Healthcare Market Problem
A never ending increase in annual healthcare premiums, patient deductible and out-of-pocket costs
- Lack of price transparency needed to identify high cost facilities
- Impossible for consumers to effectively comparison shop for healthcare services
- Confusing bills with no easy way to manage, track, and pay for healthcare
Employers and employees feel stuck. Medxoom enables employers and their covered members to make smarter, well informed, care choices.
Intuitive white label platform and services supporting cost containment programs
- Ready for your brand, responsive web portal and mobile apps
- Real-Time web services for easy integration to existing solutions
- Infinitely scalable data platform fueled by your plan’s claims, market data, and reliable 3rd sources
- The most advanced Machine Learning and AI technology available in market
- Payment and financial services built in and ready to deploy
A recent report has shown that consumers don’t know how much cost variation there is in health care services between providers, and it’s costing them $18 billion in overpayments due to the price variation seen across the healthcare industry from hospitals. In network price variation is negatively impacting all U.S. consumers. Medxoom’s proprietary comparison shopping tool allows consumers and employers to get a better understanding of the price and quality variation of a medical service before they get it.
Axios has found that hospital admissions, surgeries, and other procedures has been flat but that hasn’t prevented them from continuing to bring in more money than 2018. The rising costs in healthcare costs are a contributing factor, yet hospitals are making more money than ever. Medxoom can help even out the playing field in the modern healthcare marketplace with our proprietary price comparison shopping tool.