Fierce Healthcare October 11, 2019
Most people wouldn’t think of buying an expensive item, such as a car or house, without performing extensive research and price comparisons. Yet, when it comes to healthcare services, comparison shopping has historically been nonexistent.
However, with the recent signing of an executive order by the president, increased transparency in healthcare and a move toward healthcare consumerism could become standard.
The executive order mandates that healthcare providers publish the cost of medical procedures before consumers receive them. The president’s actions could bring about a significant overhaul of the healthcare industry.
How the executive order could transform healthcare
In the traditional healthcare delivery model, patients tend to pay little attention to the cost of services until they receive a bill. Consumers...
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