Integrate with BCP Healthcare Pricing Analytics
- Brandywine Consulting Partners
- Feb 14
- 5 min read
Updated: Mar 1
The U.S. healthcare costs are much higher than those of other high-income countries, yet the quality of care and health outcomes do not match this spending. In 2022, U.S. healthcare expenditure exceeded that of other countries by 40%, with no correlation to quality. Despite significant investment, health outcomes remain inconsistent compared to peers. Brandywine Consulting Partners has created a healthcare pricing solution to improve the relationship between expenditures and care quality and is seeking partners to enhance equity for patients.
The US Cost Conundrum
The United States allocates significantly more funds to healthcare per capita than any other affluent nation. In 2022, U.S. healthcare expenditures amounted to $12,742 per person, in stark contrast to Switzerland, the second-highest spender, which invested $9,044 per capita—40% less than the U.S. This discrepancy becomes even more evident when juxtaposed with other OECD countries, as the U.S. spends nearly double the average of its counterparts.
2022 Per Capita Health Expenditure
Our Solution: Transforming Healthcare with Pricing Transparency
We've built a national data store that tracks the pricing history of medical procedures, services, and prescriptions across the country. Our platform gives patients and healthcare consumers the power to compare costs, evaluate quality, and choose care providers with confidence—all based on transparent, real-time data. By shedding light on healthcare pricing, we're helping individuals make informed decisions that balance affordability, quality, and convenience.
Our platform empowers patients to make informed decisions by allowing them to compare costs, assess provider quality, and choose care that fits their needs and budget. By increasing transparency, we’re not only helping individuals avoid unexpected medical bills but also working to reduce healthcare inequities and improve patient outcomes. With clear, accessible pricing data, patients can take control of their healthcare choices—leading to a system that is more fair, efficient, and patient-centered.
Impact on Patient Decision-Making and Outcomes
Research shows that price transparency tools lead to lower claims payments for common medical services. For example, using an employer-sponsored platform resulted in reduced costs for laboratory tests, imaging services, and office visits. Access to pricing information encourages patients to seek cost-effective care, potentially saving money and improving health outcomes.
Reduction in Price Variation
Price transparency helps minimize hospital pricing discrepancies. A study revealed that urban hospitals typically charge less than rural ones, with high-quality hospitals offering competitive prices. Accessible pricing empowers patients to select affordable, high-quality providers, fostering competition and reducing overall healthcare costs.
Health Equity
Market-wide tools have shown that consumers use these resources strategically, especially in environments with considerable price variation and competitive providers. This suggests that price transparency can enable patients to make informed decisions, which may result in fairer access to affordable healthcare.
Brandywine Consulting Partners' Commitment to Change
Brandywine Consulting Partners (BCP) is steadfast in its mission to confront the challenge of price disparity by championing transparency within the healthcare realm. Our approach shines a light on the use of innovative technologies to provide accurate cost estimates, ensuring that this vital information is readily available to patients.
Introducing the BCP Pricing Data Application
BCP has developed a new pricing data application designed to bring transparency to healthcare costs. This application:
Aggregates Data: Collects and analyzes pricing information from various healthcare providers to offer a comprehensive view of costs for different procedures.
Real-Time Updates: Ensures that the pricing information is current and reflects any changes in the healthcare market, offering patients the most accurate data possible.
User-Friendly Interface: Provides an intuitive platform where patients can easily search and compare prices for medical procedures in their area.
By utilizing this application, both patients and care management operations can take control of healthcare decisions, reducing the financial burden and increasing accessibility to necessary medical services.
Integration: Web Services API for Healthcare Pricing Data Integration
The Brandywine Consulting Partners' pricing data application includes a robust Web Services API designed to facilitate seamless integration with healthcare systems, enabling clients to access and utilize comprehensive pricing data. The BCP API integration offers several key capabilities and features:
Data Retrieval: Clients can retrieve detailed cost information for various medical procedures from a wide range of healthcare providers. This includes average, minimum, and maximum prices to help clients understand the cost landscape. Additionally, our service also provides detailed information about healthcare providers, including location, specialties, and available procedures.
Search and Filter Functions: Clients can perform queries based on specific parameters such as location, procedure type, and provider rating. Our API allows sorting by cost, proximity, and provider ratings, enabling clients to tailor the data to their needs.
Real-Time Data Access: The BCP API ensures that all pricing data is current, reflecting any recent changes in the market to provide the most accurate and up-to-date information.
Secure Data Transmission: All data exchanged through the API is encrypted to ensure privacy and security. Additionally, our clients must authenticate their access to the API using secure tokens, ensuring that only authorized users can retrieve sensitive pricing information.
Integration Capabilities:
Compatibility
Cross-Platform Support: The API is designed to be compatible with various platforms and can be integrated into web applications, mobile apps, and desktop software.
Standards Compliance: Built to adhere to industry standards such as RESTful architecture, ensuring ease of use and integration.
Customization
Tailored Solutions: Clients can customize the API integration to fit their specific needs, allowing for bespoke solutions that align with their organizational goals.
Modular Design: The API's modular design allows clients to use only the features they need, optimizing performance and resource utilization.
Scalability, High Volume Support: The API is capable of handling a large number of requests concurrently, making it suitable for both small practices and large healthcare networks.
By leveraging the Web Services API, clients can integrate accurate healthcare pricing data into their systems, empowering patients with transparent information, promoting competition among providers, and helping to reduce healthcare costs and improve accessibility.
A Call to Action
To create a more equitable healthcare system, it is crucial for stakeholders—patients, providers, and policymakers alike—to prioritize price transparency. Brandywine Consulting Partners is dedicated to leading this change, advocating for policies that support transparency, and offering tools that empower patients. Together, we can navigate the complexities of healthcare pricing and foster a system that values both quality and affordability.
Collaborate, Collaborate, Collaborate
To maximize the effectiveness and accessibility of the BCP pricing data store, forming partnerships with organizations in the healthcare and technology industries is essential. We are actively looking for partners who align with our goal of making healthcare pricing clear and accessible to patients.
Brandywine Consulting Partners is dedicated to leading this change through innovative technologies and collaborative efforts. We invite patients, providers, and other stakeholders to join us in our mission to make healthcare pricing open and accessible to all.
872-BRANDY-W (872-272-6399)
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