As the number of high-deductible health care plans increase—and more patients consider cost when choosing providers—organizations need to get up to speed on price transparency.
Health systems are increasingly competing for patients in a cost-conscious market. When done correctly, offering price information to consumers can attract price-sensitive patients and protect and build patient loyalty. But, offering this information is not without risk.
Learn why price transparency is here to stay
Most of the existing data sources today are charge-based, inaccurate, and out-of-date, which could cause patients to forego care or go elsewhere. Does your organization have the capacity to develop an out-of-pocket price estimate system?
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