One difficult aspect of America's private healthcare system is that any one patient's healthcare costs for the exact same procedure can vary wildly depending on the region in which the procedure takes place, the insurance company covering it and the actual doctor performing it. The 'Health Costs' app works to remove the guessing from healthcare pricing by analyzing billions of dollars worth of insurance data.
Health Costs is a new addition to the healthcare suite by Amino, a San Francisco-based tech company. While the previous app could find doctors and book appointments, the new Health Costs feature uses an algorithm to make an estimate about the cost of anything from an appointment to a major surgery.
The inability to find cost estimates in healthcare is a potentially serious problem. An uninsured surgery with one doctor can end up costing someone their nest egg, while the same surgery in another state could be significantly less expensive. The Health Costs app crunches big data to save people's financial livelihood when their health falters.