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Price Transparency

Price Transparency The Correlation Between Price Transparency and Value in Healthcare

The healthcare field provides a critical service to the general population, and this is taking care of our greatest asset – our health. Nevertheless, there are some patients that forgo healthcare due to the assumption of high prices. Some research suggest that providing transparent prices in order to improve on healthcare services is ideal.

Primer

Findings

Based on the findings, it’s safe to reason that patient’s value and appreciate transparent pricing. Nevertheless, there are some key considerations that should be noted if other health plans were to adopt clear pricing strategies:

Price Transparency and Efficiency in Healthcare

This study shows when given pricing easily understandable pricing information patients are able to select high value low cost healthcare services.

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