The study was designed to determine whether or not an employer-sponsored price transparency platform could lower claims payment for laboratory tests, imaging services and clinician office visits. The study authors compared payments between patients who utilized the price transparency platform and those who did not.
The researchers found patients paid an average of $3.45 less for lab tests, $124.74 less for imaging services and $1.18 less for office visits, according to the report.
The authors concluded that price transparency, if supported by lasting patient utilization, could lead to significant savings.
More articles on coding and billing:
6 things to know about medical coder career earning potential
2 tips for ENT coding & billing
2 in-house tips for improving revenue
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.
