How hospitals approach price transparency
Houk, S.; Cleverley, J.O.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 68(9): 56-62
2014
ISSN/ISBN: 0735-0732 PMID: 25647890 Document Number: 673507
A survey of finance leaders found that hospitals with lower charges were more likely than other hospitals to emphasize making prices defensible rather than simply transparent. Finance leaders of hospitals with higher charges were more likely to express concern that price transparency would cause a reduction in hospital revenue by forcing them to lower charges. Those respondents said commercial payers likely will have to agree to renegotiate contracts for price transparency to be a financially viable proposition.