MultiPlan

Claritev, formerly known as MultiPlan, is a healthcare technology, data, and insights company founded in 1980 that focuses on enhancing affordability, transparency, and quality in the U.S. healthcare system. The company was originally established as a New York-based hospital network to address the issue of insurance coverage for out-of-network care when people traveled. It evolved from a Preferred Provider Organization (PPO) network provider into a comprehensive data analytics and technology-enabled platform through strategic acquisitions like Viant and Discovery Health Partners.

The company operates as a key intermediary between healthcare payers, providers, and patients, offering solutions to manage medical costs. Its business model is centered on reducing healthcare expenses and streamlining medical billing and claims processing. Revenue is primarily generated through service fees, often calculated as a percentage of the savings achieved for its clients on medical claims. Claritev serves over 700 healthcare payers, which include insurance companies, third-party administrators, and self-insured employers, as well as over 100,000 employers, 60 million consumers, and 1.4 million contracted providers.

Claritev's services are grouped into several core segments: analytics-based services, data and decision science, network-based services, and payment and revenue integrity services. The company leverages advanced data analytics and its extensive provider network to identify cost-saving opportunities and ensure payment accuracy. In 2023, MultiPlan identified $22.9 billion in potential medical savings. A significant milestone in the company's history was its transition to a publicly traded entity (NYSE: CTEV) in 2020 through a merger with Churchill Capital Corp III, which raised approximately $3.7 billion in gross proceeds. In early 2025, the company rebranded from MultiPlan to Claritev to reflect its transformation and focus on technology and data-driven solutions. The leadership team includes Travis Dalton as President, CEO, and Executive Chairman.

Keywords: healthcare cost management, data analytics, payment integrity, provider network optimization, revenue integrity solutions, healthcare technology, medical claims processing, PPO networks, healthcare transparency, surprise billing services, data-driven healthcare, medical cost savings, healthcare payers, claims negotiation, network-based services, health plan solutions, medical billing analytics, out-of-network solutions