This week, Save On Medical will be adding over 450 new providers to their website which helps patients find pricing for medical procedures and schedule appointments online.
The new physicians are from 22 different states including:
- New Jersey
- New York
- Rhode Island
This is especially relevant to patients in states with large uninsured populations despite the Obamacare sanctioned exchanges. The prices shown on the website are self-pay prices, which means it is the lowest price someone would be charged if they were paying completely out-of-pocket.
With increased health costs and increased business costs, employers are looking for more creative and innovative ways to cover their employees. Benefit management groups like Arthur J. Gallagher & Co. are constantly searching for new tools to help their clients save money, so we decided to put together some materials for them. Being based in Florida, we thought we’d take a look at average costs in the state to estimate potential overall savings for employers.
Cost Per MRI
Cost of 50 MRIs
Average Cost in Florida
Save On Medical Average
The price difference comes out to $42,764 worth of savings, on just 50 MRIs. For a large, self-insured company; those kinds of savings are significant. There are other benefits as well of course, other than price. With over 100 imaging centers in Florida being in Save On Medical’s network, Florida employers have plenty of options when it comes to care for their employees. There is nothing worse than paying an arm and a leg for an MRI when you don’t even have the option of choosing where you go for it. Consumerism in healthcare has been long coming and employees are starting to recognize their role in it all.
Employers have their own set of benefits as well including:
Improved quality of care due to Save On Medical’s rigorous standards for physicians
Better care coordination
Customized care plan for employees
Things are not as they used to be for employers. Consumerism in health care is not a pipe dream anymore, the tools exists to help them find affordable care for their employees. If you need help taking matters into your own hands, Save On Medical can help. Click here to save money on health costs for your company.
After the 2014 price transparency report card came out last week, it could be inferred that not much has been accomplished over the last year in the way of transparency improvement. This is because of the significantly lower grades that Catalyst for Payment Reform has awarded the states this year. It’s not all as “clear” as that though, because a lot has changed based on how their grading system worked. This year they decided to raise the bar by no longer grading the states on a curve. The result was that no states received A’s this year and a significantly larger number of states received failing grades.
There is a lot that goes into grading that states and it can be confusing to those that aren’t well versed in the language of price transparency. The Reader’s Digest version of this grading system is as follows:
- Ability for patients to request pricing information prior to rendering services
- Public report on pricing
- Public website
Scope: number of services listed
Ease of Use: clear language, no jargon, easy navigation
Utility: estimates of a consumer’ out-of-pocket expenses
Accuracy/Data Exchange: current data (from 2012 or more recent)
These components have a number of smaller details that go into them, based on hospital services, inpatient versus outpatient or provider costs. Sates scores are then based on the scope of information the state has available to patients. Some have changed significantly in the last year, showing that they have a long way to go.
Earlier this week, the transparency superstars at Catalyst for Payment Reform released their 2014 report card on state-by-state transparency efforts. In 2013, their report went viral, highlighting the seriously lackluster state of transparency across the country. This year, the grades are even more dismal. The top 2 states; Maine and Massachusetts received ‘B’ grades. In second place, we have Colorado, Vermont and Virginia, who don’t really even have much to brag about coming in with a ‘C’ grade. The rest of the states received ‘F’ grades and clearly have a LOT of work to do.