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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 slide uses a decision tree to map the claim workflow and identifies specific segments (shaded) as MultiPlan's revenue drivers.",
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      "text": "After achieving significant adoption among UHC customers, Naviguard intends to roll out its services broadly to other insurers. Such a move endangers the remainder of MPLN's revenues.",
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      "text": "Shading denotes MultiPlan business areas. Collectively, these are responsible for the majority of FY2019 revenues. * Indicates that patient may be balance-billed by provider and/or facility, depending on agreement with plan sponsor",
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      "text": "Naviguard has the full backing of UHC: We understand that UHC is funding its operations and providing the means to reach millions of insured lives quickly. We believe that there are few obstacles for commercial clients to switch to Naviguard, other than approval from unions where applicable.",
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      "text": "UHC's internal healthcare plans have also switched to Naviguard. This action placed a UHC seal of approval on the Naviguard product. In fact, internal Naviguard deployment at United swayed a top-five national insurer customer in deciding to contract with Naviguard. One executive at this top-five United States health plan attested that UHC's decision to use Naviguard was an important positive signal in that plan's choice to use Naviguard. The executive praised UHC's combination of analytics and execution, stating that when UHC builds a new product line, \"they'll investigate and do the best in class. The best reference for Naviguard was United.\"",
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      "text": "“they’ll investigate and do the best in class. The best reference for Naviguard was United.” — Interview with Senior Executive at a Top-Five National Health Plan, October 2020",
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      "text": "How MPLN's Largest Segments Fit Into a Generalized Insurance Claim Workflow",
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