Startup CakeHealth.com Wants To Be Your Mint.com For Managing Your Healthcare Expenses

Cake Health is an online system that helps users understand and manage their health care. They have recently opened it to the public. Cake Health provides a central place to track all your healthcare plans online. It updates your plan status so you know what’s covered, automatically categorizes your claims, tracks your out-of-pocket expenses and alerts you to possible overcharges.

“Eight out of every 10 medical bills have mistakes,” said Rebecca Woodcock, co-founder and CEO of Cake Health. “We don’t think managing your healthcare dollar should be difficult. We developed Cake Health to help subscribers regain control of their health by helping them get the most out of their healthcare spending.”

Once a consumer signs up with Cake Health, getting started is easy. The new subscriber adds their insurance login information into their account and Cake Health does the rest. The service will monitor and analyze claims, dynamically update the policy information to reflect claims, insurance payments and deductible payments and search for potential billing mistakes like mismatched medications, double entries and other common errors.

Three key features to Cake Health include:

Cake Health Money Manager: A service that pulls together insurance benefit information as well as billing information from medical providers. Subscribers will see, in an easy-to-understand method, what coverage they have, where their healthcare dollar is spent and, in many cases, identifying benefits they didn’t realize they had.

Cake Health Plan Matcher: A unique recommendation engine that identifies healthcare plans based on a subscriber’s actual healthcare spending, individual requirements and history.

Cake Health Mobile: A bill capture feature for the iPhone and available through iTunes. With Cake Health Mobile, subscribers simply take a picture of their medical bills, and Cake Health Mobile reads the image and automatically populates their account. In addition, subscribers can scan documents and forward them to Cake Health via email at docs@cakehealth.com.

The healthcare system today is run like amateurs today. Having a reliable dashboard online to monitor your claims and benefits is desperately needed. You can use you insurers website but there is a lot of things there and often are hard to navigate. CakeHealth.com takes down the wall between insurers and consumers. Here you will find cost, coverage, and procedures plainly spelled out.

Simplee.com Helps Manage Your Health Care Expenses

If your financially able to pay for health care, managing and understanding it is a difficult task. When you go to the doctor you may not be sure how much the doctor will charge, how much your insurance coverage will pay, and if your deductible is met yet. Juggling and keeping up with all these factors of your health care plan is a lot a work. Even if you wait till your explanation of benefits letter arrives in the mail , it can be still very confusing. You need an easy way to keep track of all these numbers.

Today we have Simplee.com to help. Simplee.com is an online personal health care management website. It's the Mint.com for health care. The way Simplee works is you simply let Simplee link to your health care providers website and it accesses the data and then it presents it to you in a simple and manageable way. The website will show you how much you were billed for a procedure, how much the insurance company will pay and what you are expected to pay. You don't have to enter any information because you allow the Simplee website to use your log on information for the health care providers website and Simplee just accesses the information itself.

You can use the information for multiple accounts and family members. It will keep track of your deductibles and even let you know what services your policy covers.


Simplee lets you drill down to individual claims to see what your insurance paid, the negotiated discount, and what you owe. It’s like a statement of benefits that actually makes sense. 

Simplee currently supports eight of the largest health plans in the U.S (including Aetna, United Healthcare, Cigna, Empire BlueCross BlueShield, and BlueCross BlueShield of California), and is adding more every week.

US Healthcare System Is "Evil," Says Justin Bieber

Image via Wikipedia
When I think of words to describe the U.S. Healthcare system, the word "evil" has never entered my mind. But to our young friend Justin Bieber, it's evil. Recently, I don't know how this could come up, but Justin Bieber commented on the U.S. Healthcare System. Here's what he told the Rolling Stone magazine when asked if he would switch from being Canadian to a US citizen. Bieber says:

"You guys are evil. Canada's the best country in the world. We go to the doctor and we don't need to worry about paying him, but here, your whole life, you're broke because of medical bills. My bodyguard's baby was premature, and now he has to pay for it. In Canada, if your baby's premature, he stays in the hospital as long as he needs to, and then you go home."

Even though he is only 16 years old he does have his opinions. I did not know he was a Canadian. He has grown up in a country that has socialized medicine. He believes it is a good thing. Lets remember that because of his youth he has a very limited knowledge of finances and paying your own way. Also remember he is being sympathetic to his body guards situation. He is coming from a good heart.

By his comments, I believe he is not that involved with his personal finances. Someday when he is old enough to take an interest in his tax returns, he may think differently. His future looks bright, with music, TV and movies in his future. He will be making obscene amounts of money and paying obscene amounts of tax. He may wonder when that day comes where his money is going to. That day hopefully he'll put 2 and 2 together and realize that his Canadian Healthcare System is not so free anymore.

Related articles

• Justin Bieber: "I Don't Really Believe In Abortion" (mediaite.com)
• Justin Bieber talks sex, politics and Swiss Chalet (theprovince.com)
• Justin Bieber to Rolling Stone: 'I don't think you should have sex with anyone unless you love them.' (popwatch.ew.com)
• Justin Bieber Does 'Rolling Stone' Magazine (pinkisthenewblog.com)