May 17, 2020

CMS searches for company capable of creating digital platform for comparing healthcare prices

Sean Galea-Pace
2 min
The US-based agency, Centres for Medicare and Medicaid Services (CMS), has begun to put pressure on hospitals to be more open in the pricing of the proc...

The US-based agency, Centres for Medicare and Medicaid Services (CMS), has begun to put pressure on hospitals to be more open in the pricing of the procedures and services they offer, Healthcare Dive reports.

The agency revealed a rule on the Inpatient Prospective Payment System which required hospitals to publish their standard charges online as well as keeping the information up to date at least once a year.

In the notice, CMS confirmed that it is searching for a company experienced in looking after personally identifiable information and protected health data, in addition to retaining healthcare supplier details.

It is anticipated that potential contractors should have the capabilities to utilise healthcare price comparison data and bid or sell data for healthcare procedures.

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The notice continued: “Responding organizations should have specific experience supporting provider/supplier pricing and transparency efforts in the healthcare exchange and/or commercial insurer health care market who currently offer support for the development and maintenance of web-based price comparison tools, bidding systems, and applications.”

It is thought that depending on the responses, CMS could produce a formal request for proposals for a company to create an online comparative pricing tool.

The news comes following a study published in Health Affairs, where it was discovered that just 13% of respondents responsible for cost-sharing in their last healthcare encounter looked for cost information before obtaining care, in addition to only 3% comparing the price of alternative providers.

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May 24, 2021

Schneider Electric's intelligent patient room: need to know

2 min
We take a look at Schneider Electric's new smart patient room. 

Schneider Electric has launched a virtual showcase that features its new "intelligent patient room". What is it exactly? 

Who: Schneider Electric is a multinational that develops energy and automation solutions for many different industries - including hospitality, education, defence, and healthcare. Founded in 1836, today it is a Fortune 500 company, and it currently provides technology to 40% of hospitals around the world, among them Penn Medicine, one of the top hospitals in the US where Schneider's EcoStruxure for Healthcare is deployed, an IoT solution. 

What: Schneider has launched its Innovation Experience Live Healthcare Lab, an immersive experience that takes visitors through a demonstration of a hospital, including the doctor’s office, the operating room, and the intelligent patient room. 

The room features a digital patient footwall - a touchscreen that creates a single reference point for patients, families and healthcare providers, by incorporating care information, entertainment and environmental controls all in one place.  A separate digital patient door display has important information for healthcare staff. 

All Schneider's equipment is low-voltage, and integrated so that the patient room, clinical needs and IT are all seamlessly connected, what Schneider calls a digital “system of systems.”

Why:  Mike Sanders, Customer Projects & Services in Healthcare Innovation at Schneider Electric, explains: “The hospital of the future will need to put the patient experience at the forefront, using innovative and connected systems to provide superior in-hospital care experiences.” 

“With the shift to remote work and business brought forth by the pandemic, we knew that we needed to invest in a new virtual experience that showcases our vision for a truly integrated healthcare experience. We believe our intelligent patient room is the solution that our healthcare partners and customers have been looking for, and we’re excited to offer a way for them to experience it no matter where they are in the world.”

Where: The virtual experience was modelled after the new innovations installed at Penn Medicine in Philadelphia, the first real-world installation of Schneider Electric’s fully integrated intelligent patient room technology. It is currently being hosted at the company’s St. Louis Innovation Hub and Innovation Executive Briefing Center (IEBC) facility.  

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