HealthPriceCompare, a healthcare price transparency solution leader, has announced the release of the latest version of its transformative healthcare price comparison engine. By leveraging previously unavailable hospital price data, it empowers patients with the information needed to compare providers based on insurance contracted prices, cash prices, distance and quality.
“With healthcare consumers paying more upfront out-of-pocket costs due to increasing deductibles and cost sharing, the right resource is needed to make the right care decisions,” said Jay Williamson, founder of HealthPriceCompare. “By entering just three pieces of information – zip code, procedure description and insurance plan - patients can instantly compare both insurance contracted and cash prices for common, but expensive medical procedures like MRIs, CT scans and endoscopies.”
This latest enhancement consists of a simplified patient interface plus additional procedure cost information resources.
"'What you'll find is that procedure costs vary tremendously. For example, insurance contracted prices for a CT scan of the head in the Dallas, TX metropolitan area typically range from $1,715 to $4,260. By using HealthPriceCompare, a patient enrolled in a high-deductible health plan will see that they can get the same procedure for $334 by paying cash - a savings of nearly $1,400."
“Increased out-of-pocket costs and the consumer adoption of digital price comparison tools in other industries have disrupted patient attitudes and expectations of providers and the healthcare purchasing process,” said Williamson. “We believe in the transformative power of price transparency and its ability to reinvent the patient experience.”
For more information about HealthPriceCompare, visit https://healthpricecompare.com.
About HealthPriceCompare
HealthPriceCompare’s mission is empowering patients to make provider decisions based on price, distance and quality. With patients paying more out-of-pocket costs than ever before, the right resource is needed to make the right care decisions. Our transformative comparison tool enables this by leveraging healthcare data to instantly compare price, distance and quality information for outpatient medical procedures. We believe in the transformative power of price transparency and its ability to reinvent the patient experience.
Media Contact
Company Name: HealthPriceCompare
Contact Person: Jay Williamson
Email: Send Email
Phone: 1-888-787-4364
Country: United States
Website: https://www.healthpricecompare.com/
