Transparency… Medstimate… Ink!

Check out the Nashville Business Journal from Friday. Startup surfs transparency wave. Because you cannot read the whole article online… Click here to download the .pdf.

Highlights:

“The company has radically revamped its online Medstimate service, which discloses pricing for services from more than 1.5 million doctors and hospitals and price ranges for more than 10,000 medical services.”

“Customers can use Medstimate to reveal price transparency on everything from major surgery to a month’s supply of medication. For example, a Medstimate search shows price ranges at local hospitals for colon cancer treatment vary greatly, depending on the hospital. At Vanderbilt University Hospital, the range is $49,054 to $53,653. At Saint Thomas Hospital it’s $22,258 to $24,344.”

“Hendrick says he’s not trying to persuade consumers to always go for the least expensive alternative because there can be valid reasons for paying more. But the information derived from a Medstimate inquiry should help someone make a more informed health care decision, he adds.”