31: What the price transparency ruling means for providers
In recent years, there has been a push for more transparency in healthcare around the prices patients pay to receive care. In this episode, Rachel (Rae) Woods sits down with finance expert, Robin Brand, to talk about why hospital leaders are opposed to price transparency, how they can begin to think about price transparency, and a focus on patient financial experience is so important.
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Show Notes
CMS has been pushing providers on price transparency for years, but hospital leaders have been opposed to this kind of transparency. Recently, the U.S. District Court for the District of Columbia rejected a lawsuit filed by a coalition of hospital groups arguing that a rule CMS finalized last year that will require hospitals to publish the prices they negotiate with insures is unlawful. Host Rachel (Rae) Woods sits down with finance expert, Robin Brand, to talk about what this ruling means for providers and how hospitals can start to focus efforts around price transparency and the entire patient financial journey.