changehealth

Medical billing transparency has been a huge issue until now. Change:healthcare has built a platform to “yank the covers off the medical world and exposing fair pricing for consumer-driven healthcare (CDHC) in the process.”

From their press release:

The recently released Millman Report found a 10.5% increase in healthcare cost this year over last year. Most of the increase was absorbed by the consumer and not their employer, part of a shift to consumer-directed healthcare, where consumers are expected to pick up more of the healthcare tab. Studies show that it works to hold premium costs down for employers and more companies appear to be joining the CDHC ranks.

“It’s obscene that people can pay a different price for the same healthcare service from the same healthcare provider,” said change:healthcare co-founder Robert Hendrick. “I’ve personally seen a bill for $3,667 that was negotiated down to $385 by my insurance company. Had I not been insured, the provider would have come after me for the $3,667, but since I was insured, they accepted the $385.”