United States

Pricing transparency: A multiyear approach

HFMA National Institute—ANI 2016 presentation recap


Complicating factors mean that the effort to move toward pricing transparency is a multiyear process for health systems. A growing number of hospitals and health systems are looking to revise their pricing structures as a necessary component of providing price transparency.

Jim Sink, principal at RSM US LLP, said recently at HFMA National Institute—ANI 2016 meeting that hospitals and health systems should be prepared to take three to five years to develop rational pricing, which reflects their actual costs.

“They need to acknowledge it’s a multiyear transformation and requires the engagement of many different stakeholders throughout the organization,” Sink said.

Read more in HFMA’s recap article, Why price transparency is a multiyear strategy.

In addition, read about Florida Hospital’s efforts to transform its pricing strategy to meet patients’ growing needs in this case study.

How can we help you?

To discuss how our team can help your business, contact us by phone 800.274.3978 or

Events / Webcasts


Health care industry webcast series

  • August 27, 2020


Preparing your organization for a federal compliance audit

  • August 20, 2020


Health care industry 2019–2020 webcast series

  • April 09, 2020