There is often a level of uncertainty when you’re unable to book an appointment with your regular doctor – should you visit an emergency room (ER) or an urgent care facility? Both have their benefits, but the real kicker comes with cost.
The Wall Street Journal recently published an article discussing 2018 projected healthcare premium increases. Before we get lost in the numbers, let’s consider these points.
Price variance is the term used to describe price differences for the same medical procedure from one facility to another. Customers expect pricing to be consistent. The secret to eliminating price variance in healthcare is in price transparency.
When it comes to most of the major purchases we make, we readily discuss and often negotiate the cost with a seller. Yet, when it comes to healthcare costs, most of us have somehow come to believe two things—the cost is what it is and it’s inappropriate, or even rude, to talk about anything related to costs with our healthcare providers.
A recent article in the New York Times article suggested that the Affordable Care Act had taken unemployed factory workers and provided them with healthcare jobs. In fact, the Deputy Mayor for Economic Development for the city of Akron said, “People who used to make deliveries to factories are now making them to hospitals.” Is this an incredible achievement? Well, let’s take a closer look.
The healthcare system is broken—not just for patients, but for providers as well. Until now, there has never been an open or straightforward way for doctors and healthcare professionals to adjust their own fees or share their actual pricing with their patients.
It’s been 75 years since the miracle drug Penicillin has hit the market. This got me thinking. With the media spotlight shining brightly on the cost of drugs in recent months, I wondered just how much this universally known, widely available drug might actually cost today.
We’re constantly adding data and making improvements to HealthCost.com to enhance the shopping experience for healthcare procedures and office visits. For this reason, we’re thrilled to now offer imaging services to our searchable database.
Enacted in the 70s – and catching on in metropolitan areas by the early 80s – copays, a component of health maintenance organizations (HMOs), may have been a leading factor in the destruction of our health insurance system. So why are insurance companies trying them again?
When you shop, how often do you buy without considering the cost? Likely never. You can comparison shop in nearly every industry from travel to higher education and everything in between. Except, that is, for healthcare.
Another day in the life of Congress trying to repeal and replace the Affordable Care Act equals another day of ridiculous remarks from our political leaders without any actionable solutions for consumers.
The free market. It's arguably the single most important factor behind the global dominance of the American economy. Yet one very large segment remains stubbornly on the edges, if not totally outside, our free market system: healthcare.
Washington, D.C. (May 8, 2017)—Moving healthcare price transparency from passive knowledge to actionable purchasing power, HealthCost, launched a technology platform giving providers and patients the knowledge and control of costs associated with healthcare. At Health Datapalooza in Washington, D.C., U.S. Secretary of Health and Human Services Tom Price, M.D., kicked off the conference where HealthCost.com made its debut, making it the only national healthcare network offering an open marketplace for setting, comparing and, soon, locking-in healthcare costs.
Isle of Palms, SC (April 13, 2017)— HealthCost, the only network offering an open healthcare marketplace, has launched HealthCost.com to give control back to patients and providers. Through the website and mobile app, HealthCost allows providers to set their own market rates and patients to shop, compare and, eventually, lock-in specific rates that fit their need.