SAN DIEGO--(BUSINESS WIRE)--DoctorGlobe, the nation’s first online U.S. domestic hospital-shopping platform, announces the release of its white paper “Ushering Inpatient Care Into 21st Century Online Consumerism.” Authored by Tibi Zohar, co-founder and CEO, DoctorGlobe, the paper outlines how the nation’s first online U.S. hospital-shopping platform can help self-insured companies achieve substantial savings. DoctorGlobe uses an innovative “Relative Pricing” method based on big-data and crowd-wisdom to overcome non-transparency, exploit price variance and highlight quality of care. The white paper will be available at the 26th Annual Health Benefits Conference & Expo (HBCE), January 30, 2017, Clearwater Beach, Florida, Booth #30.
“DoctorGlobe’s bonus incentive strategy replaces the traditional out-of-pocket approach by eliminating up-front or hidden costs, waiving, out-of-pocket costs for plan members and providing a cash award as a part of the corporate savings,” says Zohar. “While most other platforms concentrate mainly on transparency, we decided to tackle the engagement aspect more aggressively. Our advanced user experience and robust incentive plan engages plan members in their own healthcare choices, empowering them to shop for the provider that best fits their needs in terms of quality, distance and their estimated reward based on the savings their chosen hospital generates.”
The paper examines key challenges that self-insurers face, how potential solutions have failed to emerge in practical terms and how DoctorGlobe brings inpatient care into 21st century consumerism as a key solution that appeals to midsize and large plan sponsors, ERISA groups, labor unions, Third Party Administrators, brokers and benefits consultants.
The platform features an innovative form of transparency approach called “Relative Pricing” that drives an algorithm ranking 120+ surgery procedures across 2,800+ hospitals by quality, distance and price, and allows employers to dictate preferences based on average costs of employee care, minimum desired savings, and desired employee bonus.
“The Doctor Globe model demonstrates and validates how a consumer-oriented hospital-shopping platform simplifies healthcare provider selection and cuts costs,” says Zohar.
DoctorGlobe, the first and only online U.S domestic hospital-shopping platform of its kind, helps self-funded companies and their employees to discover better care for less. Utilizing a ‘big data’ and ‘crowd wisdom’ approach, coupled with a smart employee incentive program, DoctorGlobe’s proprietary algorithm ranks 120+ surgery procedures across 2,800 hospitals, ensuring that every plan participant can seamlessly find, compare, and reserve their care. Visit: www.doctorglobe.com.