Healthcare Price Transparency Market to Grow 55% by 2016

A recent study shows price transparency demand could bring healthcare providers increased revenue, according to a Healthcare Finance News report.

High-deductible health plans are driving consumers toward price transparency products and services, which will have a market worth of $3.09 billion by 2016. The market is currently valued at $540 million.

Other factors driving transparency include consumers making value-based care decisions, "sticker shock" from high deductible out-of-pocket costs and unclear bills causing frustration and medical debt.

More Articles on Coding, Billing and Collections:
CPT Requires Updated Codes for Thoracentesis Reporting
Top 5 States Receiving EHR Incentive Payments
CMS Updates Interpretive Guidelines on Advance Directives for Surgery Centers

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Featured Whitepapers

Featured Podcast