HealthFees aggregates federally mandated hospital and insurer price data, cleaning and standardizing billions of records into a searchable database. Users can instantly compare cash, in‑network, and out‑of‑network rates for procedures, helping patients save an average of $3,200 per care episode and enabling employers, providers, and analysts to benchmark costs and reduce spend.
Funding
Funding not disclosed
Founders
Product
Problem
Patients, employers, and analysts struggle to understand the true cost of medical procedures because hospital and insurer price information is scattered across thousands of large, machine‑readable files that are difficult to access, clean, and compare.
Solution
HealthFees uses an AI‑driven platform to continuously collect federally mandated price data from over 6,000 providers and 400 payers, then cleans, validates, and standardizes the records into a searchable database. Users can query the system in natural language and instantly view cash, in‑network, and out‑of‑network rates side by side for any procedure. The platform highlights average savings of $3,200 per procedure for patients who compare prices before care and provides transparency scores for providers and payers. HealthFees also offers API and white‑label solutions that let other platforms embed the pricing engine, generate detailed reports, and support compliance with transparency regulations.
Target Audience
Primary users include patients and families seeking cost‑effective care, healthcare employers managing benefits spend, researchers and analysts studying price variation, and providers or payers that need market benchmarking and compliance tools.
Features
- AI‑powered ingestion pipeline that monitors and extracts pricing data from thousands of government‑published JSON and CSV files each month
- Automated data cleaning, validation, and rate standardization to produce a consistent, searchable price catalog of over 2.4 trillion records
- Natural‑language search interface that returns side‑by‑side comparisons of cash, in‑network, and out‑of‑network prices for any medical service
- Transparency scoring and compliance support tools for providers and payers
- Developer‑friendly RESTful APIs and UI components for seamless integration and white‑label deployment
- Detailed reporting and analytics dashboards for patients, employers, researchers, and healthcare organizations