SmithTech ChargeMaster

SmithTech ChargeMaster: AI-Powered Hospital Price Comparison

What is SmithTech ChargeMaster?

SmithTech ChargeMaster is a platform designed to bring transparency and clarity to healthcare costs. It allows both patients and hospitals to search, compare, and understand hospital prices, leveraging AI to provide clear explanations and insights.

How does SmithTech ChargeMaster work?

SmithTech ChargeMaster works by indexing published prices from major hospital systems and presenting them in an easy-to-compare format. The platform uses AI to decode billing codes (CPT/HCPCS) and provide plain-English explanations, eliminating jargon and making the information accessible to everyone.

Key Features:

• Price Search & Compare: Look up services by code or description and compare prices across facilities side-by-side.
• Clear AI Explanations: Get plain-English answers that explain CPT/HCPCS codes and pricing, removing confusing jargon.
• Provider Analytics (read-only): Hospitals can identify outliers and align pricing across locations, promoting transparency and reducing patient confusion.
• AI Research Assistant: Ask natural language questions about codes or services and receive clear, AI-powered answers.

How to Use SmithTech ChargeMaster:

1. Search Prices: Enter a CPT/HCPCS code or a description of the service to see prices at nearby facilities.
2. Compare Hospitals: View side-by-side results to understand price differences at a glance.
3. Save & Share: Add items to a ChargeSheet and export a clean list for quotes, approvals, or discussions.

Why Choose SmithTech ChargeMaster?

• Transparency: Provides clear and understandable pricing information sourced directly from hospitals.
• AI-Powered: Uses AI to simplify complex medical billing codes and provide easy-to-understand explanations.
• No PHI Required: Operates in read-only mode and does not store Protected Health Information (PHI).
• For Both Patients and Providers: Helps patients understand costs and enables providers to analyze and align pricing.

Who is SmithTech ChargeMaster for?

• Patients and Families: Seeking to understand and compare healthcare costs before receiving care.
• Hospitals and Providers: Aiming to improve pricing transparency and reduce patient confusion.
• Insurance Sales Agents: Guiding patients to appropriate coverage options.

Benefits for Patients:

• Understand healthcare costs upfront.
• Compare prices across different facilities.
• Make informed decisions about healthcare.

Benefits for Hospitals:

• Identify pricing outliers.
• Align pricing across locations.
• Improve patient satisfaction through transparency.

Security and Privacy:

SmithTech ChargeMaster operates in read-only mode and does not store PHI. The platform uses role-based access control, audit logging, and encryption to ensure data security.

Example Conversation:

User: "Compare MRI brain CPT 70551 at Rush, Northwestern, UChicago."

SmithTech ChargeMaster: "Rush: $1,320 • Northwestern: $1,480 • UChicago: $1,395 — want me to save this or export CSV?"

Making Healthcare Costs Understandable:

SmithTech ChargeMaster aims to solve the problem of confusing healthcare billing by providing a transparent and easy-to-use platform. The platform leverages AI to simplify complex medical codes and provide clear explanations, empowering patients and providers to make informed decisions about healthcare costs.

In conclusion, SmithTech ChargeMaster is a valuable tool for anyone seeking to understand and compare hospital prices. By providing clear explanations and AI-powered insights, it helps make healthcare costs more transparent and accessible to everyone.