price transparency

By Jonah Comstock 09:12 am December 3, 2014
Medigo, a Berlin-based medical travel startup, has raised $6.2 million (5 million euros) from Accel Partners. The company announced the funding at the same time as its US and UK launch, and will use the money to expand into additional markets. The company previously raised $2.4 million from Atlantic Internet and other angel investors, so this raise brings their total funding just shy of $9...
By Aditi Pai 06:28 am October 28, 2014
Physician rating platform Vitals has acquired price transparency service Compass Healthcare Advisers. This acquisition will combine Vitals' rating system with Compass Healthcare Advisers' price transparency system so that consumers can consider both options when choosing a provider. Compass Healthcare Advisers offers their price transparency tool through health plans and employers. When members...
By Jonah Comstock 08:15 am October 22, 2014
In the Journal of the American Medical Association, researchers from Castlight Health have published what they believe is the first study linking price transparency to cost savings. The study of more than 500,000 Castlight users demonstrated modest savings for lab tests, advanced imaging, and clinician office visits. "Although it is widely perceived that greater transparency of pricing...
By Jonah Comstock 10:17 am October 10, 2014
This week, a Massachusetts law went into effect requiring health insurers to make realtime cost information publicly available, an unprecedented move. As WBUR reported recently, the initiative has already started to shine light on some galling price discrepancies for procedures like MRIs, surgeries, and lab tests (for instance, an MRI in Boston ranges from $614 to $1,800 with no discernible...