#244 Using Data to Optimize Costs in Healthcare with Travis Dalton and Jocelyn Jiang President/CEO & VP of Data & Decision Science at MultiPlan

Sep 16, 2024

Guest

Jocelyn Jiang

Guest

Travis Dalton

Travis Dalton, President and CEO of MultiPlan, and Jocelyn Jiang, VP of Data & Decision Science, dive into how data is revolutionizing healthcare. They tackle the complexities of the U.S. healthcare payment system, the need for transparency, and the impact of machine learning on cost prediction. Their insights reveal how data analytics drives early intervention strategies and benefits rural healthcare. With a focus on predictive methods and informed consumer choices, they share how to create a more efficient and affordable healthcare landscape.

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INSIGHT

Healthcare Pricing Opacity

Healthcare pricing in the US is opaque, leading to overspending and suboptimal outcomes.
Price transparency and predictability, driven by data analysis and machine learning, are key to improving the system.

INSIGHT

US Healthcare System Overview

US healthcare involves government-funded (Medicare/Medicaid) and commercial insurance.
Costs vary based on in-network agreements, negotiated rates, and out-of-network options.

INSIGHT

Pricing Discrepancies

The current system lacks price transparency, making it difficult to compare costs.
Prices vary significantly between providers, even for identical procedures.

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In healthcare, data is becoming one of the most valuable tools for improving patient care and reducing costs. But with massive amounts of information and complex systems, how do organizations turn that data into actionable insights? How can AI and machine learning be used to create more transparency and help patients make better decisions? And more importantly, how can we ensure that these technologies make healthcare more efficient and affordable for everyone involved?

Travis Dalton is the President and CEO at Multiplan overseeing the execution of the company's mission and growth strategy. He has 20 years of leadership experience, with a focus on reducing the cost of healthcare, and enabling better outcomes for patients and healthcare providers. Previously, he was a General Manager and Executive VP at Oracle Health.

Jocelyn Jiang is the Vice President of Data & Decision Science at MultiPlan, a role she has held since 2023. In her position, she is responsible for leading the data and analytics initiatives that drive the company’s strategic growth and enhance its service offerings in the healthcare sector. Jocelyn brings extensive experience from her previous roles in healthcare and data science, including her time at EPIC Insurance Brokers & Consultants and Aon, where she worked in various capacities focusing on health and welfare consulting and actuarial analysis.

In the episode, Richie, Travis and Jocelyn explore the US healthcare system and the industry-specific challenges professionals face, the role of data in healthcare, ML and data science in healthcare, the future potential of healthcare tech, the global application of healthcare data solutions and much more.

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