The Price Transparency Platform.
New regulations require all hospitals to provide "consumer-friendly" pricing disclosures, along with a comprehensive data file subject to strict requirements on content, formatting and more. Most hospitals expect to spend hundreds of thousands of dollars on compliance.
ClearCare is building the Healthcare Price Transparency Platform of the future. Our solution transforms existing data into fully-compliant price disclosures in minutes, not months, and at a fraction of typical cost.
We're a team of experienced entrepreneurs, technologists and regulatory experts. We have decades of combined experience, including work with some of the largest and best known names in healthcare, but we still have much to learn. So if you're involved in the revenue cycle or compliance process, we'd love to share an exclusive peek at what we're building, and see if you think we're on the right track.
The Chargemaster Isn't Good Enough.
In 2019, like all other hospitals you dutifully posted your chargemaster data online. But you knew it wasn't very helpful to patients, who couldn't decipher it anyway. Even worse you know it can even steer patients away from your hospital, by confusing them about the out-of-pocket prices they can actually expect to pay.
We believe there is a better way. At a minimum, we think, healthcare pricing should be:
Patients aren't medical coding experts, and they shouldn't have to be. What's more, patients aren't experts in medical abbreviations either. True Price Transparency means helping patients understand what their care options mean, as well as what they may cost.
Nobody should have to scroll through dozens of pages of line items to find the intervention they've been prescribed. We have computers now, and they're good at search! The ClearCare Price Transparency Platform includes simple, intuitive search capabilities and gets smarter as you go, learning from each interaction with patients and your billing team.
Your patients come in all shapes, sizes and capabilities, and you need an efficient way to provide pricing disclosures to all of them, on any device. Adding accessibility features to an existing price disclosure tool can take months and cost hundreds of thousands of dollars, but with ClearCare, ADA compliance is built in from the start.
It's hard to provide "efficient" or "consumer-friendly" price estimates when each one relies on time-consuming and expensive call center interactions. The ClearCare Price Transparency Platform incorporates sophisticated Machine Learning techniques to streamline estimate creation, saving you money while helping your patients make more informed decisions about their care.
Together, we can do better.
For decades, reported patient satisfaction has wavered or fallen, even as outcomes have continued to improve. Patients are less patient, regulators are increasingly active, and there's a pervasive sense that American healthcare has fallen far behind what's possible.
But within that dissatisfaction lies the path to a better future. A future where healthcare costs and outcomes really can be understood by patients. A future where providers get paid faster, more accurately, and with fewer disputes. Above all, a future where healthcare just works, like we expect from other services.
Here at ClearCare, we're working hard to create that future. As a first step, we're building a Price Transparency Platform that lets any hospital turn raw pricing data into a beautifully designed, easy-to-use, one-stop pricing portal that helps patients understand expected costs while steering them toward billing specialists when needed.
That's just the beginning, of course, but every journey starts somewhere.
Stay ahead of the curve.
By reading this far, you've already taken the first step toward turning True Price Transparency into a differentiator for your hospital.
We'd like to invite you to take the next step, by sharing your email address below. We'll never sell it, share it or spam you (after all, we don't even have anything to sell yet!), but we'll keep you in the loop as we get closer to release. You'll also get frequent opportunities to guide our roadmap toward your priorities by sharing your feedback on what we're building.
It's an exciting time to be in healthcare. We hope you'll join us for the journey ahead.
Thanks for joining the Price Transparency Movement.
We'll be in touch soon.
Meanwhile, feel free to reach out anytime.
We'd love to hear from you!