Virtual Benefits Administrator and TALON Announce Partnership to Provide Consumers With New Cost Transparency Tools

GERMANTOWN, Wis.–(BUSINESS WIRE)–Virtual Benefits Administrator (VBA), a leading-edge healthcare software company, and TALON, a transformational healthcare technology company, announced their partnership to help insurers provide cost transparency and price comparison tools for health plan members. VBA Cost Transparency powered by TALON is a comprehensive solution aimed at satisfying the Transparency in Coverage Rule going into …

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Market Forces Will Soon Be Unleashed in Healthcare

By Mark Galvin In a matter of months, our healthcare system and the overall patient experience will change dramatically for the better. And most Americans don’t even realize it.  After decades of attempts to transform the healthcare system into a true market—one in which forces like competition between providers based on quality and pricing can bring prices …

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One Enraging Reason Why Health Care Costs Are Killing Us

By Mark Galvin, CEO Talon As of last month, a federal rule called the Hospital Price Transparency Rule took effect.  It mandates that the nation’s 6,000 or so hospitals must reveal the confidential prices they have been charging different insurers and employers for 300 different tests and procedures—like MRIs, blood tests and surgeries.  The data revealed so …

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Mark Galvin: Price transparency critical for ACA success

By Mark Galvin, Manchester Union Leader NEW HAMPSHIRE has always been a national leader helping citizens navigate the complexity of health insurance. In 1851, New Hampshire was the first state in the nation to establish an insurance regulatory agency. In 2003, New Hampshire emerged as the nation’s leader on healthcare transparency, becoming the first state …

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A Real Market in Medical Care? Singapore Shows the Way

Some American companies have embraced elements of it, such as price transparency and HSAs. By George P. Shultz and Vidar Jorgensen, The Wall Street Journal Does a real health-care market exist anywhere in the world? It certainly doesn’t in the U.S., where health-care providers don’t tell patients in advance about pricing, outcomes or alternatives. Consumers …

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COVID Tests Free No Longer?

By Brian O’Connell, TheStreet.com There’s good news and bad news on the COVID-19 front. The good news is that state-by-state testing is up dramatically, with some states like New York (over 4.23 million tests in June); California (4.68 million tests); and Florida (2.2. million tests) leading the way. The bad news? The days of the U.S. …

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