To give you an idea of how medEcash impacts the patient, employer and provider experience, let us tell you the true story of Janet!
When Janet had her left knee replaced, her employer had a traditional PPO health plan and it was a real nightmare. She was careful to choose in network providers, but she had no way to evaluate quality of her surgeon. She was really worried about whether she could even afford the surgery. And after her surgery, she never expected the barrage of confusing bills and collection notices that took months to resolve. It cost her nearly $4,000, and her plan paid almost $31,000.
Unfortunately, this experience is pretty common for PPO plan members.
The next year, when her doctor told her she it was time to have her right knee replaced, Janet really dreaded going through the process all over again.
But Janet’s self-funded employer had been looking for a way to save money and give their employees a better health plan experience, and that year they decided to add a cash payment program using medEcash.
Janet called Asserta Health because she heard it would save her money. The Asserta Health concierge asked questions to understand her medical need, and worked with Asserta Health’s clinical team to identify high quality cash providers. Janet’s concierge was there with step by step guidance to help Janet navigate the whole process.
Janet chose a surgeon and scheduled a consultation, and Asserta Health agreed on a cash price with each provider who would be involved in Janet’s care. Janet’ health plan approved the cash price and provided funds through medEcash in advance so that Asserta Health could use medEcash to pay each provider in full on the day she had surgery.
And because Janet’s plan saved so much money, her out of pocket cost was exactly $0. Compare that to the almost $4,000 she paid for her left knee replacement!
After surgery, Janet’s employer received a full report with all of the required data, just as if her providers had submitted individual claims for each component of her care. But with one huge difference! Each of Janet’s providers was paid in full at the time of service, without all the paperwork involved to submit claims and send bills to Janet.
After her right knee replacement, Janet was free to focus all of her attention on healing and recovery, without the hassle of trying to decipher unintelligible bills and collection notices.
That’s the power of cash payment for healthcare. That’s the power of medEcash from Asserta Health.
Please join our mission to bring cash payment to healthcare, and feel free to share this true story with anyone who is interested in making healthcare more affordable for everyone! Please invite them to follow us here and on LinkedIn