HFMA September 23, 2021
Nick Hut

  • The ongoing federal effort to spur price transparency in healthcare is unlikely to have a profound impact on costs, an industry expert said.
  • A key issue with price transparency is the expectation that prospective patients will consistently think like consumers.
  • Employers could be the biggest beneficiaries when the full effects of price transparency are felt.
  • When transparency regulations for health plans start next year, the industry should prepare for “confusion” stemming from discrepancies between the prices posted by insurers and those posted by hospitals.

Niall Brennan, a leading expert on healthcare cost drivers, is among the skeptics who doubt the ongoing price transparency push can result in a more efficient system.

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