Here are five thoughts:
1. St. George Surgical Center started posting its prices online in 2014.
2. The prices that the surgery center posts are only applicable if consumers pay cash upfront.
3. However, the surgery center notes those prices are often much less than the standard cost. One patient told KSL.com, “When I found out about St. George Surgical Center, where it is one stop surgery, they have complete facilities up there, and it is cash and it is a fraction of the cost.”
4. Because the ASC receives cash directly from patients, they do not need to bill insurance or patients who may not follow through with payments.
5. Through its price transparency initiative, the surgery center hopes to provide care for both medical tourists and people seeking affordable care.
More articles on coding & billing:
After conversation with VP-elect Pence, SD governor ends Medicaid expansion plans: 4 key notes
Humana gives provider groups $93.6M in quality payments
Contending with the ACA in 2017: Q&A with SyncStream Solutions CIO Arthur Tacchino
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.