Study sheds light on in-network price variances [infographic]News added by Benefits Pro on June 16, 2014

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By Britt Chester

Castlight Healthcare released a case study of the varying prices of four standard outpatient services – CT scans, MRIs, physician visits, and lipid scans – in the areas surrounding the 30 largest cities in 63 geographic locations in the United States.

“Employers spend roughly $620 billion per year on health care services, and one-third of that is a mistake,” said Castlight’s vice president of strategic analytics, Jennifer Schneider. That one-third, or $206.66 billion, is money that could be saved simply by researching the price indexes of the in-network providers in the area.

Castlight’s data come from multiple sources, but largely from medical claims data provided to them from their clients. Since self-insured companies own their medical claims, they shared that information with Castlight in order see the differences in cost for, again, those four commodity services.

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