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Improve Payor Negotiation Power

Improve Payor Negotiation Power

Amitech solutions
Pages 4 Pages

Why do we care about price transparency? Unlike nearly every other industry, healthcare consumers often don’t know in advance what price they will pay for a hospital visit or a procedure, let alone if there are less expensive options available to them. There is no restaurant-style “menu” that guides them beforehand – just a “bill” at the end to show what they owe for services rendered. Transparency Data Beginning Jan. 1, 2021, the federal government has required hospitals to publish not only their list prices, but negotiated payment rates for the items.

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