Oliver Wyman June 24, 2021
Out-of-Industry Lessons for Healthcare Leaders
KEY TAKEAWAY
As Healthcare responds to disruptive price transparency regulation, it can learn from other industries like Aviation and Retail that already went through transparency revolutions. #OWHealth
Back in 2019, Oliver Wyman predicted that 2021 would be “the year of the consumer”. Price transparency — and its accompanying sticker shock — is merely the first step in helping consumers make smarter and more educated choices about their medical care, we said back then.
Well, here we are in 2021, coming out of the pandemic, and hospitals are now required to publish negotiated rates on how much their services cost. Large data releases have already begun. Organizations like Turquoise Health are emerging with consumer front-ends to...
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