Average Allowable
Current Example: | Hospital A | Hospital B | Hospital C | Hospital D |
Hip Replacement | $ 34,205.76 | $ 35,406.25 | $ 53,933.34 | $ 45,668.20 |
National Ranking Percentile (100% being the best)
Current Example: | Hospital A | Hospital B | Hospital C | Hospital D |
Hip Replacement: | 91.23% | 79.06% | 17.64% | 22.35% |
Results
Average Savings by procedure - $4,207 |
Average Opportunity cost by procedure - $4,008 |
Average Savings by group - $134,242 |
Tiered health plans routed for adding competition and leveling costs
Cost Avoidance % of Allowed Charges 29.26%
Potential Cost Avoidance - $17,617,000
FocusHealth’s methodology combined the most accurate and reliable cost and quality data for inpatient and outpatient hospital services. In addition to providing transparency on specific hospital services, the FocusHealth statistical model creates an overall composite hospital value score. FocusHealth is the market’s only transparency model able to provide composite scoring, which serves as the key to engaging plan participants. Creative plan design uses the scoring system to incentivize members to uses the highest value hospitals.