Monocle Health Data was founded by Michael Cadger, a healthcare finance expert with 30+ years of experience in the health system, payer and employer segments of the healthcare industry. Michael recognized early in his career that medical cost, price and quality information was needed by consumers to make better choices and by providers to promote competition.

Michael has been an industry innovator throughout his career. After creating the first US Centers of Excellence (CoE) network in 1988 for Delta Air Lines, he replicated this work for other large self-funded health plan sponsors. He then “repurposed” his model to leading health systems to help them differentiate their CoEs on quality and bundled payments.

However, those CoEs were limited to episodic procedures, so Michael embarked on a 20-year mission to expand the CoE model to chronic illnesses (which represent two-thirds to three-fourths of all health care costs). With the advent of better data collection and powerful search engines, Michael found a team of experts to transform his vision of true cost/price and quality transparency into reality.