Palo Alto, CA - October 1, 2012 - Health care expense management company Simplee and El Camino Hospital, an award winning and innovative locally-owned and controlled District hospital serving Silicon Valley with campuses in Mountain View and Los Gatos, today announced that they have partnered to launch the nation’s first completely integrated medical bill and explanation of benefits (EOB) reconciliation system.
As part of this agreement, Simplee will instantly match a patient's El Camino Hospital bill with their insurer EOB to resolve charges, explain claims, scan for possible claim errors, and pay bills online. This reconciliation system eliminates the need to compare physical statements from multiple providers and insurers over an extended period of time in order to determine final medical benefits and charges. Simplee is also offering an online bill pay option for patients who choose to pay their hospital bills online and not sign-up for the full Simplee service.
"We are constantly looking for new and innovative ways to help our patients manage their health care," said Michael King, chief financial officer of El Camino Hospital. "Simplee allows our patients to automatically reconcile statements from El Camino Hospital and their insurers online and in real-time to make the billing and payment process simple, seamless and straightforward."
El Camino Hospital will encourage its patients to use Simplee to better manage their financial health plan benefits and bills. At multiple points from check in through discharge, patients will receive information about Simplee and provided with an opportunity to sign up for the service. Financial services representatives will continue to be available for patients to help them enroll in the service and to help them answer questions about their bills.
"We are thrilled to partner with El Camino Hospital to implement this unique reconciliation system," said Tomer Shoval, co-founder and CEO of Simplee. "El Camino Hospital has long been considered a pioneer in patient care and the use of new technology to improve the patient experience. This partnership is about making patients' lives easier by saving them the time, money and stress historically associated with managing medical bills."
In addition to this unique reconciliation system, Simplee allows El Camino Hospital patients to track, review and pay medical claims and bills from all of their insurance-related providers, including health, PBMs (pharmacy benefit management), dental, and vision insurance carriers. In addition to plain language benefits and claims explanations, members receive medical support notifications from Simplee that highlight medical deductible usage, historical spending for open enrollment decisions, and alerts for medical billing errors.
Since its launch in 2011, Simplee has helped members manage nearly half a billion dollars in medical expenses across hundreds of thousands of medical providers. These members are highly engaged, with more than 65% returning to the platform on a regular basis. Those members using Simplee's online bill payment solution pay an average of more than $1000 per year in medical claims through the platform. The company currently supports insurers who cover 80% of the U.S. market.
For more information on Simplee and how to take control of your health care expenses please visit Simplee.
Update: On November 7, 2015, El Camino Hospital implemented a new electronic health record system call myCare. This new system enables patients to securely access their electronic health record, view and pay their bills online and manage their care.
Simplee is a privately held company that empowers consumers to take control of their health care financials. The free, web-based service helps consumers save time and money with a centralized place for tracking and paying their health care expenses. Simplee's health care dashboard and customizable analytics help consumers better understand and manage their medical benefits and expenses. The company is located in Palo Alto, California, and maintains a development center in Israel. www.simplee.com