Dallas, TX (PRWEB) July 25, 2014
Avant Systems, Inc, an entrepreneur-minded business in IT product development, aims to change the way healthcare plans are implemented, with the intent of giving businesses and consumer the option to fully customize their healthcare plans. With its web-enabled, consumer-controlled health plan, Avant Systems seeks to individualize healthcare dependent on each consumer’s individual healthcare needs with the intent on saving money for everyone involved in the healthcare industry.
The Consumer Driven Health Care Tool will allow a family to custom design their plan based on their health history and it will estimate their out-of-pocket expenses. It also allows members to compare the cost and quality of different hospitals.
Recent surveys suggest that one out of every four employers is in the process of adopting alternative health plans known as Consumer-Directed Health Plans. As per the statistics in 2007, about 4.5 Million members were enrolled in Health Savings Account Plans. Consumer-Directed Health Plan enrollees have consistently reported better health status than traditional-plan enroll-lees, exhibiting better health behavior than traditional plan enrollees.
By late 2014, when major portions of The Patient Protection and Affordable Care Act, commonly known as the Affordable Care Act, is implemented in the United States, "high deductible plans" and the concept of consumer-driven health care may become more popular. Although new federal tax subsidies shall help reduce health insurance rates for many consumers, individuals and families that do not qualify are expected to consider Health Savings Accounts (HSAs) if they do not have employer-sponsored coverage.
As consumer-driven healthcare becomes more prevalent in society, the development of the Consumer Driven Healthcare tool will allow consumers to wisely decide how to invest money on their healthcare, and it will make it easier for them to decide on where they should make healthcare investments, such as whether to invest their money in Health Savings Accounts (HSAs) or Health Reimbursement Accounts (HRAs), and how to best utilize their investments in a High Deductible Health Plan (HDHP) in order to avoid devastating healthcare costs.
“The capability to make independent decisions in regards to healthcare is dynamic in nature. It provides tools for conveying cost and quality information to providers, depending on their need for prescription drugs and other medical treatments. For example, if the plan includes prescription drug coverage with a formula tied to the rollover spending account, then, the need for a prescription drug comparison and formula cost communication tool is necessary for members to understand their costs and utilization patterns,” says a representative of Avant Systems.
Efficiencies are accomplished by combining a high-deductible major medical plan with an employer funded and employee managed payment vehicle for routine medical services. This model provides genuine first-dollar coverage for the employee by eliminating co-pays, out of network costs and other miscellaneous charges. This type of customizable healthcare may reduce costs by as much as 20-30% in the first year.
About Avant Systems, Inc.
Avant Systems, Inc. is a company comprised of young entrepreneurs who specialize in providing full-cycle IT solutions and services that addresses the need for strategic implementation of sophisticated software. Serving small to medium businesses as well as the government, Avant Systems seeks to deliver information solutions that are flexible, scalable, operable, reliable, and affordable.
Contact Avant Systems For more information about the Consumer Driven Healthcare Tool, contact firstname.lastname@example.org.