{"id":11705,"date":"2015-08-05T17:04:13","date_gmt":"2015-08-05T21:04:13","guid":{"rendered":"http:\/\/www.poweryourpractice.com\/?p=11705"},"modified":"2025-06-25T17:17:22","modified_gmt":"2025-06-25T17:17:22","slug":"how-much-will-that-cost-more-patients-checking-healthcare-prices-up-front","status":"publish","type":"post","link":"https:\/\/carecloud.com\/continuum\/how-much-will-that-cost-more-patients-checking-healthcare-prices-up-front\/","title":{"rendered":"How Much Will That Cost? More Patients Checking Healthcare Prices Up Front"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>When deciding whether or not to make a purchase in a store or online, knowing the price in advance is important for most people (I know a family with their own private jet, and I\u2019m not including them here).<\/p>\n<p>For the rest of us, buying airplane tickets, a new tablet or a car typically involves research on what it\u2019s going to cost.<\/p>\n<p>But what about healthcare? Most people do not know how much a physician visit, new medication or stay in the hospital will cost until after the fact.<\/p>\n<p>That\u2019s expected to change.<\/p>\n<p><!--more--><\/p>\n<p>Consumer-driven healthcare is empowering more patients, especially those with high-deductible health plans. They\u2019re going to want to control their medical expenses. This means, going forward, fewer people will likely just wait for the surprise charges when they receive an EOB or medical bill.<\/p>\n<p><strong>Tackling Cost Complexity<\/strong><\/p>\n<p>Just like it\u2019s a good to know what medical information most patients search for online \u2013 because they to come to you with questions \u2013 it\u2019s also good to know what they\u2019re reading about cost of care. For example, the Healthcare Financial Management Association\u2019s just issued a report \u201c<a href=\"https:\/\/www.hfma.org\/consumerguide\/\"><strong>Understanding Healthcare Prices: A Consumer Guide<\/strong><\/a>\u201d that aims to reduce a lot of the cost complexity for patients.<\/p>\n<p>Highlights include:<\/p>\n<p>* Questions to ask your doctor before elective surgery<br \/>\n* Advice on how to get a cost estimate in advance<br \/>\n* Follow-up questions to ask when a medical bill comes in higher than the estimate<\/p>\n<p>The panel of consumers, hospital executives and industry experts who wrote the report also explain the differences between in-network and out-of-network provider care; information sources for Medicare beneficiaries; and make recommendations for patients without health coverage.<\/p>\n<p><strong>Clearer Prices<\/strong><\/p>\n<p>Greater <a href=\"http:\/\/wlrn.org\/post\/troubles-negotiating-health-care-pricing-dark\"><strong>price transparency<\/strong><\/a> is likely another result of the empowered patient movement, but it might not be easy. During a local NPR radio report, a hospital CEO in South Florida promised to reveal the contracted prices negotiated for many services with major health insurers. He later had to <strong><a href=\"http:\/\/wlrn.org\/post\/mt-sinai-ceos-broken-transparency-promise\">retract the offer<\/a><\/strong>.<\/p>\n<p>For price transparency to work, patients need to show it makes a difference in where they go for healthcare. Physicians, insurers and hospitals also have to do their part. Price information will be meaningful to patients when they can use it to make a fair comparison, the HFMA states.<\/p>\n<p>Patients might ask you for:<\/p>\n<p>* Total price of care<br \/>\n* What\u2019s included in your estimate<br \/>\n* What\u2019s not included, and why<\/p>\n<p><strong>Quality Matters Too<\/strong><\/p>\n<p>The report also emphasizes that it\u2019s not all about price \u2014 quality of healthcare matters too. Specific advice includes recognizing that prices and quality can vary depending on where care is provided; that more expensive care does not always mean better care; and that \u201cshopping around\u201d can be worthwhile whenever possible.<\/p>\n<p>How do you answer patient questions about the cost of a future service or procedure?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; When deciding whether or not to make a purchase in a store or online, knowing the price in advance is important for most people (I know a family with their own private jet, and I\u2019m not including them here). For the rest of us, buying airplane tickets, a new tablet or a car typically [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8],"tags":[5,6,7],"class_list":["post-11705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-growth","category-trends","tag-consumer-driven-healthcare","tag-hfma","tag-price-transparency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>More Patients Checking Healthcare Prices Up Front<\/title>\n<meta name=\"description\" content=\"Even though a hospital CEO had to break his promise on cost transparency, more and more patients want to know healthcare prices up front.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/carecloud.com\/continuum\/how-much-will-that-cost-more-patients-checking-healthcare-prices-up-front\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More Patients Checking Healthcare Prices Up Front\" \/>\n<meta property=\"og:description\" content=\"Even though a hospital CEO had to break his promise on cost transparency, more and more patients want to know healthcare prices up front.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/carecloud.com\/continuum\/how-much-will-that-cost-more-patients-checking-healthcare-prices-up-front\/\" \/>\n<meta property=\"og:site_name\" content=\"Continuum\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-05T21:04:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-25T17:17:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/carecloud.com\/continuum\/wp-content\/uploads\/2015\/10\/dummy-5-paigl6zusafxfmk55j3mhrce0nfw5zrnw9chmopqcs.png\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"cc_continuum\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cc_continuum\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/how-much-will-that-cost-more-patients-checking-healthcare-prices-up-front\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/how-much-will-that-cost-more-patients-checking-healthcare-prices-up-front\\\/\"},\"author\":{\"name\":\"cc_continuum\",\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/#\\\/schema\\\/person\\\/6af17e75a684cc5cd23741e014351348\"},\"headline\":\"How Much Will That Cost? 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