Nonprofit or community organization
Last modified: November 17, 2010, 12:27 PM
FAIR Health, Inc. is a tax-exempt, not-for-profit entity funded out of $95 million in proceeds from a settlement achieved by the New York State Attorney General impacting the insurance industry. The organization is charged with creating a robust, accurate, and transparent database containing reimbursement information relevant to out-of-network physician charges as well as an easily navigable, website available for public use by consumers. The database will be marketed nationwide and licensed to insurance companies, self-insured plans, third party administrators, state and federal government agencies, policy institutes, and the like. The data contained in the database will be utilized for a variety of purposes other than calculating out-of-network charges; for example, the data will be made available for research impacting health care policy, economics, clinical care, epidemiological studies and medical education.