Task force recommends ways to improve price transparency

April 22, 2014
Task force recommends ways to improve price transparency

(HealthDay)—Price transparency frameworks, which provide price information presented in the context of other relevant information, should be developed to meet patients' needs, according to recommendations presented in a report from the Healthcare Financial Management Association (HFMA).

Researchers from the HFMA Price Transparency Task Force discuss the issue of , noting that the information needs to be presented in the context of other relevant information.

According to the report, price transparency must provide clear, readily accessible information to patients, allowing them to make comparisons among providers. It will necessitate the identification and development of information and tools by providers, care purchasers, and payers. The task force recommends distinct price transparency frameworks for different care purchaser groups. For insured patients, transparency tools should include total estimated price of service; clear indications of whether providers are in a specific plan; clear guidance of patient's estimated out-of-pocket expenses; and other relevant information such as clinical outcomes and patient safety. For uninsured and out-of-network patients, the provider should be the main source of price information. Providers should be able to give relevant information, including an estimated price, and communicate these estimates and detail what they include.

"Based on the recommendations in this report, the calls upon all stakeholders to join in a concerted effort to provide the price that patients and other care purchasers require," according to the report.

Explore further: Study finds difficulty obtaining pricing, varying costs for total hip replacement

More information: More Information

Related Stories

Transparency key to improving value care for patients

May 29, 2013

(HealthDay)—In order to ensure the provision of higher quality care and cost control in a post-Affordable Care Act health care system, data on price, utilization, and quality should be made publicly available unless there ...

Recommended for you

Bacteria in smokeless tobacco products may be a health concern

August 26, 2016

Several species of bacteria found in smokeless tobacco products have been associated with opportunistic infections, according to a paper published August 26 in Applied and Environmental Microbiology, a journal of the American ...

Is tailgating toxic?

August 26, 2016

While tailgating this football season you may want to take a step back from the grill and generator—for your health.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.