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 last year 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.