Making Informed Choices
As health care prices continue to rise and consumers assume responsibility for a growing proportion of the costs, many people are looking for ways to make cost-effective health care choices. HealtheReports™, an online pricing transparency tool available from MedCost in partnership with RemitDATA, allows members to access and compare episodic costs for over 60 common medical procedures, based on the MedCost Network provider allowable. In addition, your members can review nationally recognized quality indicators and feedback from other members on experiences with a particular provider or facility.
Potential Savings For Members’ Wallets And Your
It’s not uncommon for the same procedure to be performed for hundreds, even thousands, less by a different provider without compromising quality, so your members have the potential to save on out-of-pocket expenses for themselves while also saving money for your health plan. To calculate their total costs for a procedure, members also may need to contact their claims payer to determine the portion of the allowable amount for which they will be responsible, since this will vary based on deductible and coverage levels.