4 Price Comparison Tools Helping Employees Save Money on Healthcare
We’ll let you in on the best-kept cost savings secret in healthcare: That price you pay your doctor isn’t always the only (or the best) price out there.
Au contraire, healthcare prices can differ significantly by the provider or the area. In fact, it’s not uncommon to find two doctors within the same area who charge completely different prices for the exact same service.
With healthcare price comparison tools, employees can find the best prices for their health needs and insurance coverage. Here’s how it works: enter some basic information into the tool, like zip code, insurance coverage, and the type of care needed. Then the tool will generate a list of providers that match these needs, as well as what they’ll charge for the service.
Read on to learn more about four price comparison vendors helping employees save some cash on their care, all featured on the Nava Benefits Search Engine.
Pratter (price matters) is a medical cost savings and transparency company with five (5) software platform solutions. The savings is quantifiable. Money Map (where to go for care), Pricing Portal (what to pay for care) and Hospital Bill Eraser (what not to pay for care) have strategies that can be implemented at both the member and plan level to maximize savings and access to care.
RazorMetrics lowers drug spending for health plans, large, self-funded employer groups, ACOs, DPCPs, and others at risk for Rx spending. Their engagement approach can be prescriber-driven or member-driven. They can incorporate drug card discounts, factor in rebates, optimize formulary, respect prior auth, and step therapy.
HealthSparq helps people make smarter healthcare choices by partnering with health plans to share cost and quality information about doctors, hospitals, medical services, and medications.
MDsave is a healthcare technology company revolutionizing how hospitals and health systems increase access for the patient-consumer in an evolving market. MDsave’s unique bundling technology makes medical procedures transparent, shippable, and instantly transactable.
What is the best healthcare price comparison tool for my employees?
We got you. Using the Nava Benefits Search Engine, you can explore a range of price comparison vendors — as well as 600+ vendors across 28 benefits categories — and get a quote for free.