Medical Economics January 19, 2024
The medical payments space will undergo significant change. Here’s what it could mean for health care providers.
Price transparency is the newest initiative and likely catalyst that will trigger large scale change to the traditional U.S. health care payment process. Where have we come from and where are we going with U.S. health care’s notoriously complex revenue cycle function? To put it simply, most health care providers and patients don’t even know what the doctor should be paid for treating the patient. That may soon change.
Various initiatives that are underway will eventually force a transformation of the U.S. health care revenue cycle process. A convoluted payment system that is fragmented by the existence of numerous insurance organizations, each with...
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