• Center on Health Equity & Access
  • Clinical
  • Health Care Cost
  • Health Care Delivery
  • Insurance
  • Policy
  • Technology
  • Value-Based Care

Transparency is Key to Free-Market Cost Control

Article

Competition over healthcare prices and quality is coming. Transparency and the radical redesign of health insurance benefits will be its handmaiden. Companies such as General Electric are leading the way.

Competition over healthcare prices and quality is coming. Transparency and the radical redesign of health insurance benefits will be its handmaiden. Companies such as General Electric are leading the way.

The conglomerate, after years of experimenting with wellness programs to reduce healthcare costs, has moved its 500,000 employees, future retirees and their dependents into a high-deductible healthcare plan.

To aid these workers and families, it downloaded patient cost and outcomes data (it self-insures, so access to the claims wasn't an issue) into a Web-based tool and mobile app that allows patients to compare provider prices and quality. It even employs health coaches in telephone call centers to help people make choices that suit their financial and medical needs.

Read the full story here: http://bit.ly/1bzO7r1

Source: Modern Healthcare

Related Videos
Screenshot of Adam Colborn, JD during an interview
dr ian neeland
Crystal S. Denlinger, MD, FACP, CEO of the National Comprehensive Cancer Network
Kimberly Westrich, MA, chief strategy officer of the National Pharmaceutical Council
Phaedra Corso, PhD, associate vice president for research at Indiana University
Julie Patterson, PharmD, PhD
Nancy Dreyer, MPH, PhD, FISE, chief scientific advisor to Picnic Health
Seth Berkowitz, MD, MPH, associate professor of medicine, University of North Carolina at Chapel Hill
Related Content
© 2024 MJH Life Sciences
AJMC®
All rights reserved.