Healthcare Finance News January 16, 2020
The national disparity between gross charges for each procedure is significant with a 297% difference between the lowest and highest gross charge.
In 2019, President Donald Trump issued an executive order on healthcare pricing transparency, with the goal of empowering patients to be able to “shop around” to compare pricing for similar services at different hospitals. But using data gathered by the Crowe Revenue Cycle Analytics software, a Crowe report entitled “Transparent Doesn’t Equal Rational: Problems With Transparency Order” found that pricing disparities may be complicating the picture.
Crowe, a public accounting, consulting and technology firm, analyzed its national hospital database for individual pricing levels of 100 common outpatient procedures priced at more than $500 in gross charges, the list...