Healthcare costs in America are notoriously opaque. The same procedure can cost $500 at one facility and $5,000 at another just miles away. Until recently, there was no easy way for patients to know what they'd pay until after they received care.
PriceCheckMD was founded to change that. We believe that everyone deserves to know the cost of healthcare services before they receive them.
We're building the most comprehensive, easy-to-use database of negotiated healthcare prices. By aggregating data from insurance companies' publicly available price transparency files, we help patients, employers, and healthcare providers make informed decisions.
Unlike other healthcare cost tools that rely on estimates or averages, PriceCheckMD uses actual negotiated rates from insurance companies. These are the real prices that insurers have agreed to pay providers for specific services.
In 2021, the federal government began requiring hospitals and insurers to publish their negotiated rates. This created an unprecedented opportunity for transparency. However, these files are often massive (sometimes hundreds of gigabytes), complex, and difficult to search. PriceCheckMD processes this data and makes it accessible to everyone.