Rising healthcare costs impact the way we take care of ourselves and our families. People are looking for better ways to manage the cost of their care, and make smarter healthcare decisions
Chicago, IL (PRWEB) March 30, 2010
My Health and Money, a Chicago-based healthcare technology company, has launched a new healthcare consumerism website to help individuals lower their out-of-pocket healthcare costs with quick-click comparison shopping, unique discount programs and online education and mentoring resources. Basic membership at http://www.myhealthandmoney.com is free.
My Health and Money is a unique membership organization dedicated to building a consumer network of savvy healthcare purchasers. It offers discounts on healthcare goods and services, including those not covered in traditional health plans such as acupuncture, massage therapy and other wellness medical services. Beyond the discounts, My Health and Money also offers price comparisons on diagnostic tests and hospital procedures so members can select a facility that is accredited, and less expensive. Additionally, its members-only online community offers a forum for sharing cost-saving ideas and information, and asking for advice from people who are already managing their care and costs.
Cutting Costs is Important for Virtually All Families
My Health and Money is ideal for people who have high deductible health insurance and are managing chronic conditions that result in monthly out-of-pocket expenses, for families using Health Savings Accounts (HSAs), and for families that are underinsured or uninsured.
“Rising healthcare costs impact the way we take care of ourselves and our families. And people are looking for better ways to manage the cost of their care, and make smarter healthcare decisions, “ said Sarah Wilcox, CEO of My Health and Money. “Our company was founded to help consumers learn how to shop for care, without jeopardizing quality."
My Health and Money does not accept advertising and is not affiliated with any insurance or healthcare organization. “We want to be independent. Our focus is on our members and their needs,” said Wilcox, a veteran healthcare executive “ All too often I’ve seen how patients and their families do not have a voice, a community of support nor the leverage needed to make informed decisions that work well for their health and their budget. My Health and Money will change that.”
Benefits of a My Health and Money membership include:
- Easy-to-navigate personalized tracking and management of healthcare costs and savings
- Special savings on brand name and generic prescription medications
- Discounts on healthcare products and services
- Price comparisons on diagnostic tests and hospital procedures
- Tips, articles and resources for learning how to reduce your out-of-pocket costs
- Access to member forums on managing healthcare costs and personal care
New Service Finding an Audience
My Health and Money was soft launched in October 2009, and has both free and premium members on the site. Members include consumers with high deductible health plans, chronically ill patients with recurring monthly costs, and individuals seeking low-cost wellness options.
My Health and Money subscriptions are also being sold to employers who want to help employees make smarter decisions about their care and costs. According to one employer who recently purchased My Health and Money for his employees, “I want my staff to feel that I am doing my best to help them understand the healthcare landscape as it changes regularly.
Founded by Industry Expert
My Health and Money co-founder Sarah Wilcox created myhealthandmoney.com after more than 30 years of working for public and private healthcare organizations where she witnessed the results of years of ineffective healthcare reform in reducing healthcare costs. As an executive working for service providers, and insurance and pharmaceutical companies, she has extensive personal experience seeing patients suffer from rising medical costs. Pairing her observations with a proprietary Internet research study, she saw that healthcare consumers wanted and needed comprehensive online resources that offered solutions for managing healthcare costs and educational tools to improve financial literacy regarding medical finances. She identified an online gap in merging information with actions, and through Wilcox's expertise, My Health and Money has the unique ability to offer healthcare discounts and savings and empowering resources for its members at a minimal cost.
My Health and Money LLC