HealthCost Launches New York/New Jersey Network with Three Top Healthcare Providers

NEW YORK CITY (April  30, 2018)HealthCost, the only health care network offering an open marketplace for setting, comparing, and locking-in healthcare costs, is announcing partnerships with Zwanger-Pesiri Radiology, Saint Peter’s Healthcare System in New Brunswick and Orthopedic Associates of Dutchess County. All three are highly respected, cutting-edge medical providers located in the greater New York City area.

transparencyFor the first time, through these partnerships, each facility will be able to control its HealthCost Network pricing based on the true value of its staff’s experience and the quality of its care and facilities.  Douglas Tardio, one of the founders at HealthCost, states “After decades of managed care companies and the government  telling healthcare providers what they were willing to pay, we thought it was time for healthcare providers to set their own rates and be able to change them at any time.”  “Our offer is simple, let us help gain access to additional patients, including the millions of uninsured, self-insured small businesses, out-of-network and other self-pay consumers at rates you determine.”

Meanwhile, consumers will now be able to utilize HealthCost.com or download the HealthCost app to search for the exact cost of individual healthcare procedures at these facilities, compare how pricing for the same procedure changes at other local facilities and lock in prices in advance of the delivery of care.

As these partnerships blossom and benefit all parties, HealthCost continues to develop and provide consumers with what Bill Moore, founding partner of HealthCost, calls a “uniquely active” form of price transparency in healthcare.  “We are not about sharing the average cost of a procedure in a market.”  “Instead, we offer consumers the opportunity to shop for and now directly purchase healthcare services at HealthCost.com.”  We look forward to partnering with additional healthcare providers throughout the New York/New Jersey market and offering a new path forward for both healthcare practitioners and the patients they serve.”

About HealthCost:

HealthCost was formed when six healthcare veterans joined forces in 2016 around the shared belief that a free, transparent healthcare marketplace could complement traditional plan-based solutions for consumers. The tech startup aims at bringing simple, borderless, and market driven choice to every consumer for the most common healthcare procedures. HealthCost.com includes searchable charges and quality data provided by the Centers for Medicare & Medicaid Services (CMS), however, providers have the ability to join the network to set and manage their own rates.

 

 

Any views or opinions represented in this blog are personal and belong solely to the blog owner and do not represent those of people, institutions or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated. All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this blog or found by following any link on this blog. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.

HealthCost: The Network for Everyone Else

The statistics from the Kaiser Family Foundation and CDC speak for themselves. Too many Americans are left paying excessive costs for healthcare services. They’re either completely uninsured or they fall within a network with extremely high deductibles that force them to pay heavy out-of-pocket expenses for their healthcare needs.

healthcost network

HealthCost is giving the power back to the consumer by providing a searchable database for these families and individuals to make informed decisions.

With HealthCost, you can search for a specific medical procedure, imaging procedure or specialty physician to find the doctor you want at the cost you need.

Any views or opinions represented in this blog are personal and belong solely to the blog owner and do not represent those of people, institutions or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated. All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this blog or found by following any link on this blog. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.

HealthCost Tackles Cost of Healthcare Services in Washington, D.C.

Washington, D.C. (May 8, 2017)—Moving healthcare price transparency from passive knowledge to actionable purchasing power, HealthCost, launched a technology platform giving providers and patients the knowledge and control of costs associated with healthcare. At Health Datapalooza in Washington, D.C., U.S. Secretary of Health and Human Services Tom Price, M.D., kicked off the conference where HealthCost.com made its debut, making it the only national healthcare network offering an open marketplace for setting, comparing and, soon, locking-in healthcare costs.

“While Washington is fixated on insurance coverage numbers, more than 50 million American consumers with and without health insurance are now equally faced with directly paying for thousands of dollars in healthcare services each year.” said William A. Moore, founding partner at HealthCost, who introduced the new free market network to a diverse audience of more than 1,600 people focused on how healthcare can be improved by harnessing the power of data. “There’s not a lot of difference between the uninsured, those in narrow networks or those who have extremely high deductibles. All of those patients are paying out of pocket. Period. Leaving families across the nation in financial wreckage. We’re giving them the freedom and control to know what docs and healthcare facilities are charging before they receive care. It’s the knowledge they need to make a choice when the price variance can be as high as 400%,” said Moore.

