Price Transparency in Hospitals – A New Component in Patient Choice | Fair Code Associates | DRG Assessment

In June 2019, by the swipe of a pen on an executive order, healthcare price transparency was assigned to HHS directing hospitals and insurers to make publicly available the prices they charge for their healthcare services. Patients are on the hook for a greater percentage of their medical bills than ever before including non-urgent choices on where to receive their care. The logic flowed that patients will be provided a procedure’s costs before non-urgent surgery in order to make an informed financial decision. Price transparency allows patients to be able to take costs into account when making provider decisions.

 

Source: Price Transparency in Hospitals – A New Component in Patient Choice | Fair Code Associates | DRG Assessment

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