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About NewChoiceHealth.com
By Staff Reporters
NewChoiceHealth, Inc. is an online comparison shopping marketplace built to provide healthcare consumers a way to save money. With NewChoiceHealth.com, consumers can easily locate medical facilities and compare medical procedure costs for services like MRIs, CT scans, mammograms, and more. Patients may shop nationwide, or right in their own local market from over 20,000 medical facilities for over 400 of the most commonly performed medical procedures.
Employer Portal
The site also features an employer portal to combat the rapidly escalating costs of healthcare. A Medical Cost Action Plan (mCAP) is reported to deliver an independent, unbiased, measurable plan which segments employer’s medical cost consumption categories into measurable Consumer Healthcare Efficiency Indices (CHEI) to deliver an actionable plan that reduces healthcare costs.
The Founder
CEO and Founder Brad Myers is a medical cost expert with 24 years of broad experience and extensive knowledge in medical cost informatics, healthcare insurance, managed care, clinical laboratory, and health and life insurance. His website message to ME-P readers, and others, is “shop & save!”
Assessment
Employee passion drives price transparency to healthcare consumers through the web site www.NewChoiceHealth.com Give it a click, for more information, and tell us what you think!
Conclusion
And so, your thoughts and comments on this Medical Executive-Post are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.
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Filed under: Accounting, Ethics, Health Economics, Health Insurance, Healthcare Finance, Information Technology, Managed Care | Tagged: Brad Myers, Consumer Healthcare Efficiency Indices, CT scans, healthcare price transparency, Medical Cost Action Plan, medical price transparency, MRIs, www.NewChoiceHealth.com |
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Failure to Disclose
Do some orthopedic surgeons fail to disclose DME payments? Some say … yes!
http://online.wsj.com/article/SB10001424052748704252004574459423318094700.html
Chase
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NY to Offer Price Comparison Website for Consumers
Using almost $100 million it received in settlement money from insurers, the state of New York created a not-for-profit company and an independent research network to develop a database and Web site that patients can use to compare prices for healthcare services, New York state Attorney General Andrew Cuomo announced.
The company is called Fair Health and the research network will be headquartered at Syracuse University, but will also include Cornell University, the State University of New York at Buffalo, SUNY Upstate Medical University and the University of Rochester. It will be led by Deborah Freund, a professor of public administration at Syracuse University.
Fair Health and the research network also will create a consumer Web site so patients can calculate how much they will be reimbursed for out-of-network healthcare services in their area, a news release said.
Source: Andis Robeznieks, Modern Healthcare [10/27/09]
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The Sunshine Act and Health Care Transparency
The Physicians Payments Sunshine Act (Sunshine Act), part of the ACA, was finalized CMS in February 2013.
The purpose of the Sunshine Act is to deter industry influence on medical treatment by requiring manufacturers of drugs, devices, biological and medical supplies covered by Medicare, Medicaid, or the Children’s Health Insurance Program to report to CMS those payments or other “transfers of value” they make to physicians or teaching hospitals.
However, some physicians believe the Sunshine Act may falsely condemn legitimate work they do for the industry.
Read More … http://www.healthcapital.com/hcc/newsletter/2_13/SUN.pdf
http://www.HealthCapital.com
via Hope Rachel Hetico RN MHA
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Employers Pressing Providers for Price Transparency
Large companies are ratcheting up efforts to make providers more accountable and transparent on quality and price as businesses struggle to control healthcare costs, according to an employer survey. A quarter of large employers now use financial incentives to obtain provider accountability for their care, according to a Towers Watson and National Business Group on Health survey of 583 companies with at least 1,000 employees. By next year, 33% expect to use such incentives.
Some of the incentives intended to encourage high-quality care come in the form of bonuses and penalties applied directly to payments to providers. Others differentiate costs for employees to encourage the use of high-quality providers.
For example, 12% of the companies vary their employees’ cost sharing based on whether they use designated providers, and 31% of the large employers planned to use such incentives by 2014.
Source: Rich Daly, Modern Healthcare [3/7/13]
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