More insurers and employers are shifting the ever increasing cost of healthcare onto their workers and customers via high-deductible insurance plans. These high-deductible plans are causing providers to experience pressures as they try to collect payments from their patients who have not reached their deductibles. Medxoom can help patients save money and providers collect money owed with our easy to use payments technology.
Increasing healthcare costs are causing both patients and doctors to lose trust in the United States healthcare system as a whole. This patient’s doctor prescribed medication that cost over “$15,000 a shot” for her breast cancer treatment. Medxoom’s price and quality comparison technology platform helps patient’s get clarity and information to discuss with their doctors before treatment.
As healthcare costs continue to rise and remain unknown prior to service, patients are still left in the dark to know pricing or compare alternatives prior to getting their procedures. This patient trusted her provider and ended up with a medical bill described as “astronomical and nuts” by one. Medxoom’s technology platform provides much-needed pre-service comparison price and quality ratings for providers based on any plan’s historical network pricing data.
The absence of comparison shopping tools tied directly to an employee’s health plan leads to overpaying for most medical procedures and ever higher healthcare costs. Before getting a medical procedure or service, Medxoom gives employers and their employees the ability to compare the price and quality of specific procedures at providers in their network based on their own plan’s historical data. Medxoom’s private label mobile technology platform provides much-needed comparison shopping, claim payments, and CRM for employer health plans.
As healthcare costs continue to rise, some are pushing back against the industry standards, proving that there is a way to decrease costs. ProPublica features one such story, of Marilyn Bartlett pushing back to save millions in healthcare costs in Montana. Medxoom allows employers and their employees to know the price and quality rating of a hospital procedure before deciding where to go.
This article highlights growing hospital monopolies as a major contributor to the rising cost of healthcare for Americans today. Learn about the industry consolidation that’s allowed greater negotiating power that continues to drive up healthcare costs and minimizes pricing transparency. Medxoom lets employers and their employees know hospital procedure pricing before going, so they can select the highest quality lowest cost hospital for their needs.
Rising healthcare costs are a well-known issue in the U.S. healthcare industry, but the reasoning behind increased costs isn’t always clear (intentionally), which provides a perfect environment for continued rising costs. Medxoom can help employers and their employees chose lower cost higher quality providers before a doctor or hospital visit.
Without transparency in the healthcare industry or regulation around pricing, healthcare costs are bound to continue to rise without reason. Changing the industry isn’t a simple task either due to the agreements between insurers and hospitals. Medxoom allows employers and their employees to shine a light into the black box of hospital pricing before selecting a provider.
The lack of transparency in the industry continues. Benefits broker Carl Schuessler, inspired by his wife’s procedure, looks more into why a simple question like “How much is this going to cost?” cannot be answered. If Carl’s family had Medxoom, he could have looked up the price for the HIDA Scan at various local providers and selected the lowest cost highest quality provider before going.
Healthcare patients continue to experience excessive billing from hospitals, including Surprise Bills sent directly to patients, known as Balance Billing in the industry. This practice, usually a nasty surprise to the patient, can cause irreparable financial harm and stress and are a reason why Medxoom helps provide transparent healthcare costs prior to medical procedures for consumers, employers, brokers, and TPAs alike.