Health Alliance Medical Plans, a provider-sponsored health insurer in the Midwest, has licensed Thomson Reuters Treatment Cost Calculator, an application that helps health plan members by providing price transparency and also supports consumers planning for the financial aspects of their healthcare.
Thomson Reuters is a reputed source of intelligent information for businesses and professionals. Its Treatment Cost Calculator generates cost estimates based on a health plan's claims data at the provider level, so the estimates reflect plan payments to providers. These treatment estimates are then personalized for the member using real-time benefit information in order to provide relevant, accurate information.
With this information, health plan members can understand their expected costs and how these costs vary by provider, a key consideration in their healthcare decision-making.
"Consumer-driven healthcare translates into consumer need for information," said MaryAnn Tournoux, vice president of sales and marketing for Health Alliance.
"This solution will help our members better understand their benefits and estimate their costs before receiving healthcare to avoid surprises and engage people in fully understanding their options," Tournoux added.
Thomson Reuters’ Treatment Cost Calculator is said to offer highly accurate, real-time estimates of anticipated out-of-pocket costs for services and pricing at the specific provider level. The Treatment Cost Calculator is part of Consumer Advantage, a suite of online solutions from Thomson Reuters.
"Healthcare consumers need accurate, detailed information specific to their financial and medical circumstances," said David Crean, senior vice president for the Healthcare & Science business of Thomson Reuters.
"Health Alliance is providing that information to its members and supporting a growing market need for reliable information at the provider level. We're honored to be a part of this solution," Crean added.
Jai C.S. is a contributing editor for HealthTechZone. To read more of Jai's articles, please visit his columnist page.Edited by
Alice Straight
