Cooperating for better care.

News & Views

Using cash incentives to push price transparency

Share this:


This just in from MedCity News:

“{W}ith the SmartShopper program, Vitals takes the view that cash incentives could spur wider use of price transparency tools and help consumers better understand their healthcare costs in the process.

“Vitals  {has} added the incentives-based price transparency program with the acquisition of Compass Healthcare Advisers in 2014. Two years later, the service has seen increased adoption from payers and self-insured employers, according to Rob Graybill, the former CEO of Compass Healthcare Advisers who is now a vice president with Vitals.

“Users select a procedure and based on their plan and address are given a series of options for in-network physicians and can also view ratings for those physicians. In a use case Graybill highlighted, a New Hampshire employer using the Vitals SmartShopper program with public sector employees saved more than $3.3 million in healthcare costs between January 2015 and August 2016. During the same period, the employer gave back $368,000 to employees.”

To read the MedCity News article, please hit this link.

Contact Info

(617) 230-4965

Wellesley, Mass