Datapalooza attendees from the public and private sectors included representatives from the U.S. Department of Health and Human Services (HHS), the Centers for Medicare and Medicaid Services (CMS), hospitals, higher education, healthcare practitioners, technology leaders, patients and patient advocates.

“Many inside the healthcare establishment dismiss consumers as lacking the knowledge or desire to learn about the cost and quality of their care. They say it’s too complex,” said Douglas Tardio, one of the HealthCost founding partners. “At the same time they tell them they must spend $4,000 of their hard earned money before insurance pays a dime. At HealthCost we think the decision to engage in healthcare decisions should be left to the consumer not big business.”

Gregory Downing, D.O., Ph.D, co-founder of Health Datapalooza and Executive Director for Innovation in the Immediate Office of the Secretary at HHS shared “Health Datapalooza was created to convene entreprenuers and policy markers who share the simple idea that transparency and exchange of data throughout the health care system would unleash massive innovation. As a founder of this data-enabled movement for health-care system innovation, I can see the remarkable culture change that has come about through the liberation of data.”

Over 10,000 consumers have already gained access to see costs and information on more than 800 common episodes of care provided by more than 550,000 U.S. healthcare practitioners on HealthCost.com or the HealthCost app.

“Consumers can comparison shop online for everything from homes to higher education. Everything, that is, except healthcare. Until now,” said Moore. “HealthCost is stopping the endless cycle of cost shifting that always leaves doctors and patients on the losing end. With HealthCost, healthcare will be like other transparent, open markets, where consumers and providers (as buyers and sellers) mutually drive costs and demand.”

HealthCost harnesses the power of big data from the Centers for Medicare & Medicaid Services (CMS) and offers a transparent and open market solution to all. At HealthCost, patients can now search for the exact cost of individual healthcare procedures. While other search tools only share average regional rates, HealthCost openly displays actual costs from each individual doctor and the facility where he or she performs the procedure. Consumers can also compare how costs for the same procedure, performed by the same doctor, changes from facility to facility. Any consumer can access the network, compare prices between providers and locations, and soon, lock-in a price with the provider of their choice in advance.

HealthCost provides newfound freedom to the provider, too. The network allows providers to set and manage their own network rates, and since it’s an open network, HealthCost frees providers to reach new patients at reimbursement rates they determine.

“Now is the time for providers to join and begin setting their own network rates,” said Moore. “We’ve made it easy. With HealthCost, the network is open, not narrow. It’s time providers had the freedom to determine the mix of patients and reimbursements that’s right for them.”

“This may all seem like common sense – and it is – but it’s revolutionary in healthcare,” said Moore. “We believe that in America today the actual costs of goods and services should never be hidden from healthcare consumers. When consumers don’t know what providers are actually being paid for their goods and services and when providers can’t adjust their pricing based on market conditions or compete for patients who are uninsured or simply out of network, no one wins, especially individual Americans in their time of need.”

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About HealthCost:

HealthCost is the only network offering an open marketplace for setting, comparing and locking-in healthcare costs. Like other transparent, open markets, consumers and providers (as buyers and sellers) now mutually drive costs and demand. HealthCost providers have the freedom to set their own HealthCost network rates and reach new consumers, no matter how, or if, they are insured. HealthCost consumers have the freedom to comparison shop and lock-in rates with any provider they choose.

HealthCost was formed when six colleagues joined forces in 2016 around the shared belief that a free, transparent healthcare marketplace could compliment traditional plan-based solutions for consumers. All with differing backgrounds but one shared mission, William Moore, Douglas Tardio, Russell Amico, M.D., Frank Frenzel, William Tausig and Robert Moses are all founding partners of the tech startup, aimed at bringing simple, borderless, and market driven choice to every consumer for the most common healthcare needs. HealthCost.com includes searchable charges and quality data provided by the Centers for Medicare & Medicaid Services (CMS), however, providers have the ability to join the network to set and manage their own rates.

