Charlotte, NC (PRWEB) April 25, 2007
Empowered Benefits LLC of Charlotte, NC, has launched version 1.1 of EmpowerCareCost, a revolutionary hospital price transparency tool. CareCost is one of the first price transparency products to provide patient-specific out-of-pocket estimates for hospitals, physician practices and their patients and is the only tool combining these features in a user-friendly package designed for both provider use internally and patient use via Internet access.
The product, designed with the input of thought leaders in the healthcare field, is uniquely suited to address the revenue cycle and patient service needs of providers while allowing consumers to make decisions based on estimated out of pocket costs. These estimates reflect the contractual fees due at a specific facility, taking into account the patient's insurance coverage, their benefit status and the procedure being considered. The system uses electronic claims and payment transactions and real time connectivity to payers. It is simple to deploy, quick to provide answers and economical to operate.
According to Gaston Gage, CEO and founder of Empowered Benefits, "Consumer driven healthcare is about more than the six million people with HSA and HRA plans. Change driven by high deductible health plans provides opportunities to patients and providers alike. The availability of meaningful pricing and decision-making information is a critical element in the evolution of the patient-provider relationship."
Interested parties may contact John Gage, Vice President-Sales for Empowered Benefits, at 704-369-0190.
About Empowered Benefits
Empowered Benefits LLC (http://www.empoweredbenefits.com), a pioneer in the consumer driven health marketplace, is a healthcare information technology and services company headquartered in Charlotte, NC. Founded in 2001, the company offers a comprehensive suite of technology products and decision support tools for employers, carriers, third party administrators and plans in addition to EmpowerCareCost, a price transparency tool for hospitals.