We use cookies, including third-party cookies from Google to serve personalized ads through AdSense, to operate this site and understand how it is used. By continuing to browse, you accept this use. See our Privacy Policy and Terms of Use for details, including how to opt out of personalized advertising.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Price Transparency in Medical Care
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Price Transparency in Medical Care
Business

Price Transparency in Medical Care

docnieder
docnieder
Share
4 Min Read
Image
SHARE

Image

Image

As healthcare costs become a bigger and bigger chuck of our Gross Domestic Product (GDP), price transparency is a subject that insurance companies and patients are talking about. The idea of knowing how much something costs, be it canned black beans in the grocery store or replacing the leaking faucet in your kitchen, seems obvious but it will be an uphill battle to enact change within the healthcare system. The concept seems simple–make prices accessible to the people who are paying them just like in any other service industry. While healthcare is more complex than a plumbing job, there are still some things that should be easy to price–cataract extraction, blood pressure check, yearly physical, uncomplicated appendectomy. The hidden prices and unknowns in medicine can quickly add up. It is no wonder that  patients are angry, frustrated and incredulous.

Case in point, my mother called yesterday to ask why she was not told that going to a cardiologist in our system for a test was “outpatient treatment” in a hospital. She had no idea that was the case until the  EOB (Explanation of Benefits) came from her insurance company with a charge specifically associated with that. The answer is that the cardiologists are employees of the hospital so there is an additional fee tacked on to her bill. Even though her visit appeared to be in a doctor’s office, it is now an extension of the hospital. As such they tack on a “facility fee” that, while technically allowable, I find distasteful and misleading, even as it is done by my own healthcare system. Talk about a lack of transparency! My mother had no clue and at 84, even if someone did explain it to her, I doubt she understood what they were talking about. Not until she got the EOB from her insurance company did she start to question.

A patient with congenital heart disease told me this week she was putting off getting an imaging study on her heart because she can’t afford the $1000 hospital fee that her now-hospital-employed physician would be adding to her bill. One thousand EXTRA billed dollars solely for that reason??? How do hospitals justify this? They state that patients are paying for the “added services” that being a hospital-associated facility affords them, like infection control and patient safety. I doubt anyone thinks paying four times what the doctor charges for a facility fee is justified by patient safety. For another take on this please read: Medical Billing: a world of hurt.

It’s encouraging to see patients becoming more involved in this process–pushing for price transparency[1]. Doctors are also beginning to understand that we can no longer hold ourselves above the fray, believing that caring for the patient in the best manner possible without knowing the economic burden that care incurs to the patient or family is not our concern. Best care does include knowing costs. In the meantime, my patient who needs the echocardiogram waits, and hopes for the best.

photo: pricetransparency/shutterstock

More Read

Eric Topol’s 9 Steps Toward Better Health Care—We Add a 10th
Making Heath Addictive: Make It Personal
How to Optimize Post Conversion
Affordable Care: Your Prospective Patients Are Mighty Confused
FDA Approves First Ever Self Sanitizing Keyboard


1. Outofpocket.com. Lori, Mona. Frisbie, Patrick. 11/07/12. Flying Aces Incorporated Inc. 11/10/12 http://outofpocket.com/Blog/2012/11/07/TheBiggestQuestionNoOneIsAskingInHealthCare.aspx

TAGGED:price transparency
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5KFollowersLike
4.5KFollowersFollow
2.8KFollowersPin
136KSubscribersSubscribe

Latest News

Before Sterilization Begins: Why Bioburden Testing Matters -- AI-generated illustration
Before Sterilization Begins: Why Bioburden Testing Matters
Health Infographics
September 11, 2026
Hidden Cybersecurity Roadblocks That Can Complicate FDA Submissions -- AI-generated illustration
Hidden Cybersecurity Roadblocks That Can Complicate FDA Submissions
Infographics Policy & Law Technology
September 11, 2026
Smaller, Lighter, Smarter: How Inflation Is Changing Wellness Packaging -- AI-generated illustration
Smaller, Lighter, Smarter: How Inflation Is Changing Wellness Packaging
Infographics Wellness
September 11, 2026
How Roof Deterioration Affects Indoor Air Quality and the Health of Building Occupants -- AI-generated illustration
How Roof Deterioration Affects Indoor Air Quality and the Health of Building Occupants
Health
September 10, 2026

You Might also Like

Employer-Sponsored Comprehensive Primary Care

February 25, 2016
nordstrom lessons
Business

Valuable Marketing Lessons Doctors Can Learn from Nordstrom

September 26, 2014
digital health startups
BusinesseHealthFinanceTechnology

Digital Health Startups and Strategically Integrated Investors

March 10, 2015
eHealthHealth careHospital AdministrationMedical Records

Tips To Follow To Help Avoid Surprise Medical Bills

April 29, 2019
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2026 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?