healthcare consumerism

The opposite of patient-focused? A cautionary tale for healthcare and other businesses alike.

Photo Credit: onsizzle.com Our company, medASTUTE, from its inception has championed a more collaborative approach to healthcare.  Not only do we want to drive down waste and inefficiency, but we want to help people to be healthier by being more informed and active “consumers.”  This is known in the industry as “Healthcare Literacy”.  But it’s …

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Financial Literacy Month

“National Financial Literacy Month is celebrated in April, which is a great opportunity for us to check and promote our financial situation and skills.  If you consider yourself illiterate in terms of finances then you are not alone!  It does not matter if you have just started earning or have been earning for a long …

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How long should medical debt haunt your credit report?

Photo by Mikhail Nilov from Pexels Recently, Forbes[i] and other outlets have been reporting on upcoming changes to the way medical debt reporting is handled by credit bureaus. What does it all mean? Essentially, it comes down to three changes, which I’ll mention first and then break them down. Paid-off medical debt will no longer be included in …

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2022 Already Filled With (Un)expected Surprises!

Happy New Year!!!! If you’re a first-time visitor – WELCOME! If you’re a returning visitor – WELCOME BACK! WOW! 2022 is off to a rather interesting start.  Here are just a few things that have already happened. Hospital Price Transparency – UPDATE The federal law known as the Hospital Price Transparency Rule, which requires hospitals …

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“Do-it-yourself” or “Hire a Pro”: How do you decide?

Credit: Featured photo taken by Daniel Sherer Every day, whether running your business or just around the house, you’re faced with choices when you need something done.  In many cases, it’s so obvious whether you should take care of it yourself (assuming you don’t just ignore it) or get someone else to do it.  It’s …

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Resort Fee… For a telehealth visit?!

Credit: Photo courtesy of and copyright Vintage Stock Photos, www.vintagestockphotos.com Did that get your attention? Read on and it’ll make sense in a minute. The Kaiser Family Foundation recently published a story “The Charges Seem Crazy”[i] about a trick that hospitals are using to extract more money from patients, it’s called a “Facility Fee”.  It’s …

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Who could possibly be hurt when you restrict what services hospitals may provide?

Credits: Grocery Store Image by Vectorportal.com I know, you had to read that twice, it’s stupid and was hard for me to write, but basically, it’s the exact and very short-sighted action that the state of Massachusetts just took.  You can read the details in this 11/27/2021 report by Fierce Healthcare (https://www.fiercehealthcare.com/hospitals/mass-calls-hospitals-to-reduce-elective-procedures-amid-staffing-shortages).  But let me …

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Financial Literacy From A Healthcare Point-of-View (Part 3)

“Each One, Teach One.” Better Late Than Never Let me preface this article by saying it’s long overdue. The reason? Let’s just say Life took me on a momentary, but necessary detour.  My pen, paper, and thoughts put aside, I proceeded on this unexpected journey.  Eventually, I would forget about the article…that is, until recently. …

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