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  "documentTitle": "MultiPlan Corp (MPLN)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "presentationDate": "2020-11-11 00:00:00",
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  "notes": "The text highlights a contradiction between MPLN's claims and executive feedback regarding their payment integrity capabilities.",
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      "text": "A former MPLN executive described MPLN's Payment Integrity unit as \"years, years away\" from industry leaders in Payment Integrity, directly contradicting MPLN's claims about the division.",
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      "text": "In the case of MPLN’s complementary network, MPLN enters into agreements with providers for discounts of 10% to 30% to their out-of-network amounts. To access this network, employers pay MPLN a similar take rate as with Data iSight. However, the importance of the complementary network appears to be decreasing as the most egregious errors and fraudulent billing get mitigated. A top-five national health plan executive told us that Naviguard’s Payment Integrity function, by virtue of being better than MPLN’s at catching fraud and waste in bills, also made complementary networks like MPLN’s “much less” necessary by containing the most egregious out-of-network billing.8 By contrast, it bears noting that a former MPLN executive described MPLN’s Payment Integrity unit as “years, years away” from industry leaders in Payment Integrity, directly contradicting MPLN’s claims about the division.9",
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      "kind": "paragraph",
      "text": "revenue model actively encourages balance billing: Customer relationships that most expose members to balance bills are the “type of revenue-generating customer that MPLN wants”, per one former executive.7 Naviguard solves these problems by removing misaligned incentives that cause potentially ruinous financial and legal situations for members.",
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      "text": "Below is a summary of scenarios in which MPLN typically generates revenue through its analytics-based services and its complementary network:",
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      "text": "\"type of revenue-generating customer that MPLN wants\" — Former MPLN Executive B. \"years, years away\" — Former MPLN Executive B.",
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      "text": "7 Interview with Former MPLN Executive B, October 2020\n8 Interview with Senior Executive at a Top-Five National Health Plan, October 2020\n9 Interview with Former MPLN Executive B, October 2020",
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