their families and are empowered to make smart health spending decisions. As high-deductible health plans continue to grow in popularity, it has spurred the demand for effective tools that will better enable consumers to make more educated decisions.

"By offering a cost transparency solution through Liazon and Bright Choices, Change Healthcare is able to provide more people the ability to search for high-quality, best-value medical care in a simple, user-friendly environment," said Tate McDaniel, Senior Vice President of Change Healthcare Engagement Solutions. "We see the tremendous opportunity to help reduce healthcare costs by creating smarter healthcare consumers, improve financial well-being for individuals and strive for better health outcomes. We are confident that by working with Liazon, we will help further these efforts."

Liazon's flagship product, the Bright Choices Exchange, is an online benefits store that is changing the way employers and employees buy benefits. Bright Choices helps employers save money on their healthcare costs by setting predictable budgets while allowing employees to personalize their benefits package with a selection of health, dental, vision, life, disability and other benefits from top national and regional providers.

"When you put the purchasing decision and power into the hands of those who are affected by it, you get better choices and better cost predictability across the board," said Alan Cohen, Chief Strategy Officer and Co-Founder of Liazon.

Change Healthcare True View Engagement Platform for Liazon includes:

  • Search functionality with comprehensive results on more than 4,000 prescription medications and over 1,000 of the most commonly used medical services that empowers members to compare costs and know the price they would pay at a specific provider based on their individual plan, network and location;
  • Data driven from the Intelligent Health Network, the single largest financial and administrative network in the U.S. healthcare system;
  • Well Alerts, targeted reminders that support wellness, chronic care, point-of-care initiatives and big ticket items;
  • Ways to Save® Alerts, personalized messages showing employees how to save on prescriptions and medical services; and
  • Healthcare University®, a library of video and educational content that teaches employees the basics of health insurance and healthcare consumerism.

To learn more about Change Healthcare True View, visit engage.changehealthcare.com/trueview.

About Change Healthcare
Change Healthcare is a leading provider of software and analytics, network solutions and technology-enabled services all designed to enable smarter healthcare. By leveraging our Intelligent Healthcare Network – the single largest financial and administrative network in the United States healthcare system – payers, providers and pharmacies are able to improve efficiency, reduce costs, increase cash flow and more effectively manage complex workflows. Learn more at www.changehealthcare.com.

About Liazon
Liazon operates the industry-leading private benefits exchanges for businesses across the U.S.  Liazon's exchange, distributed under the brand name Bright Choices® and as a private label, is an online benefits store that allows employees to personalize their benefits package with a selection of health, dental, vision, life, disability, and a host of other benefits from top national and regional providers. Bright Choices enables companies to achieve a benefits strategy that maximizes value for their benefits dollars and helps attract and retain talent through high employee satisfaction and empowerment. Liazon was acquired by Towers Watson, now Willis Towers Watson, in 2013. To learn more about Liazon and the Bright Choices Exchange, go to www.liazon.com.

SOURCE Change Healthcare

For further information: Julie Trudell, Senior Vice President, Corporate Communications and Investor Relations, 615.932.3445, jtrudell@changehealthcare.com

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