Providing cost, quality, and other information before treatment lowers costs and improves outcomes. The more accurate, personalized, and relevant the data, the better healthcare works.
What is healthcare transparency?
Many people are surprised to learn that in healthcare, there is no correlation between cost and quality. Prices for medical services can vary greatly -even for the same procedure, in the same area, within the same network. Quality and outcomes can vary just as greatly, with no relationship to price. The only way to know whether you're getting good care at a reasonable price is to see the data. Castlight provides employees with the information they need about cost and quality to choose the best care at the best price.
Source: “Report Card on State Price Transparency Laws”, Health Care Incentives Improvement Institute. Inc. and Catalyst for Payment Reform.
64%: Percentage of workers with a deductible of $1000 or more
The benefits of healthcare transparency
Healthcare transparency can help you improve the health care your employees receive, while enabling you to control skyrocketing medical costs. It also leads to more engaged, activated employees.
With more large employers now offering high-deductible health plans, consumers are faced with increasingly large out-of-pocket expenses. Access to price and quality information helps employees save money. It also empowers them to get the best care.
Greater transparency means that high-quality health care providers will receive the recognition they deserve for the excellent care they deliver.
$300 billion is wasted in the U.S. every year in avoidable health care costs.
Castlight’s solution helps employers avoid this waste by:
- Displaying data on provider quality
- Offering accurate pricing information
- Integrating evidence-based care guidelines
- Targeting behavior change
Take the poll
Poll: What are the biggest areas of waste in your health care budget?
- Health problems due to medical complications
- Payments for unnecessary care
- Missed opportunities for prevention
- Paying too much for procedures