The case for price transparency: Why it pays to empower patient choice
As consumers become more responsible for footing their own healthcare bills, they have an urgent need to know upfront costs associated with their medical needs. While enabling a more transparent system poses risks to both patients and providers, consumers are ready for a more open environment when it comes to healthcare pricing.
- 89% of patients want to know their medical costs before they receive any care.
- 30% of hospital revenue comes from patients.
- 26% of American adults said they had contacted different doctors or medical facilities about prices.
- Learn how to adopt price transparency best practices.
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