What is Smith Tech Solutions?
Smith Tech Solutions is a healthcare price transparency platform designed to empower patients and employers in the Chicago area to make informed decisions about medical costs. The platform allows users to search for and compare prices of medical procedures, tests, and services across various healthcare facilities, including hospitals, clinics, and imaging centers. By aggregating data from multiple sources, Smith Tech Solutions provides a comprehensive view of out-of-pocket costs, helping users avoid surprise bills and save money.
Key features include an intuitive search interface where users can enter a procedure name or code to see price comparisons, an AI-powered explanation tool that breaks down complex medical billing terms and provides cost estimates based on insurance coverage, and personalized cost-saving recommendations. The platform also offers a price alert system that notifies users when prices change or when lower-cost alternatives become available.
Benefits for patients include reduced financial stress, better budgeting for medical expenses, and the ability to choose high-quality, affordable care. For employers and benefits administrators, Smith Tech Solutions offers analytics dashboards that track spending trends, identify cost-saving opportunities, and support employee wellness programs.
Use cases range from individuals comparing costs for an MRI or colonoscopy to employers analyzing network performance and negotiating with providers. The platform covers a wide range of services, including primary care visits, specialist consultations, surgical procedures, diagnostic imaging, and lab tests.
Technical details: Smith Tech Solutions uses a secure API to integrate with healthcare data sources, including insurance claims data, hospital chargemasters, and public price transparency files required by federal regulations. The AI engine employs natural language processing to interpret medical terminology and machine learning algorithms to predict costs based on historical data. The platform is HIPAA-compliant and uses encryption to protect user data. It is accessible via web and mobile apps, with real-time updates and a user-friendly interface designed for accessibility.
Use Cases
Key Features
price comparison AI powered explanation personalized cost saving recommendations price alert system intuitive search interface out of pocket cost estimates surprise bill preventionWho is it for?
patients, employers, benefits administrators, healthcare consumers, Chicago residents, self, insured employers
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