price transparency
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Careviso rakes in $17M to enhance price transparency in diagnostic testing
Virginia-based Careviso recently raised $17 million in Series B funds. The company — which is focused on improving transparency and access for diagnostic testing — will use the funds to enhance its platform’s price transparency tool and deploy it in physician offices so it can be used at the point of care.
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Payer’s Place: Dr. Anil Singh
Dr. Anil Singh shares his insights into the strategies employed by the organization to identify the most effective digital solutions for their members.
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Improving the patient financial experience requires an end to ‘mafia’-style price negotiations
The patient financial experience in the U.S. is poor — patients have a hard time understanding pricing data and they often face exorbitant prices for care and medications. This problem will only get better if the healthcare industry rids itself of price-gouging middlemen and closed-door price negotiations held by businesspeople, according to a recent healthcare innovation panel.
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MedCity Influencers, Legal, BioPharma
Despite hurdles, healthcare transparency is still a noble goal – and one within our grasp
Legislative solutions to expand healthcare pricing transparency have fallen short, but that doesn’t mean we’re out of options. Emphasizing technological fixes and collaborative solutions show promise for a complex problem.
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MedCity Influencers, Consumer / Employer
Pre-service cost estimates: A tale of two patient journeys
How is the patient journey impacted when individuals have an estimate of care costs before […]
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MedCity Influencers, Consumer / Employer
The price is not right
Last year’s price transparency laws were an important step for the industry, but there is still much work to do. The only way we can ensure a better functioning healthcare system is to create clear pricing. We need to base that pricing on consistently-defined and well-communicated healthcare service units.
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MedCity Influencers, Health Tech
How real-time benefit tools deliver meaningful savings
In a rapidly changing and expanding healthcare environment, the secure exchange of health information and price transparency enabled by real-time benefit tools is critical to improve patient safety, lower costs and ensure quality care.
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Hospitals, MedCity Influencers
5 actionable steps health care professionals can take right now to remove barriers, improve patient care
Removing barriers to care won’t be easy, and it won’t happen overnight, but by having a consumer-driven health mindset, we can make health care more equitable.
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Discover the Next-Gen Platform for Integrated Collaborative Care
Beyond EHRs and digital front doors, reducing the gaps in patient care journeys.
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Flawed design is why hospitals are not complying with price transparency rules
Experts believe CMS’ price transparency rule is flawed in its design because the highly complex billing data it is asking hospitals to post is too confusing for consumers to understand. The complicated structure of the healthcare system — from care variance to deductibles to billing codes — means that producing an accurate price estimate is virtually impossible. To improve compliance, hospitals will need health tech companies to step in.
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MedCity Influencers, Consumer / Employer, Health Tech, Payers
Why it’s time for hospitals to modernize their payment systems
By improving billing and payment systems, healthcare providers can help ease what is a common, anxiety-inducing burden for many patients.
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Hospitals, Consumer / Employer, Health Tech, Payers
Turquoise Health raises $20M to boost price transparency
Pulling back the curtain on healthcare pricing is easier said than done, acknowledged Chris Severn, the company’s co-founder and CEO. That’s exactly why the investment is so important.
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Healthcare’s dirty secret: cash pay can be more economical than paying with insurance
Solv Health launched ClearPrice that compiles data from more than 5,000 providers so consumers can evaluate the cost of various services before they are rendered and decide if they want to pay cash or use insurance.
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Hospitals, MedCity Influencers
Are we entering an age of full price transparency in healthcare?
While hospitals are slow to comply with the price transparency rules, full compliance will eventually mean hospitals provide “machine readable files” with thousands of lines of pricing data.
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Hospitals, MedCity Influencers
Preventing $2 million in fines – 3 things hospitals can do to ensure clarity in transparency
There are a few ways to make it easier on hospitals to accomplish price transparency and some common mistakes they can avoid so they don’t have to pay excessive fines.