The evolution of e-commerce – led by Amazon – has created an intensely savvy consumer population. Amazon’s platform allows users to easily compare products from different vendors to get the best price. People travel to retail stores to try on clothes and shoes, only to purchase them online for less. Even the longest running game show in television history awards points for knowing how much consumer products cost. Healthcare, on the other hand, does not engender the same kind of
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A Glimpse of the Holy Grail for Healthcare Cost Transparency
Imagine being told which car or computer you must buy and just forking over whatever it costs. Even if you might only be paying a portion of it, would you simply get out the checkbook? For decades American consumers have been writing blank checks for healthcare. Given that healthcare costs and consumers’ share of them continue to climb, we’ve all longed for the ability to see all options for medical procedures and prescriptions covered by our health plan and to choose the lowest-cost,
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Turquoise Health Raises $20M for Healthcare Pricing Platform, Launches Direct Contracting Platform
What You Should Know: - Turquoise Health, an end-to-end healthcare pricing platform, today announced a $20M Series A investment led by existing investor Andreessen Horowitz (a16z), with participation from Bessemer, Box Group, and new investor Tiger Global. - Turquoise Health will use the funding to continue making transparent pricing ubiquitous for all healthcare stakeholders: payers, providers, and patients. Direct Contracting Platform In anticipation of July payer rates
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Cerner, CoverMyMeds Integrate to Improve Prescription Price Transparency at Point of Care
Cerner, today announced a new collaboration with CoverMyMeds to integrate patient-specific information into the EHR for providers to review prescription pricing information with their patients at the point of care. Prescription price transparency can help simplify conversations between individuals and their providers to create personalized care plans that meet a person’s medical and financial needs.Integration BenefitsWhen implemented, providers will be able to view prescription benefit
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Survey: Most Physicians Fail to Share Prescribed Medication Costs with Their Patients
New DrFirst survey reveals almost 75% of consumers would change pharmacies to save money, yet the majority of physicians do not provide price information. With medication adherence being a critical factor in patients' long-term health, physicians are under increasing pressure to discuss costs with patients when they write prescriptions. Yet according to a recent DrFirst survey, fewer than half (44%) of consumers say their physician advised them about medication costs or offered lower-cost
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Cerner Integrates Surescripts Prescription Price Transparency Functionality With EHR
Cerner has announced a collaboration with Surescripts to integrate their Real-Time Prescription Benefit functionality into the Cerner Millennium electronic health record (EHR). Surescripts Real-Time Prescription Benefit will integrate directly into the physician’s workflow to provide patient-specific prescription information at the point of care.Prescription benefit information at the point of care will help facilitate engagement between individuals and their physicians to find the prescription
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United Healthcare, DrFirst Launch App to Tackle Med Adherence with Drug-Price Transparency
The high cost of prescription drugs is one of the top causes of patient medication non-adherence, resulting in avoidable emergency department and hospital admissions, as well as longer term poor patient outcomes. With the transition to value-based care finally becoming a reality, this challenge must be addressed — and quickly — by leading healthcare organizations. To address this critical issue, UnitedHealthcare and DrFirst has announced the launch of PreCheck MyScript, a new app that delivers
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