RevCycle Intelligence January 16, 2020
Crowe found a 297% difference between the lowest and highest gross charge in individual hospital procedures, showing potential issues in the healthcare price transparency order.
The national disparity between gross charges for hospital procedures is substantial, at an average of 297 percent difference between the lowest and highest gross charge for each individual procedure, which could create issues with healthcare price transparency, according to a recent Crowe report.
The report titled “Transparent Doesn’t Equal Rational: Problems with Transparency Order” from public accounting, consulting, and technology firm Crowe looked into the June 2019 executive order on healthcare price transparency which directed HHS to require hospitals and insurers to reveal their healthcare service prices.
Patients face serious challenges in shopping for the...
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