MedCity News February 14, 2024
Katie Adams

Most hospitals and payers have publicly posted their pricing information, but experts think that data will remain mostly useless for consumers for at least another five years. Now that the data is available, healthcare software companies must step in and build tools that are personalized and easy to use. That way, consumers can eventually use price transparency data to shop for care.

Less than one-fifth of U.S. adults know the cost of their healthcare products and services prior to receiving them, according to the results of a new Gallup poll. The results were released this month — more than three years after CMS began enforcing its price transparency rule for hospitals, and more than a year after payers were also...

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Topics: CMS, Govt Agencies, Health System / Hospital, Healthcare System, Insurance, Patient / Consumer, Payer, Pricing / Spending, Provider, Survey / Study, Trends
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