Healthcare price tool
What we’re about
The financial system of U.S. healthcare is damaging to many Americans. Over the last several decades, the cost of being treated at a hospital or doctor’s office has risen dramatically. [5, 6] At the same time, the amount of coverage provided by the average health insurance plan has steadily diminished, and patients are paying more for their healthcare needs than ever before.
Healthcare is the only service that people buy without knowing how much it costs. It is a standard practice in the healthcare industry for hospitals, urgent cares, and physician offices to not disclose the costs of their services.
Since costs are hidden, healthcare providers don’t compete on price. Hospitals and medical practices differentiate themselves through better advertising, having more accessible locations, and delivering high-quality, standardized care - but not on price.
The lack of pricing transparency in healthcare has led to costs that are grossly over-inflated. So much so, that the cost of being treated in the U.S. is about twice as expensive as other developed countries. [9]
Over the last several years, insurance companies have passed these increased costs on to the patient. The average premium (monthly bill) for health insurance is at an all time high, and more adults are enrolled in high deductible (high out-of-pocket cost) insurance plans than ever before - 45% of adults in 2018 compared to 25% in 2010.
High costs and diminishing coverage have left many Americans vulnerable. Right now, 1 in 5 adults have a medical bill in collections, 58% of personal bankruptcies are caused by medical debt, and half of adults in the U.S. fear a healthcare related bankruptcy.
We built the Price Tool to deliver pricing transparency to the healthcare industry.
Offering pricing transparency helps patients find affordable options, makes it possible for families to budget for healthcare expenses, and allows people to access the care that they need.
Our business model is simple - we offer a low-cost subscription directly to patients. We are a mission-driven company and have a commitment to act in the best interest of patients and improve access to healthcare across the U.S.