Compared Care provides a transparent healthcare marketplace, where users are able to comparison shop for their health services from the highest quality providers.
General company ifno:
Year of founded: 2014
Zip Code:
Employees: 1-10
In sector: Healthcare
Revenue Sources: Advertising, Lead generation to other businesses, Subscriptions
Social Impact: Healthcare access
Description:
High medical bills are the leading cause of personal bankruptcy in the U.S.A primary cause of this is the lack of price and quality transparency in the medical industry. Two providers in Maryland can charge significantly different prices for the same procedure with the same quality of care. Patients typically do not know the cost of a procedure until after they receive the bill.
ComparedCare was founded in 2013 with the goal of providing patients the ability to compare the cost of care among providers within the same area. Users may upload / input their medical bill information anonymously (without any PHI or Personally Identifiable Information) into the ComparedCare medical bill repository. Patients can actively search for the cost of a medical procedure within their area for comparison, as well as read physician reviews submitted by patients. It is a one stop shop for medical pricing for patients.
Financial Info:
We are a fairly new company and all undergraduate students, currently establishing rapport with several investment firms interested in Compared Care. We have not taken any funding yet. We are a lead generation service for providers. Currently only focusing on the DC, Maryland, Virginia area. We have contacted several hospital marketing departments who are interested in our service, for which we will be charging a quarterly fee depending on the number of providers they have.