HealtheReports Provides Pricing Transparency to MedCost Network Members

LEXINGTON, Ky., March 30, 2011 /PRNewswire/ -- IF Technologies, LLC has partnered with MedCost, the largest independent PPO and health management company in the Carolinas, to empower their network members with true transparency through HealtheReports™. HealtheReports, a web-based subscription service, provides members access to network-specific pricing for certain medical procedures. Members can also access nationally recognized quality indicators and feedback from other members on their experience with those providers.

"Our members are asking for pricing transparency driven largely by the financial responsibility they've had to assume under their health plan in recent years," states Kathryn Showalter, sr. vice president of MedCost.  "We want our members to have personal information that is specific to their health plan allowing them to select high quality, high value healthcare."

Showalter added, "HealtheReports, from IF Technologies, removes many of the complexities surrounding healthcare pricing and presents information specifically for consumers.  Additionally, HealtheReports provides quality and member feedback information making it the most robust transparency solution on the market, which is what our members deserve."

Employers, PPO networks and insurance companies are encouraging their members to be better consumers and be more active in the management of their health care costs.  This requires members having the tools and access to information that has historically been unavailable to them.

"Members are realizing that health care providers are often paid different amounts for the same medical procedure and the difference can be significant," states Jim Freedman, CEO of IF Technologies. "When they are empowered with comparative pricing through our transparency solution HealtheReports, many are choosing a provider who offers a better value. The result is lower costs for the member as well as their health plan."

To learn more about HealtheReports or to schedule a free demonstration, please visit www.ThinkIFT.com.

About IF Technologies, LLC

IF Technologies, LLC was founded in 2008 with the mission to empower consumerism in healthcare by offering its analytics driven SaaS solution, HealtheReports, to insurers, networks and large self-insured employers. Empowering members to be better consumers by making more informed, value-oriented healthcare decisions leads to lower costs for members and their health plan. For more information, visit www.ThinkIFT.com.

About MedCost

MedCost, LLC, an affiliate of the Carolinas HealthCare System and North Carolina Baptist Hospital, is the largest independent health management innovator in the Carolinas.  Based in Winston-Salem, NC, MedCost's extensive PPO network encompasses all of North and South Carolina as well as serving health management customers throughout the nation. Since its founding in 1983, the MedCost mission has remained unchanged: to provide the best possible health care services at an affordable cost.  For more information, visit www.MedCost.com.

FOR MORE INFORMATION, CONTACT:
Melissa Zoeller, Public Relations
[email protected]
859.296.2466

SOURCE IF Technologies, LLC