What are Healthcare Cost Transparency Tools?

Healthcare cost transparency tools are digital resources that help patients compare prices for medical services across different providers and facilities. These tools include hospital price estimators, insurance company cost calculators, and independent price comparison websites that display negotiated rates, average costs, and quality metrics to enable informed healthcare decisions.

Why healthcare cost transparency tools matter

• Enables price comparison: Allows patients to shop for non-emergency care
• Reduces surprise bills: Helps estimate costs before receiving services
• Promotes competition: Encourages providers to offer competitive pricing

How Solace can help

A Solace advocate can help you navigate various cost transparency tools, interpret price estimates, and understand factors affecting final costs. Advocates can also assist with identifying high-value providers and verifying that estimates align with your insurance coverage.