Hospitals prepare for pricing investigation
INSIGHT ARTICLE |
According to a recent alert by the American Hospital Association (AHA), hospitals should be prepared for scrutiny related to health care pricing due to investigative efforts conducted by Vox Media. The AHA in a statement indicated to its members: “We encourage you and your entire team to be certain that you remain familiar with your organization's policies and procedures on patient billing, financial assistance policies and how to talk about them with patients, their families and the public.”
The association also recommended hospitals identify spokespeople to discuss and share information about billing and pricing transparency. For more on this topic, read AHA advises members to prepare for healthcare pricing investigation.
Pricing transparency is a multiyear transformation and requires the engagement of many different stakeholders throughout the organization.
Read this case study to learn the strategies Florida Hospital used to transform its pricing strategy to meet patients’ growing needs.