The world has entered the digital age and every sector is mastering digital technologies to shape their next generation of business. Digital health solutions are continuously empowering healthcare consumers. Leveraging price transparency will be a game-changer in that space.
As a result of missing or hidden consumer information in the healthcare marketplace, premiums and employee out of pocket costs, have outpaced common inflation and employee wage hikes dramatically ending in a healthcare cost crisis. These costs are unrelated to the quality of results and much of the highest quality care is available at the most inexpensive costs.
What about a solution, that can eliminate the wasteful spending from group health plans and contribute meaningful savings to their participants?
MyMedicalShopper – the healthcare price transparency platform and mobile app, provide group health plans and their participants with unique access to hidden or secretive healthcare prices, giving the tools and teaching necessary to recapture a meaningful portion of the forty-one percent average over-spend wasted on merchants of overpriced tests and procedures, taking advantage of machine learning, deep analytics, big data and intuitive user experiences.
Only a few patients are aware of the hidden differences in discounted prices of the healthcare networks. Due to the lack of price information usually available in an active marketplace, we usually overpay for medical tests and procedures. We experience to drive up insurance premiums, higher out-of-pocket costs, and an overall increase in the cost of healthcare.
MyMedicalShopper aims to build products, technology and services to accelerate meaningful savings from the expenses for healthcare. They look keen into the medical price transparency and the reduction of administrative overhead and alignment of financial incentives to fix the broken healthcare marketplace.
They started the revolutionary MyMedicalRewards program to reward the consumer when they make an effort to shop responsibly for their medical care. MyMedicalMetrics Leverages on Big Data analytics platform that supports employers to make data-driven decisions, not mild guesses.
