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Transparency in Coverage: TALON Has the Tools For Companies to Comply Today Flipbook PDF
TALON has developed groundbreaking software that makes companies compliant with the Transparency in Coverage Rule. It pu
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Transparency in Coverage: TALON Has the Tools For Companies to Comply Today
After decades of attempts to transform the healthcare system into a true market-one in which forces like competition between providers based on quality and pricing can bring prices down, it is finally happening.
The federal government's new Transparency in Coverage Rule based on provisions of the Affordable Care Act means that 212 million consumers will be given ready access to the prices of virtually every test and procedure so they can decide for themselves whether to spend, say, $800 for an MRI of the lo
Believe me, the prices for an MRI of exactly the same quality can be that dramatically different, within a 10 miles radius-or less.
As of January 1, 2023, employers can be fined $100 per insured individual per day for not arming them with access to comprehensive, transparent, easily accessible competitive pricing options.
The company I founded-TALON -provides employees with a revolutionary software solution that gives them the actual prices of every conceivable medical test and service for miles around them.
It's called MyMedicalShopper, and it turns them into smart consumers of health care services-getting the same excellent quality care, sometimes for 1/10 the price.
In an outstanding example of the beauty of modern technology, the prices of every lab study, every EKG, every MRI and every other test or procedure available in any given area or region will, by law, be made available to consumers via, say, apps on their mobile devices so they can comparison shop an
In the past-and it will soon seem like the distant past-many consumers didn't think much about pricing.
Many consumers have high deductible health plans and just aren't going to pay $5,000 for something that they can get nearby for $400.
Think about the successful, user-friendly GoodRx program that allows consumers to compare prescription drug prices at every retailer within a radius they determine, with a few clicks of a mouse or taps on the screen of their mobile device.
As anyone who has used GoodRx or any similar real-time drug price comparison tools can attest, a prescription priced at $100 at pharmacy A can often be found for half or less of that cost at pharmacy B just a mile down the road.
Transparency in Coverage mandates the same model, with a much broader menu.
Contact Us At: https://talonhealthtech.com/