Solidarity Blog

Sharing Report: July 2024

Below is Solidarity HealthShare’s sharing report for the month of July 2024. From July 1, 2024 to July 31, 2024 inclusive, Solidarity HealthShare received $4,166,060 in eligible medical needs on behalf of our Members, which was re-priced and shared at $1,502,143. This resulted in a 63% savings on medical bills for our Members.

July 2024 Sharing Report

Sharing Report Breakdown

Total Amount Charged: $4,166,060
This is the total dollar amount of the eligible medical needs received on behalf of our Members.

Repriced Savings: $2,644,443 (63%)
This is the amount by which the Total Amount Charged was reduced using our Reference Based Pricing model and negotiations with providers. The percentage is the percentage of the Total Amount Charged which was discounted.

Other Coverage: $19,473
This is the amount of submitted medical expenses that were paid by another source besides Solidarity HealthShare (i.e. bills covered by Medicare where Solidarity would be secondary).

Eligible Medical Expenses: $1,502,143
This is the total amount of medical needs that were Eligible for Sharing according to the Sharing Guidelines. Specifically, this is the Total Amount Charged minus Repriced Savings minus Other Coverage.

Annual Unshared Amount: $276,202
This is the total amount of the Eligible Medical Expenses that Members were responsible for out of pocket until they reached their Annual Unshared Amount according to the Sharing Guidelines.

Total Amount Shared: $1,225,941
This is the total amount of the Eligible Medical Expenses that were shared using Members’ Monthly Contributions. Specifically, this is the Eligible Medical Expenses minus Annual Unshared Amount.

Full and Complete Satisfaction
The sharing of the eligible medical bills includes Sharing Members’ Monthly Contributions (deposited in their individual Member owned accounts) and an Annual Unshared Amount paid directly by Members to medical providers, both together accepted as full and complete satisfaction of the Members’ medical bills. 

Click here to see our last Sharing Report

This is an unaudited report of sharing numbers for the month of July 2024.