Pricing Healthcare is blowing the doors off of healthcare pricing by exposing the closely guarded pricing secrets of insurers and healthcare providers – nationwide.
When we release our free Beta in June 2013 (pricingHealthcare.com), we won’t be just another site providing over-generalized estimates or very small fragments of the pricing picture for medical services. We let consumers go to a single, easy-to-use website where they can compare actual procedure-level prices across all the healthcare facilities in their area. There are a lot of prices out there: providers’ list prices, insurance-negotiated rates, and the “black market” price – discounted rates for cash payers not claiming insurance. We show people all of it. You wouldn’t believe how varied they can be, and you might find that paying cash is considerably cheaper than going through your insurance. This doesn’t exist anywhere else, and it has the potential to save a lot of people in America hundreds and thousands of dollars in medical costs.
Other companies have tried to get ahold of pricing information from hospitals and insurers for years, but it’s in the best interests of the medical establishment to keep their prices from patients. Open pricing leads to competition, when tends to lower prices. The only people who benefit from this is consumers (exactly!).
The data that could transform the healthcare industry is out there. It’s sitting in our file cabinets and in the pile of bills on our kitchen counter. Our model is to help patients come together at the grass roots level, and anonymously share the pricing data from their healthcare bills online. That data is then combined and shown for your specific community, anywhere in the country. It’s as simple as it is revolutionary.
Imagine what we could all do, collectively, with all the data from our healthcare bills anonymously online and freely available to other consumers. Healthcare providers, like all American businesses, will have to compete on quality and price.