New York-based global healthcare data technology company H1 announced in a press release on January 8 the acquisition of Ribbon Health, a provider data platform.

NEW YORK--(BUSINESS WIRE)--Ribbon Health, a provider data and technology company, today announced the launch of Ribbon Provider Data Platform, disrupting a long history of industry challenges with provider data. The cloud-native SaaS platform combines Ribbon’s high-quality provider data directory with advanced data management capabilities – a powerful, first-of-its-kind combination for the industry that allows healthcare enterprises to easily configure custom data workflows to drive operational efficiency and value. Customers of the Provider Data Platform have reduced their data intake and processing costs by up to 95%, improved data comprehensiveness and accuracy by up to 90%, built better member, patient, and provider experiences, and scaled their operations without worrying about complex provider data.“As a health plan, we’re leveraging Ribbon Provider Data Platform to help us make decisions around how to drive down total medical expenses for our members,” said Jane Zhu, Director of Product Management at Firefly Health. “Ultimately, a big driver of a health plan’s success depends on whether or not we’re able to navigate our members to that high quality, high value care, and the Provider Data Platform is integral to driving those decisions.”Provider data connects patients to the best and right doctors, and is the backbone of any healthcare organization – it’s how claims are paid, networks are designed and members find care. It underpins the critical business processes that make healthcare organizations function, however managing provider data is rife with challenges and a strain on resources. Stemming from a myriad of sources with varying formats and quality levels, provider data has no single source of truth and is constantly changing as providers switch offices, stop practicing, or change their contact information

The Power of Ribbon's Provider Data Platform and MDsave's Nationwide Transactable Network Enables Access to Upfront Comprehensive Prices for Care and Eliminates Surprise BillsNASHVILLE, Tenn., April 11, 2023 /PRNewswire/ -- MDsave, the nation's leading online healthcare services platform connecting providers, employers, and patients to transparent and transactable healthcare, announced today a strategic partnership with Ribbon Health , a leader in healthcare provider data technology and management for care navigators, primary care providers, payers and other innovators across the healthcare industry.MDsave and Ribbon have worked together since 2019 to bring provider reviews to MDsave.com and this expanded partnership furthers each company's mission of making healthcare more accessible and affordable for all. MDsave partners with providers and health systems to create fully bundled care options for employers and care navigators–care is purchased up front with one comprehensive and locked-in price. By fully integrating MDsave's roster of over 3,000 unique medical procedures and 6,000 providers within the Ribbon Health platform, care navigators will be able to easily find and purchase affordable and high-quality care for employers and patients."Our health system partners want to bring an innovative solution to employers in their markets," said Ryan Aipperspach, chief technology officer, MDsave. "Our providers understand transparency is only as good as the transactability of the network. Ribbon makes it easy for us to distribute this solution across the healthcare ecosystem, by enabling their customers with the ability to purchase care at the point of a provider search."The combined Ribbon Health and MDsave solution will allow care navigators who service employers with self-funded arrangements the ability to compare and shop MDsave's nationwide bundled network options right alongside the rest of Ribbon's API-delivered provider data platform."Ribbon is the single source of truth for provider information, and our customers are always seeking innovative ways of making care more affordable for their patients and members," said Nate Maslak, co-founder and chief executive officer, Ribbon Health. "We are very excited to partner with MDsave to further our mission of increasing access to accessible, affordable and high-quality care by enabling our customers to not only view the cost of care, but also purchase more cost-effective care within Ribbon's platform."Ribbon Health continues to launch new capabilities with the ultimate goal of transforming the experience of finding a provider