Billing and Collections
Grades based on which states have legislation that dictates price transparency portals be set up.
Aside from collections, the Peer60 report found 25 percent of providers plan to outsource contract management.
Patient satisfaction has become much more tied to costs as consumers pay more out-of-pocket for their healthcare expenses.
Prepayment, patient engagement and clear estimates are a success for St. Luke's Health System.
As hospitals see revenue squeezed, many also face pressures to raise prices even though consumers watch costs closely, Ernst & Young consultants tell a crowd at the Healthcare Financial Management Association 2015 Annual National Institute.
These hospitals charge the uninsured and certain other payers more than 10 times the amount they charge Medicare, but critics say there's a big difference between what hospitals charge and what they are paid.
The new policies encourage physicians to give patients greater price transparency on the cost of care, taking into account insurance status.
Invitae has rolled out a one-price-fits-all payment model for its range of tests, charging a set $475 for any test for patients who don't go through their health insurance.
The top 100 inpatient stays are associated with approximately $62 billion in Medicare payments and over 7 million hospital discharges, according to data the department just made public as part of its transparency push.
Top services include upper airway endoscopy and nerve injections.