Billing and Collections
A higher chargemaster price can increase the payment from private insurers, which often pay for outpatient and ancillary services based on discounted chargemaster prices.
The ballot proposal would have created a floor and ceiling for commercial payment rates.
The bill would require insurers to reimburse out-of-network doctors and health providers at the same rate as what they pay in-network providers.
Coding quality is more important than ever, but other analytics tools are helping hospitals bridge the gap.
Healthcare affordability, the future of Medicare on top of mind as voters weigh healthcare issues ahead of the November election.
Even for states that have managed to institute some kind of method for consumers to compare prices for healthcare services, patients have few options for finding current pricing on common procedures. That's what a study from the nonprofit advocacy group Public Citizen shows.
New Hampshire, Colorado and Maine each received an A due to the increased quality of their reporting and transparency websites.
Even when patients were grouped by characteristics such as age or severity of illness, hospitals differed significantly in inpatient costs, length of stay, and time spent in the intensive care unit.
Outsourcing costs to vendors like CarePayment, ClearBalance offset by higher collections, executives say.
Latest effort still falls short of what's needed, says American Hospital Association.