added by sari · updated 9mo ago
The Upfront Pricing Phenomenon | Out-Of-Pocket
- Deductibles are weird
from The Upfront Pricing Phenomenon | Out-Of-Pocket by Nikhil Krishnan
sari added 3y ago
- As more data from EMRs + claims becomes available and machine learning becomes better, payers and third-party administrators are getting increasingly better at guessing how much your care journey is going to cost them.
from The Upfront Pricing Phenomenon | Out-Of-Pocket by Nikhil Krishnan
sari added 3y ago
- If you believe that healthcare will eventually be more consumer oriented, providing upfront costs and predictability will be a key component to that going forward.
from The Upfront Pricing Phenomenon | Out-Of-Pocket by Nikhil Krishnan
sari added 3y ago
- Deductibles have become confusing for most people - studies show most people don’t even understand what actually counts towards their deductible or what’s covered for free. Plus, deductibles are now so high that they effectively only act as insurance against catastrophes.
from The Upfront Pricing Phenomenon | Out-Of-Pocket by Nikhil Krishnan
sari added 3y ago
- Interestingly, there seems to be a wave happening where companies are focusing specifically on making prices fixed and transparent for a very specific episode of care.
from The Upfront Pricing Phenomenon | Out-Of-Pocket by Nikhil Krishnan
sari added 3y ago
- This is bad for everyone: avoiding care means hospitals don’t get paid, patients are potentially getting sicker, and insurers will end up paying for more serious diseases that weren’t caught earlier.
from The Upfront Pricing Phenomenon | Out-Of-Pocket by Nikhil Krishnan
sari added 3y ago
- As this segment increases, more viable business models NATIVE to the cash pay population can be built.
from The Upfront Pricing Phenomenon | Out-Of-Pocket by Nikhil Krishnan
sari added 3y ago
- I think for a long time we over-indexed on giving patients as many choices as possible and hoped they made the right ones without realizing the most important (and maybe only interpretable) metric for the majority of people is how much this is going to hit their bank accounts.
from The Upfront Pricing Phenomenon | Out-Of-Pocket by Nikhil Krishnan
sari added 3y ago
- I distinctly remember someone once telling me that they hadn’t gone to a primary care physician in years because they didn’t know how much it was going to cost.
from The Upfront Pricing Phenomenon | Out-Of-Pocket by Nikhil Krishnan
sari added 3y ago