What drives price transparency in health care? In an era of rising costs and diverse consumer buying preferences, the need for price transparency has taken on increasing importance for health care systems and hospitals. There are many factors driving this demand, including regulatory compliance, consumerism, value-based economics and more.
Health care providers effectively managing cost, clinical variation and patient experience are more likely to thrive in this increasingly transparent environment. Organizations should embrace this movement and launch a comprehensive price transparency strategy to meet the growing needs of patients and the marketplace.
Beginning with strategy, while ensuring revenue cycle alignment, our infographic outlines the steps you need to consider if you desire to be truly ready for price (and value) transparency.