Software estimates out-of-pocket healthcare expenses.
Press Release Summary:
Coverage Advisor(TM) uses predictive modeling based on age, existing health conditions, and prescription drug use to build user profile for determining projected health care utilization. Equipped with employee account contribution and tax rate input capabilities, software enables users to estimate potential out-of-pocket expenses associated with available health plan options. Web-based decision-making tool organizes evidence-based data into readable reports.
Original Press Release:
Subimo Enhancements Help Demystify Healthcare Out-of-Pocket Expenses
Additions to the Coverage Advisor(TM) extend corporate focus on health plan selection modeling
CHICAGO, Feb. 1 -- Subimo, LLC, the leading provider of web- based health care decision support tools, recently added more functionality to help consumers pick their health plan with confidence. With the addition of the "Employee Account Contribution" and "Tax Rate Input" capabilities to the Coverage Advisor product, users will now be able to more accurately estimate the potential out-of-pocket (OOP) expenses associated with available health plan options.
"In response to client demand to accurately forecast total health care expenditures while conducting side-by-side health plan comparisons, we have added this capability within the Coverage Advisor(TM)," states Ann Mond Johnson, president of Subimo. "Subimo's straightforward user interface does not require users to provide a year's worth of medical claims or to study their financial and doctor records in order to determine projected health care utilization and OOP expenses. Subimo's philosophy is to make it easy for consumers so they will actually use the tools."
The Coverage Advisor tool leverages predictive modeling based upon such factors as age, existing health conditions and prescription drug use to build a "user profile" to determine projected health care utilization. The recent enhancements allow users to determine the tax implications of adopting Health Savings Accounts (HSAs) or other tax preferred health care savings options while choosing the appropriate HMO, PPO or high-deductible health plan for their family.
"The introduction of new health plan designs, coupled with the growing availability of HSAs and HRAs, have made it increasingly difficult for individuals to thoroughly understand the direct impact each option has on their family's pocketbook," continues Johnson. "The addition of these two components further reinforces Subimo's distinct philosophy of providing today's health care consumers with dynamic tools designed specifically to help them make the best possible health plan decision."
About Subimo(R)
Subimo helps employers and payers improve health care quality and reduce costs by providing comprehensive, web-based decision-making tools to consumers. With Subimo's user-friendly interface, members facing a significant health care decision can quickly get independent information regarding medical conditions, treatment paths, prescription drug options, cost of services and physician or hospital quality comparisons. Subimo's technology organizes evidence-based data into easy-to-read, easy-to-understand reports for more than 50 million consumers today. Subimo is headquartered in Chicago, IL. Additional information can be found at http://www.subimo.com/.
