By using this site, you agree to the Privacy Policy and Terms of Use.
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

More Sign Posts on the Road to Connected Health Adoption
Video: What Will Healthcare Look Like in 2017?
Pay for Performance Attacks Medical Quality: Lincoln Lucks Out
Physician No Show Appointments Demoralize Doctors
Wyden/Ryan Medicare Plan is a Loser


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

Mental Health EHR
What Are the Core Features of a Mental Health EHR?
Mental Health Therapies
January 28, 2026
ADHD in adulthood
ADHD In Adulthood And Its Lasting Effects
Health
January 27, 2026
3d printing in modern medicines
From Concept To Care: How 3D Printing Is Reshaping Modern Medicine
Infographics Technology
January 27, 2026
titanium importance in healthcare
Why Titanium Matters In Modern Medicine
Health Infographics
January 27, 2026

You Might also Like

Speaking Up for Patient Safety | Healthcare Career Resources Blog
Hospital AdministrationMedical Ethics

Speaking Up for Patient Safety

July 6, 2016

Hospitals Turn to Social Media for Patient Feedback

August 29, 2013
collaboration between health providers and patients
Hospital AdministrationMedical EducationPublic Health

Collaboration: Emerging From Below

February 21, 2014
Image
Business

Oncologists Get Serious About Drug Prices

April 27, 2013
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?