News Headlines Article

Hospitals get rewards for saving money. Why not patients?
Modern Healthcare

The term “shared savings” usually brings to mind the CMS‘ accountable care programs and the shared rewards for hospitals that save money over the benchmark costs of care.

But a select number of technology companies are bringing the concept of shared rewards directly to consumers, designing programs that give them cash incentives for going to a lower-cost provider or getting routine preventive screenings.

Vitals, a Lyndhurst, N.J.-based company known for its doctor ratings, acquired SmartShopper in 2014 and refashioned the software as a tool for online comparison shopping—with a twist.