Overview
A system incorporated into employer group benefit plans to provide subscribers with the best data and guidance needed to drive efficiencies while assuring the finest healthcare outcomes
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Why MyMedicalShopper?
Few patients are aware of the hidden variations in healthcare network “discount” prices. When we overpay for medical tests and procedures due to lack of price information normally available in any efficient marketplace, we experience higher out-of-pocket costs, drive up insurance premiums and increase the cost of healthcare for everyone. See the table below, a representative sample of hidden variations in healthcare “discount” prices.
(negotiated discount, same procedure, same insurance network, different facilities)
As a result of missing normal consumer information in the healthcare marketplace, premiums and employee out of pocket costs have greatly outpaced general inflation and employee wage increases dramatically resulting in a healthcare cost crisis. These costs are unrelated to quality of outcomes. Much of the highest quality care is actually available at the lowest costs.
Warren Buffett: “Medical costs are the tapeworm of American economic competitiveness.”
What is MyMedicalShopper?
Using big data, machine learning, deep analytics and intuitive user experiences, MyMedicalShopper provides group health plans and their participants with unprecedented access to secretive healthcare prices, providing the tools and teaching necessary to recapture a meaningful portion of the 41% average over-spend wasted on vendors of overpriced tests and procedures.
What is MyMedicalRewards?
MyMedicalRewards is a revolutionary program designed to reward you, the consumer, when you make an effort to shop responsibly for your medical care. Everyone wins when we drive down the cost of medical care—you spend less on deductible expenses, your employer spends less on claims reimbursements, and we all pay less in health insurance premiums as a result. MyMedicalRewards is an added bonus created to share even more of these savings with you.
What is MyMedicalMetrics?
Leveraging our Big Data analytics platform, MyMedicalMetrics allows employers to make data-driven decisions-not guesses. Gain real, meaningful insight into user engagement, track aggregate and de-identified medical care consumption in real time, and compare it against regional benchmarks. Using MyMedicalMetrics, employers can now reveal and quantify specific opportunities for savings for both self-funded and fully-insured groups.
Industry-Leading Engagement
MyMedicalShopper knows that a successful benefits program is driven by its end-users, and has developed an in-depth, fully-measured onboarding and engagement process to reflect that. Utilizing a multichannel communications strategy, we strive to create an engaged, motivated healthcare consumer, giving key decision makers the tools needed to get the most out of our price transparency platform. Get high-level insights and metrics at every step of the process, from communication engagement statistics, to platform utilization, and much more.
