LEXINGTON, Ky., Oct. 13 /PRNewswire/ -- Butler Health Plan implemented HealtheReports over a year ago and has reported significant cost reductions for their members as well as the health plan. HealtheReports, a web-based subscription service, provides health plan members access to pricing for medical procedures by health care providers. Members can also access nationally recognized quality indicators and feedback from other members based on their experience with those providers.
"We are excited to offer HealtheReports, a service which empowers our members to make informed health care decisions while maximizing the value of their health care benefits," states Stephanie Hearn, executive director of Butler Health Plan. "We have seen the average cost for some procedures drop by more than 50% since implementing HealtheReports. Members are choosing in-network providers who offer a better value resulting in reduced out-of-pocket expenses for the member and lower claims costs for Butler Health Plan."
Employers, insurance companies and network providers are encouraging their members to participate in the management of their health care and related costs. This requires members having access to information that has historically been unavailable to them.
"Health care costs continue to increase and most Americans are being asked to pay a larger portion of their health care expenses. With this added financial responsibility, many are seeking the in-network price of procedures up front," states Jim Freedman, CEO of IF Technologies. "Members are realizing health care providers are often paid different amounts for the same medical procedure and the difference can be significant. 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 as demonstrated by Butler Health Plan."
To learn more about HealtheReports or to schedule a free demonstration, please visit www.ThinkIFT.com.
About IF Technologies, LLC
Founded in 2008, IF Technologies, LLC is the healthcare transparency company. The company's transparency solution, HealtheReports, is marketed to insurers, networks and large, self-insured employers to empower their members to access high-quality, low-cost healthcare with the best customer experience. For more information, visit www.ThinkIFT.com.
About Butler Health Plan
Butler Health Plan is a non-profit self-funded medical, prescription and dental plan serving over 20,000 people in 15 school districts in southwest Ohio. Founded in 1985, their mission to provide competitive medical and dental benefits at affordable prices has remained unchanged. For more information, visit www.ButlerHealthPlan.org.
SOURCE IF Technologies, LLC