BOSTON--(BUSINESS WIRE)--CoPatient, a healthcare expense management company, today announced its new offerings for employers and health plans. The new services help to engage consumers on healthcare expenses and reduce overall healthcare costs.
As medical costs continue to rise, the industry has continued to incorporate additional consumer cost-sharing and narrow provider networks. CoPatient’s new services include employer-sponsored medical bill negotiation and out-of-network claims management to directly address these two trends on behalf of consumers, employers and health plans.
Employers can now offer additional protection from high out-of-pocket costs and billing errors to their employees through CoPatient’s subscription-based medical bill negotiation service. “CoPatient has worked with thousands of consumers to manage medical bills, and many employers wanted to sponsor our service for their employees without requiring the employees to pay a fee. We’ve rolled out this subscription model in direct response to that need,” said the CEO of CoPatient, Tom Torre.
CoPatient’s out-of-network claims management service reduces costs for all parties when care is sought outside of their provider network. By combining out-of-network claim management with prevention of consumer balance billing, CoPatient provides a comprehensive solution for individuals and plan sponsors to this challenging and costly process.
“The goal is to help align the industry with consumers so that better care can be provided at a lower cost," said CoPatient co-founder and Chief Strategy Officer, Rebecca Palm. “It’s important to engage consumers in the conversation, to help give them power to correct errors and enable them to make better healthcare expense management decisions in the future. Whether helping to negotiate a medical bill or minimizing the high cost of out-of-network services, our service is unique in enabling plan sponsors to engage with consumers to navigate the complex healthcare landscape."
The combination of CoPatient’s medical bill negotiation and out-of-network management services reduces the burden of healthcare expense management inquiries for HR departments and health plans. With decades of experience, a deep understanding of the healthcare world and cutting-edge technologies and tools, CoPatient leads the way in healthcare expense management.
CoPatient's new offerings for employers and health plans are available now. Please contact the team for more information on pricing and availability.
About CoPatient
This year, consumers will spend more
than $400 billion dollars in out-of-pocket healthcare costs with limited
resources to navigate and understand their expenses. CoPatient is
dedicated to transforming the way healthcare expenses are managed,
featuring technology-driven products and services for plan sponsors and
consumers. Our specialized advocates translate and negotiate complicated
medical bills, helping consumers to better understand how healthcare
billing works and connecting them with educational resources and
financing options to make paying for healthcare easier.
Phone: (888) 702-2330 Web: www.copatient.com.