 

 

Any views or opinions represented in this blog are personal and belong solely to the blog owner and do not represent those of people, institutions or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated. All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this blog or found by following any link on this blog. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.

HealthCost Has the Cure for Healthcare: Truly Free Markets

Isle of Palms, SC (April 13, 2017)— HealthCost, the only network offering an open healthcare marketplace, has launched HealthCost.com to give control back to patients and providers. Through the website and mobile app, HealthCost allows providers to set their own market rates and patients to shop, compare and, eventually, lock-in specific rates that fit their need.

“While open pricing and comparison shopping exists in every other area of our economy—from airlines to automobiles—you won’t find them in healthcare. Until now,” said William Moore, founding partner at HealthCost. “We’re completely changing the patient and provider relationship by putting both in control of healthcare costs.”

Patients now shop for common outpatient procedures

Through HealthCost, patients can now search for the exact cost of individual healthcare procedures. While other search tools only share average regional prices, HealthCost openly displays actual costs from each individual doctor and the facility where he or she performs the procedure. Consumers can also compare how pricing for the same procedure changes from facility to facility. Access to the HealthCost network is open to all, giving any consumer the ability to shop and compare healthcare prices independent of the out-of-network rates that have traditionally worked against consumer freedom.

“Until now, consumers have been kept in the dark about healthcare costs; always being told, it’s too complex for them to understand,” said Douglas Tardio, founding partner at HealthCost. “Patients have no idea that the cost of a procedure from the same doctor can have drastically different prices. Do a search for a colonoscopy in New York City and you’ll see a rate of $4,000 at one hospital and with the exact same doctor performing the same procedure you’ll see a price of more than $10,000 at a different hospital. Patients need to know this information so they can make empowered healthcare decisions.”

Providers now set their rates

Through HealthCost.com, healthcare providers can now expand beyond their current health plan networks and reach new traditionally unreachable patients. Before HealthCost, providers struggled to reach the millions of uninsured, self-insured small businesses and out-of-network and other self-pay consumers. Once providers join the HealthCost NetworksSM, they have the freedom to control their pricing based on the true value of their medical education, experience in caring for patients and the quality of the facility and its staff.

The Kaiser Family Foundation, a non-profit organization focusing on national health issues, reports there are 28 million nonelderly uninsured consumers and 63 percent of covered workers are in a self-funded health plan.

“We know there are upwards of 50 million people that aren’t being reached by healthcare providers today,” said Russell Amico, M.D., founding partner at HealthCost. “When providers control their rates and patients are given the knowledge they need to make the best healthcare decision for themselves and their families, everyone wins.”

Believing that a free, transparent healthcare marketplace could compliment traditional plan-based solutions for consumers, HealthCost was formed when six colleagues joined forces in 2016. All with differing backgrounds but one shared mission, William Moore, Douglas Tardio, Russell Amico, M.D., Frank Frenzel, William Tausig and Robert Moses are all founding partners of the tech startup, aimed at bringing simple, borderless, and market driven choice to every consumer for the most common healthcare needs. HealthCost.com includes searchable charges and quality data provided by the Centers for Medicare & Medicaid Services (CMS), however, providers have the ability to join the network and manage their own rates.

About HealthCost:

HealthCost is the only network offering an open marketplace, through HealthCost.com, for setting, comparing and locking-in healthcare costs. Like other transparent, open markets, consumers and providers (as buyers and vendors) now mutually drive costs and demand. HealthCost providers have the freedom to set their own rates and reach new consumers, no matter how, or if, they are insured. HealthCost consumers have the freedom to comparison shop and lock-in rates with any provider they choose.

Any views or opinions represented in this blog are personal and belong solely to the blog owner and do not represent those of people, institutions or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated. All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this blog or found by following any link on this blog. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.