Medical prices for the same procedure vary wildly across the US, sometimes by 25 times. A $10,000 procedure might cost $1,000 elsewhere. TALON's system lets employers capture these savings and return 65% to employees as rewards, turning price shopping into thousands of dollars back in workers' pockets.
Chapters
So there's a crazy disparity in pricing for the same test or procedure within a very short distance, pretty much anywhere in the country. You could see anywhere on the low end a 3x or 300% difference between low and high to anywhere up to a 25x or 2,500% difference low to high on that same procedure. And when you think about some of these procedures costing $6,000, $8,000, $10,000, and there's an ability to save 90% by navigating to the more reasonable high-value provider for that service in the area, there's a lot of money to be shared between, you know, employer bottom line and employee's retirement plan or employee's employees gift cards. And so we're talking, for instance, the way we do it with our employees, we provide 65% of the savings below the median cost of a procedure in the area to the employee as a reward. And that typically can be anywhere from, you know, hundreds of dollars typically to thousands of dollars.