Price Transparency Solutions
The Parathon Price Transparency Solution: Human-Delivered Accuracy
At Parathon, we prioritize accuracy above all else. Our solution involves meticulous data extraction and verification by experts who understand the nuances of healthcare contracts. By delivering pricing information directly from contracts, we ensure 100% accuracy, eliminating the risks associated with AI-generated estimates. Here’s why our approach stands out:
- Regulatory Compliance: With our solution, you can rest assured that your pricing data meets the stringent requirements set by CMS, protecting your hospital from fines and penalties.
- Patient Trust: Providing precise and reliable pricing information builds patient trust, enhancing your hospital’s reputation and fostering long-term patient relationships.
- Competitive Edge: Accurate pricing data sets you apart from competitors, positioning your hospital as a trustworthy and transparent provider in the eyes of patients and payers.
Parathon offers a state-of-the-art Price Transparency Solutions that are both provider and patient – centric.
Parathon’s proprietary technology and expertise needed to meet and exceed current and future CMS requirements.
- All standard charges for all items and services in a comprehensive machine-readable file. We compile tens of thousands of data points, service codes, and service descriptions necessary to create one comprehensive, machine-readable file that’s ready to publish on your hospital’s website.
- A consumer-friendly display of shoppable services. Parathon’s innovative Patient Responsibility Estimator (PRE) provides real-time information regarding potential out-of-pocket costs for shoppable services, all in a consumer-friendly application published directly on your hospital’s website.
Click here to inquire more information regarding our compliance solutions or to schedule a demo to see how our solutions can benefit your hospital.
