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5 Ways You Should Be Using Technology To Lower Your Medical Expenses

5 Ways You Should Be Using Technology To Lower Your Medical Expenses

Healthcare transparency is not a new term, but the plethora of useful tools quickly becoming available to patients are. Healthcare transparency, in short, is the action of allowing patients to make value-based healthcare decisions by providing meaningful cost and quality information.

1. Healthcare Transparency Tools

In its most basic sense, healthcare transparency is comparison shopping for healthcare on an online platform. Think Google Shopping or Shopzilla, but for everything health related. These comparison shopping tools are typically provided by your insurance provider to help you determine how much you will have to pay out of pocket for your healthcare services before services are rendered.

These comparison shopping tools are typically provided by your insurance provider to help you determine how much you will have to pay out of pocket for your healthcare services before services are rendered. Case studies show that healthcare transparency tools can save on average up to $74 per month per patient in health care costs in some states.

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2. Remote Monitoring Systems

Remote patient monitoring systems allow real-time data to be quickly accessed by patients, caregivers, and doctors. They can also record critical information and patterns related to the patient’s physical state, mental state, vital signs, and even medication adherence. That information is quickly uploaded and made available to members of a healthcare team including nurses, doctors and family members.

Remote monitoring systems can save money in a number of ways, and those may end up even becoming more numerous with new technologies. For instance, by focusing on clinical vital signs with pre-set triggers, physicians can ensure that small problems don’t become big ones by addressing problems in real time. Not only can this directly save a life, it can also save thousands of dollars by potentially preventing emergency healthcare services.

Remote monitoring systems don’t only save money at home, they save money in the hospital as well. One study shows continuous remote monitoring of inpatients from their beds could save $224 to $710 per patient per year.

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3. Telehealth

Telehealth and telemedicine typically refer to “virtual doctor visits”, which are two-way interactions between a patient and a physician via live video conferencing technology. Live video can be used for both consultative/diagnostic as well as treatment services. It’s not hard to imagine how virtual doctor visits can cost less and save time.

While telehealth should never be considered a substitute for emergency care, it is an easy way to increase convenience and significantly reduce healthcare costs. Some telehealth services like Doc on Call 24-7 and Call a Doctor Plus offer monthly plans that cost less than $20 a month. Other services like MD Live offer a per-session cost of around $50.

4. Online Health Condition Management Programs

Online health condition management programs are online tools that help you manage your medical condition from home, hopefully reducing any time you have to spend in a doctor’s office. While these programs may not be for everyone, and they may not eliminate the need to visit your doctor, they can save you a ton of money!

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For example, let’s assume I have a painful back condition called sciatica that requires me to visit my chiropractor on a weekly basis or at least every time I have a painful flare-up. Believe it or not, there is an online management program that will help me manage this condition from home.

This is just one of many online programs developed to help you stay out of the doctor’s office through at home education and action. There are a number of other great online programs that exist for a variety of different ailments including arthritis, and even headaches.

5. Medical Billing Management Apps

Medical billing management apps help patients better understand and manage health costs from their phone, utilising technology that makes aggregating and viewing health claims, insurance information, and medical data easier than ever before.

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Simplee and Inbox Health both offer billing apps that make paying for health services fast and simple. These apps have proven to increase self-payments and decrease collections.

Even though it’s easy to overlook the savings one might have in not being sent to collections, the mere fact that these apps have decreased the number of bills sent to collections makes it is hard to deny the savings these apps are responsible for.

Featured photo credit: ehealth.eletsonline.com via ehealth.eletsonline.com

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Breslin Borland

Part time blogger, full time space pirate

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Last Updated on March 24, 2021

8 Smart Home Gadgets You Need in Your House

8 Smart Home Gadgets You Need in Your House

We’ve all done it. We’ve gone out and bought useless gadgets that we don’t really need, just because they seemed really cool at the time. Then, we are stuck with a bunch of junk, and end up tossing it or trying to sell it on Ebay.

On the other hand, there are some pretty awesome tech inventions that are actually useful. For instance, many of the latest home gadgets do some of your work for you, from adjusting the home thermostat to locking your front door. And, if used as designed, these tools should really help to make your life a lot easier—and that’s not just a claim from some infomercial trying to sell you yet another useless gadget.

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Take a look at some of the most popular “smart gadgets” on the market:

1. Smart Door Locks

A smart lock lets you lock and unlock your doors by using your smartphone, a special key fob, or biometrics. These locks are keyless, and much more difficult for intruders to break into, making your home a lot safer. You can even use a special app to let people into your home if you are not there to greet them.

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2. Smart Kitchen Tools

Wouldn’t you just love to have a pot of coffee waiting for you when you get home from work? What about a “smart pan” that tells you exactly when you need to flip that omelet? From meat thermometers to kitchen scales, you’ll find a variety of “smart” gadgets designed to make culinary geeks salivate.

3. Mini Home Speaker Play:1

If you love big sound, but hate how much space big speakers take up, and if you want a stereo system that is no bigger than your fist, check out the Play:1 mini speaker. All you have to do is plug it in, connect, and then you can stream without worrying about any interruptions or interface. You can even add onto it, and have different music playing in different rooms.

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4. Wi-Fi Security Cameras

These are the latest in home security, and they connect to the Wi-Fi in your home. You can use your mobile devices to monitor what is going on in your home at all times, no matter where you are. Options include motion sensors, two-way audio, and different recording options.

5. Nest Thermostat

This is a thermostat that lives with you. It can sense seasonal changes, temperature changes, etc., and it will adjust itself automatically. You will never have to fiddle with a thermostat dial or keypad again, because this one basically does all of the work for you. It can also help you to save as much as 12% on heating bills, and 15% on cooling bills.

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6. Smart Lighting

Control your home lighting from your remote device. This is great if you are out and want to make sure that there are some lights on. It is designed to be energy efficient, so it will pay for itself over time because you won’t have to spend so much on your monthly energy bills.

7. Google Chromecast Ultra

Whether you love movies, television shows, music, etc., you can stream it all using Google Chromecast Ultra. Stream all of the entertainment you love in up to 4K UHD and HDR, for just $69 monthly.

8. Canary

This home security system will automatically contact emergency services when they are needed. This system offers both video and audio surveillance, so there will be evidence if there are any break-ins on your property. You can also use it to check up on what’s happening at home when you are not there, including to make sure the kids are doing their homework.

Featured photo credit: Karolina via kaboompics.com

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