By Doug Horner, Content Marketing Strategist Recently, our EVP of Sales and Sales Strategy explained how his background in consumer electronics has influenced his approach to working in healthcare. I, too, have a background in consumer goods, but less in electronics, and more in beer and cannabis (yes, that kind of cannabis). So, hi. I’ll […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Doug Hornerhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngDoug Horner2020-05-27 15:32:462020-07-24 15:21:05Healthcare Costs for Dummies, by a Dummy
The economist, Milton Friedman in “How to Cure Health Care” writes that one of the factors “explaining both the high level of spending on medical care and the dissatisfaction with that spending” is “nobody spends somebody else’s money as wisely or as frugally as he spends his own.” His observation is a crucial factor for […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00mmsanalyticshttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngmmsanalytics2019-10-23 14:48:242020-07-24 15:18:36Price Transparency Alone Will Not Reduce the Cost of Healthcare Without Consumer Interest in Shopping
Health savings accounts (HSAs) provide employees enrolled in high-deductible health plans (HDHPs), a tax-advantaged way to save and pay for out-of-pocket medical expenses. Combining a price transparency solution with an HSA account allows employees to decrease their healthcare costs by 30 to 40 percent today and maximize the value of an HSA for future medical […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00mmsanalyticshttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngmmsanalytics2019-08-14 15:59:172020-07-24 15:20:21How a price transparency tool can help maximize the value of an HSA!
As a relatively new entrant into the workforce, I feel confident expressing that there are opportunities for improvement when it comes to benefit plans and the consideration and impact on current and future generations – specifically, health plans. (And of course, I feel confident expressing myself. As a millennial, I’ve been told that I’m allowed […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Matthew McCormickhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngMatthew McCormick2019-07-16 20:35:372020-07-24 15:28:10Benefits that Benefit All
I have written about the virtues of HSAs before. But never did it become so clear to me that HSAs can be better than other retirement accounts such as 401(k) and IRA (I had a hunch, though). HSAs have been around since 2003; yet, in my opinion, the HSA is the most misunderstood, the most […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2018-07-01 21:20:262020-08-12 18:27:43Is a health savings account (HSA) better than a 401(k)? You decide.
Cost and quality—they’re always related right? Well, usually. Sometimes we buy the cheaper good or service when we’re looking to save money, understanding the trade off is often quality. We might buy a hamburger at a fast food joint for $2 instead of spending $10 at the local pub. The same goes when we’re buying […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2017-10-01 14:30:142020-07-24 15:38:39Cost, quality, and your healthcare—a story about relationships
Since their creation as “tax-advantaged” accounts by Congress in 2003, the prevalence of health savings accounts (HSA) has been growing steadily despite the reality that the health insurance industry doesn’t like them. Even with the industry floating “Fear, Uncertainty and Doubt” (a.k.a. FUD-factor), consumers are starting to see the light when it comes to high […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2017-04-02 15:44:572020-10-01 17:32:03Don’t have an HSA? Here’s why you need one.
While many factors may be contributing to the lack of salary increases in America, have you considered that one of the biggest culprits might be the rising cost of healthcare? In the past decade alone, health insurance premiums for families have risen 73%, dramatically outpacing increases in family income (read more here about the study […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2017-02-02 21:09:072020-07-24 15:35:45Not happy about your salary increases (or lack thereof) over the past decade? You might want to blame it on healthcare.
Just when you thought we were done talking about health savings accounts, here we are again talking about HSAs. We’ve outlined HSAs before, but new reports indicate that they may be more of a necessity than simply an added benefit. One thing we’ve spent a lot of time discussing is the use of HSAs as […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2016-03-02 20:31:532020-07-24 15:35:46It pays to shop for healthcare, when you have the right tool
There’s been a lot of buzz around hospital systems lately—mostly about mergers and acquisitions and consolidations. But something else has been making headlines recently in the hospital system world: quality. More specifically, the industry is questioning whether or not the number of times a procedure has been performed is an accurate indicator of quality. Currently, […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2016-02-01 14:53:072020-07-24 17:02:33Could the controversial decision of three major hospitals save thousands of lives?
Happy New Year from the MyMedicalShopper Team! Yup, it’s 2016. And with a new year, comes new goals, and trends, and fads. If you’re looking once again to take control of your healthcare, we’ve got some easy ways to ensure you’re able to take control physically and financially. They’re easy. Really easy. We’re pretty certain […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2016-01-02 13:57:002020-07-24 15:35:467 ways to take control of your physical and financial health in 2016
If you’ve been keeping up with healthcare news this week, you may have noticed the headlines buzzing about the demand for price transparency or the lack thereof—even in states where it is required by law. The Health Care Cost Institute (HCCI), a non-profit, non-partisan organization—supported by Humana, Aetna, Kaiser Permanente, and UnitedHealthcare—made waves this week […]
Dear Douglas White, Last week, the team here at MyMedicalShopper read an article published by Kaiser Health News highlighting your frustration with healthcare price transparency, or the lack thereof. We’re writing this week to tell you not to lose faith! Our platform has already helped thousands of New Hampshire residents avoid surprise medical bills, and […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2015-06-05 15:01:242020-07-24 17:08:28Dear Douglas White, price transparency can be stupid
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2015-03-04 15:13:572020-07-24 17:10:31The 80-20 rule and its unintended consequence
Since the inception of the Affordable Care Act, many employers have been concerned about the looming “Cadillac” tax scheduled to take effect in 2018. Insurance companies and employers with self-funded health plans will be on the hook for this excise tax—to the tune of a 40% penalty on the value of their health plans in […]
If you’ve been watching the news lately, and you’ve been paying attention, you may have heard some buzz around price transparency in the healthcare industry. Now that this idea is finally getting some attention, you might be wondering: “Should I care about this at all?” The answer is that you should care a lot, because […]
https://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.png00Christopherhttps://mmsanalytics.com/wp-content/uploads/2019/06/MMS_Single_with_Slogan_600.pngChristopher2015-01-05 20:58:482020-07-24 17:14:45Why price transparency is such a big deal in the healthcare industry