Insurance Advocate Urge Hospitals to Increase Transparency Around Cost of Services

Medical Insurance Advocate Want Hospitals to Reevaluate Wearable Payment Devices

Recently, a growing number of hospitals have adopted the use of wearable payment devices to streamline the payment process for patients, but a concerning trend has emerged: these devices may be costing consumers more money. MedWise Insurance Advocacy has analyzed the impact of these devices on healthcare expenses, and are urging hospitals and healthcare providers to reconsider their use of wearable payment devices.

As healthcare providers continue to search for ways to improve patient experiences and reduce administrative burdens, wearable payment devices have become increasingly popular. These devices, which typically take the form of wristbands, allow patients to make contactless payments for various hospital services, such as medications, consultations, and diagnostic tests.

While these devices were initially hailed as a solution for streamlining the payment process, MedWise believes that they may be inadvertently driving up costs for consumers. \"Our research found that the average cost of care for patients who used wearable payment devices was 12% higher than for those who did not.\" Said Adria Gross of MedWise Insurance Advocacy.

Several factors have been identified as potential contributors to the increased cost associated with wearable payment devices. One of these factors is the added convenience provided by the devices, which may encourage patients to consume more services than they otherwise would.

This lack of upfront pricing information can make it difficult for patients to make informed decisions about their care and may contribute to the higher costs associated with wearable payment devices. In light of these findings, MedWise Insurance Advocacy is calling on hospitals and healthcare providers to reevaluate their use of wearable payment devices.

Find Out More At Medicalinsurance Advocacy.com