How Medical Cost Information Affects Physician Behavior

Many studies have documented the lack of correlation between health care spending and health care quality.[1] One reason is that thirty percent or more of U.S. healthcare spending is wasteful, a large portion of which is caused by overtreatment.[2] This not only makes healthcare unnecessarily expensive, but it also harms patients by causing side effects, complications, discomfort and lost productivity. …

IllumiCare wins Alabama Launchpad competition

The Alabama Launchpad is a start-up business competition sponsored by the Economic Partnership Development of Alabama.  IllumiCare began as one of 22 applicants in the competition.  It went through a series of business and financial plan reviews as well as oral presentations and Q&A by a distinguished panel of judges.  The competition culminated in final presentations to both judges and the public …

IllumiCare Partners with Texas Hospital Association

To help physicians understand treatment costs and make the best decisions for patients at the point of care, the Texas Hospital Association is introducing THA Smart Ribbon powered by IllumiCare. This patent-pending, non-intrusive “ribbon” of information gives physicians real-time, patient-specific cost and patient risk data, without electronic health record integration. The main ribbon hovers over the EHR, giving physicians more …

Early Positive Results at Four Hospital System

IllumiCare® is a non-intrusive “ribbon of information” that hovers over the electronic medical record and gives providers real-time, patient-specific hospital cost and iatrogenic risk data at the point of care. Many prior studies have demonstrated that when providers are presented with cost and risk data during the ordering process, they tend to be more fiscally efficient while also reducing iatrogenic …

IllumiCare Wins Corporate Innovator of the Year

The Economic Development Partnership of Alabama today named IllumiCare its Corporate Innovator of the Year or 2016. IllumiCare was one of a number of companies vying for award. Judges included CEOs from some of Alabama’s largest companies in technology, construction, banking and food services. Read the EDPA Press Release here.

IllumiCare & THA Win American Hospital Association Innovation Award

In recognition of its efforts to help physicians understand treatment costs and make the best decisions for patients at the point of care, IllumiCare and the Texas Hospital Association have received the Innovator Award from Hospitals & Health Networks, the journal of the American Hospital Association. “The collaborative efforts between physicians and health systems to drive value-based care require unique …

Alabama Newscenter Interview

CEO, G.T. LaBorde, was interviewed by Alabama Newscenter, and he discussed how IllumiCare would like to change healthcare.

Hospital Inpatient Drug Costs NORC Report

This graph is familiar to any Econ 101 student – as price goes up, demand goes down. This is what prevents a supplier increasing price and profit at will. But, the big assumption in this law of economics is that the buyer actually knows the price. A recent report from the NORC at the University of Chicago shed’s light on the …

Physicians Want Cost Data But Hospitals Do Not Provide It

We’ve been hearing tidbits here and there. A CMO from a large East Coast health system said, “Our docs have been asking about what things cost.” A COO from a large non-profit hospital wrote, “Several physicians have brought up their interest in knowing the cost of resources being used in caring for their patients.” But, a recently published survey of …