eBook

The Case for Price Transparency

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The Case for Price Transparency

Revenue cycle managers and hospital leadership wrestle with the new reality of patients as consumers. As much as 25 percent of a facility’s revenues come from patient payments. Price transparency, a given in most industries, is something hospitals are increasingly required by federal CMS rule, to deliver. But, it's not easy to deliver. This eBook will help you rethink your strategy by detailing 8 proven strategies to design a simple yet effective program.

  • What are the barriers to providing transparency, and what are the best ways to get patients what they need to understand their financial responsibility?
  • While patients demand price transparency, hospitals have a huge stake in delivering it. Price transparency is a critical component of revenue cycle management because it helps patients better understand their financial responsibility.
  • Read the 8 best practices for rolling out price transparency programs that are truly customer-friendly. You can be compliant with CMS regulations, but not be any closer to helping your customers make healthcare purchasing decisions or understand their financial responsibility for care. Can you really guarantee a price for providing care?

Check out the discussions on how and when you can provide assurance on pricing. And how to protect yourself in communicating pricing to patients.

 

Revenue cycle managers and hospital leadership wrestle with the new reality of patients as consumers. As much as 25 percent of a facility’s revenues come from patient payments. Price transparency, a given in most industries, is something hospitals are increasingly required by federal CMS rule, to deliver. But, it's not easy to deliver. This eBook will help you rethink your strategy by detailing 8 proven strategies to design a simple yet effective program.

  • What are the barriers to providing transparency, and what are the best ways to get patients what they need to understand their financial responsibility?
  • While patients demand price transparency, hospitals have a huge stake in delivering it. Price transparency is a critical component of revenue cycle management because it helps patients better understand their financial responsibility.
  • Read the 8 best practices for rolling out price transparency programs that are truly customer-friendly. You can be compliant with CMS regulations, but not be any closer to helping your customers make healthcare purchasing decisions or understand their financial responsibility for care. Can you really guarantee a price for providing care?

Check out the discussions on how and when you can provide assurance on pricing. And how to protect yourself in communicating pricing to patients.