Unveiling the Cost of Care: How Transparency Changes the Patient Perspective

As the pressure to cut costs increases and patients shoulder more of the burden of paying for care, healthcare price transparency has become an unavoidable issue for hospitals, health systems and other providers.

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In March, journalist Steven Brill got Americans talking about pricing with his TIME cover story, “Bitter Pill: Why Medical Bills Are Killing Us,” which investigated hospital billing practices. Then, in May, CMS released hospital chargemaster data to the public for the 100 most common Medicare inpatient diagnostic related groups. In June, the agency also published data from calendar year 2011 on hospital-specific charges for the 30 most common ambulatory payment classifications, or APCs, for hospitals paid under the Medicare outpatient prospective payment basis.

 

Read the full article on Becker’s Hospital Review.

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