Price transparency in the healthcare industry is meant to provide meaningful pricing information to consumers. Researchers compared prices among 53 hospitals for a standard heart procedure, […]
In November 2019, under the Trump Administration, an executive order was issued to help improve price transparency within the United States’ current healthcare system. The order […]
One thing that most healthcare providers agree on, despite the many differences and clashes among them is that they believe in the power of technology in […]
Recently, a price transparency rule was issued by CMS – The Centers for Medicare and Medicaid Services. This rule demands hospitals to issue their prices before […]
Healthcare pricing transparency is one rule that was long overdue in the public and private sectors to help increase the efficiency of the overall working of […]
What is Price Transparency? Price Transparency is the ability of having all the bid and ask prices along with the quantities being transparent to patients. The […]
Healthcare is the largest component of the American family budget, after housing. About 45 percent of spending by private health insurance accounts for hospital care. Americans […]
For a very long time now, prices of medical services and hospital facilities have skyrocketed. While many people justify it saying technology and facilities are rightfully […]
COVID-19 came too soon. We had the bad fortune of COVID-19 manifesting before January 1st 2021. On that celebrated day, new pricing transparency rules will go […]
For any type of business, capacity determines the ability to earn revenues over time. What makes hospitals and healthcare facilities unique in terms of revenue type […]
The centers for Medicare & Medicaid Services (CMS) are mandating hospitals to increase price transparency by January 1, 2021, therefore hospitals are preparing to meet this […]