Bundled Payment Web Site Appeals to Self-Pay and HDHP Consumers

Many employers are now providing high deductible heath plans (HDHP) to their employees with lower monthly cost to the companies but with a catch -- the employees need to pay more of the healthcare costs themselves (i.e., the deductible) before the insurance company covers anything. HDHPs have begun to stimulate consumers to shop for lower priced healthcare services. The Dark Daily recently discussed bundled pricing which provides the opportunity for consumers to save money on healthcare (see: More Providers and Payers Use Bundled Pricing to Serve Patients with High Deductibles in a Trend That Has Financial Implications for Clinical Laboratories). Below are some of the details from the article: With so many people seeking more economical choices for their healthcare needs, providers, hospitals, and health insurers are exploring the options bundled pricing offers. One new twist in the healthcare marketplace is a type of company that specializes in negotiating bundled healthcare options that service the self-pay market. These companies make their offerings available to patients through websites designed specifically to be searched by patients who want to select healthcare providers based on cost and performance. One example of this new type of company is MDSave....Launched in 2012..., the MDSave website offers patients discounts of as much as 60% on medical care, including office visits, surgeries, and X-rays. The...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Cost of Healthcare Health Insurance Healthcare Delivery Medical Consumerism Source Type: blogs