UnitedHealthcare To Offer Quicken Health Expense Tracker to 700,000 Employer Health Plan Enrollees
Posted Aug 04 2009 6:03pm
The collaboration was created by Ingenix (who just received a big contract in the state of Washington) and Intuit and the efforts are to help the patient understand those complicated algorithms that are used to determine what you are eligible for with your plan. This is one more effort in shifting the responsibility to the patient so you know up front if you have money in the till and what has been spent on your healthcare. It appears that pretty soon if you do not partake in learning some bookkeeping skills along the way you are going to be at a disadvantage. They are not the only ones offering the software as you can read the post below from April.
Ok so you will have your web cam visit and have it all downloaded to Quicken Health, right? Oh and by the way, Ingenix will sell you an EMR too if you want to put all your eggs in one basket. Ingenix is the business intelligence arm of United HealthCare with proprietary algorithms, in other words we don’t get to see or are not advised on how they work, like the ones Goldman uses for example on Wall Street, also proprietary.
Again, I ponder, is this an insurance or technology company? BD
MINNEAPOLIS & MOUNTAIN VIEW, Calif.--( BUSINESS WIRE )-- UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, is expanding the availability of Quicken Health Expense Tracker SM to help nearly 700,000 of its commercial health plan enrollees nationwide better manage their health-related finances and information.
Developed by Mountain View, Calif.-based Intuit Inc. (Nasdaq: INTU) and UnitedHealth Group’s Ingenix subsidiary, Quicken Health Expense Tracker helps consumers organize and understand their health care financial information in a simple, clear way that will help them make more informed decisions about their medical expenses.
Following a successful pilot program, UnitedHealthcare is now offering employees of select large-business customers access to Quicken Health Expense Tracker and expects to make it available to more than 20 million commercial health plan participants by year end.
“We are making it easier for consumers to manage their health-related finances at a time when these individuals are taking more ownership of their health care decisions,” said Mike Matteo, CEO of United Healthcare's national accounts business that serves large employers. “With this ownership comes a greater need for decision-making tools that help consumers simplify how they collect, manage and understand their health care expenses. Quicken Health Expense Tracker enables users to translate the oftentimes fragmented components of their health care costs into more transparent, usable information.”