Empowering Patients Helps Improve Your Bottom Line
Price transparency is becoming increasingly more important as we usher in the new era of healthcare consumerism.
As members seek higher quality affordable care, many provider offices that have yet to embrace a price transparency policy may lose current or potential new patients. Cost-of-treatment conversations are often hampered, not for competitive or proprietary reasons, but because the provider’s office lacks the capacity to reflect the member’s specific benefits and plan negotiated price discounts. But when it comes to understanding what patients owe, providers can no longer afford to be uninformed.
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