Here are the three key insights Mr. Tippets shared:
1. The St. George Surgical Center started making prices transparent on over 220 procedures in 2013 through posting prices on its website.
2.By making prices transparent and participating in bundled payments, Mr. Tippets said the St. George Surgical Center can treat patients who travel from out of state to undergo procedures at a lower cost than hospitals.
3. In his testimony, Mr. Tippets urged the senators to consider initiatives such as universally providing patients with quality information, price transparency adoption and encouraging insurers, Medicare and other payers to urge physicians to refer patients to lower cost settings.
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