X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Piggy banks with calculator and stethoscope Not only is there massive price disparity among health care providers for the same procedure, simply choosing by price doesn’t provide consumers with other information they need to make an informed decision. (Photo: Shutterstock)

Just because a price is disclosed doesn’t mean that the cost to the patient—not just in money, but in quality of service—will be transparent.

That’s the conclusion of a study from public accounting, consulting and technology firm Crowe, Transparent Doesn’t Equal Rational: Problems With Transparency Order, which analyzed Crowe’s national hospital database for individual pricing levels of 100 common outpatient procedures priced at more than $500 in gross charges, the list price that hospitals post in their systems. Crowe also reviewed the average allowable revenue (what patients pay out of pocket after insurance) for each of those procedures.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

More from this author

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.