OXLO Systems Releases State-by-State Competitive Info on Health Insurance Plan Benefits & Pricing

BROOMFIELD, Colo., March 14, 2012 /PRNewswire/ -- OXLO Systems, Inc., a Software as Service company that provides market intelligence for a variety of industries, has announced the availability of comprehensive competitive information about health insurance plan benefits and pricing data for all 50 states. According to the company, this data is aggregated and normalized to provide "apples to apples" comparisons to help health care executives make solid business decisions about emerging alternatives to conventional provider/payer relationships.

"We're seeing major changes in the health care marketplace. Providers are forming new, risk-taking relationships, including forming networks among competing providers, affiliations with insurers, local networks and, in particular, Accountable Care Organizations," explains Gene Brothers, CEO and President of OXLO Systems. 

Through Accountable Care Organizations (ACOs), a group of health care providers offer coordinated care and receive payments that are tied to achieving health care quality goals and outcomes that result in cost savings. The health care law passed in 2011 focused on the creation of ACOs for Medicare patients, but there is increasing interest in the concept to control costs for commercial patients as well.

Mr. Brothers reports that new provider/payer relationships and an increase in health care provider mergers and consolidations has created a demand for hard information on which to base business decisions. OXLO Health Insurance Insight™ provides local, regional and national competitive data that decision makers in the health care industry need. The online service provides comprehensive data about health plan rates and coverages through Plan Data Aggregation, Plan Review and Rate Monitoring, Data Feeds and a Reporting Engine.

OXLO offers a free white paper about ACOs at http://blog.oxlo.com/the-future-of-health-care-delivery-white-paper.  

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About OXLO Systems, Inc.

OXLO Systems was founded in 2003 in Broomfield, Colorado. The company provides competitive business intelligence and data solutions for a wide range of industries including automotive, financial services, insurance and health care. OXLO currently provides data and information solutions to 40% of the top health insurance companies in the U.S. Visit http://healthinsurance.oxlo.com for more information.

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CONTACT:

Martin F. Cody, [email protected]
OXLO Systems, Inc. 
303.285.2408
http://www.Oxlo.com 

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SOURCE OXLO Systems, Inc.