Parker believes insurers are more motivated to comply due to higher penalties compared to hospitals. Many hospitals weighed the cost-benefit of compliance against penalties, making selective choices. In contrast, the majority of the 100 health plans Parker works with express intent to comply. Transparency is crucial for insurers, constituting a significant part of member services. Parker notes that 88% of people expect payers to provide transparency, differing from the hospital context. Lack of price information influences care decisions and can impact downstream costs, emphasizing the importance of transparency for both payers and members. Most insurers already have transparency tools in place, making this an evolution rather than a new offering.

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Parker emphasizes the importance of not only releasing data but also building a comprehensive experience and toolkit for individuals unfamiliar with healthcare complexities. He underscores the need to meet people where they are during vulnerable moments. Reflecting on lessons learned, Parker suggests that transparency regulations should go beyond data release, focusing on building engaging tools and experiences to empower individuals in making informed, financially impactful healthcare decisions. The organization’s focus has been on providing guidance and understanding options for individuals navigating complex financial decisions related to their health.

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The post How Price Transparency Can Bring Efficiency Into Healthcare, per Matt Parker of Kyruus and HealthSparq appeared first on Kyruus Health.

Kyruus Health president Paul Merrild sat down with Jessica Hagen from MobiHealthNews on HIMSS TV to discuss how Kyruus Health aims to improve care access via its partnerships with health systems and payers and by pairing patients and providers using personalized information and provider availability.

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The post Transparency in Coverage: Excellus BCBS’s Strategy for Member Engagement appeared first on Kyruus Health.

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The post Slice of Healthcare Podcast Interview appeared first on Kyruus Health.

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The acquisition of Epion Health by Kyruus Health continues the company’s push to encompass more of the patient journey. The combined company can now offer healthcare organizations a more complete patient access solution. Patients can now search easily for a provider, book an available appointment, fill out all the necessary paperwork electronically ahead of that appointment and check-in online.

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The post Better Provider Matching Helps Balance Patient Load – Kyruus at ViVE2023 appeared first on Kyruus Health.