HealthLeaders Media August 17, 2020
Price transparency in healthcare is top of mind for patients and providers.
With the Centers for Medicare & Medicaid Services (CMS) calling on hospitals to increase price transparency by January 1, 2021, it’s time to prepare for the mandate and get a handle on how your organization will meet this challenge.
Successfully making the transition to offering greater transparency will not only put your organization in compliance, but help satisfy patient demand, increasing patient engagement and even point-of-service payments. As you navigate these new regulations and a landscape where patient estimates become the norm, here are five stats to keep in mind.
1. 74% of consumers would rather pay $50 out of pocket than not know the cost of a...
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