Medical bills remain a leading cause of bankruptcy in the United States, with healthcare costs contributing to approximately 540,000 bankruptcies annually as of 2024. This represents roughly two-thirds of all bankruptcy filings. Sumhealth is on a mission to make healthcare billing transparent , affordable and trustworthy for millions of Americans.
The healthcare industry overall suffers from a lack of price transparency, causing:
- Patients unable to budget for healthcare expenses
- Providers struggling to provide accurate cost estimates
- Payers facing challenges in negotiating fair rates
- Employers grappling with managing healthcare benefit costs
Our free user friendly tool provides comprehensive pricing data from over 2,500 + hospitals. With your support we aim to create a comprehensive healthcare pricing platform by integrating both hospital and payer data, offering a unified view of U.S. healthcare costs—essentially becoming the Bloomberg of the healthcare industry.
Overall , we aim to provide data, tools & services that can help consumers , providers ( hospitals ) & Payers ( Insurance companies ) to understand hospital pricing transparently and be as well be compliant to new hospital price transparency rules
SumHealth has gained industry recognition, recently featured on Elion Health's "Price Transparency Market Map" Our positioning on this map validates our market relevance and underscores our potential to drive significant change in the industry.
Read more: https://elion.health/resources/price-transparency
Check us out at https://sumhealth.org & back our project on kickstarter if you do believe in us!
Overall , we aim to provide data, tools & services that can help consumers , providers ( hospitals ) & Payers ( Insurance companies ) to understand hospital pricing transparently and be as well be compliant to new hospital price transparency rules SumHealth has gained industry recognition, recently featured on Elion Health's "Price Transparency Market Map" Our positioning on this map validates our market relevance and underscores our potential to drive significant change in the industry. Read more: https://elion.health/resources/price-transparency
Check us out at https://sumhealth.org & back our project on kickstarter if you do believe in us!