Hospitals’ Price Transparency Efforts Need to Also Focus on Consistency

HealthLeaders Media September 21, 2023
Jay Asser

There are several facets of pricing information that hospitals should stay on top of.

KEY TAKEAWAYS

– Improving price transparency for hospitals shouldn’t only be about complying with the law, but also taking the initiative to give patients consistent and reliable prices, regardless of where they get it from.

– Keeping the public properly informed about prices can help retain patients and attract new ones as well.

Providing pricing information is just one aspect of improving price transparency—undermined by giving patients inaccurate or inconsistent prices.

To achieve greater price transparency and build trust with patients, hospitals must go beyond what is just required by the current regulations in place. That can mean providing uniform prices for the same services, regardless...

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