Medical Price and Quality Transparency

Summary

Today’s patients want to shop for medical services and compare quality. Federal and state governments are beginning to mandate price transparency.

Why Price and Quality Transparency is Coming

The Patient Challenge:

As more cost shifts to the consumer, patients increasingly want to shop, compare costs, and budget for medical expenses.

Cost Uncertainty:

Patients find it difficult to find and understand pricing, and there’s an information disconnect between patients and payers.

Government Regulation:

The White House, the U.S. Congress, and many state legislatures are starting to encourage providers to provide accurate price and quality information.

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