OnDemand WTP Pricing Research

Tag: Health Services Pricing

Hospital Pricing Practices: Transparency And Clarity Are Lacking | Forbes

Hospital Pricing Practices: Transparency And Clarity Are Lacking | Forbes

The average price of a night in the hospital is six times higher in the U.S.than in Australia. Even when compared to similar multi-payer healthcare systems that have a dominant private component, such as Switzerland, hospital costs are still significantly higher in the U.S. Are higher hospital costs justifiable? Certainly, the typical fixed costs, such as amortization, […]

Ohio appeals over blocked health care transparency law | Dayton Daily News

Ohio appeals over blocked health care transparency law | Dayton Daily News

Hospitals and insurance companies typically agree to confidentiality clauses that prevent them from sharing the in-network prices they’ve negotiated, and while there are business reasons for confidentiality, it creates problems for patients wanting to understand their costs. “In the middle of all this is the consumer and the employer being penalized,” Campanella said. The law […]

Hospitals May Have To Report Prices Negotiated With The Insurers | TricksTrend

Hospitals May Have To Report Prices Negotiated With The Insurers | TricksTrend

As per some reliable sources, the Trump administration has proposed a rule where the hospitals need to publicize the negotiated prices with the insurers. The decision intends to promote price transparency and allows customers to benefit from healthcare services. The Director of outreach and public affairs quoted that it is a huge step towards true […]

India Just Slashed Prices For Nearly 400 Cancer Drugs | Care2 Causes

India Just Slashed Prices For Nearly 400 Cancer Drugs | Care2 Causes

India has introduced strong caps on cancer drug prices, in many cases slashing the drugs’ cost by as much as 87 percent. On March 8, India’s National Pharmaceutical Pricing Authority (NPPA) released a list of 390 medicines used in cancer treatment which the government is now bringing under a trade cap margin of 30 percent. This […]

Hospital price lists not a ‘silver bullet,’ but first step toward empowering patients | cleveland.com

Hospital price lists not a ‘silver bullet,’ but first step toward empowering patients | cleveland.com

CLEVELAND, Ohio – A recent requirement for more transparency in hospital pricing could be the first step in transforming the healthcare industry into a consumer-driven one, making shopping for a procedure more like buying a house or a car. Under new federal regulations, hospitals have to post a list of service prices, called chargemasters, on […]

San Antonio Hospitals’ Price Lists May Leave Consumers With More Questions Than Answers | Rivard Report

San Antonio Hospitals’ Price Lists May Leave Consumers With More Questions Than Answers | Rivard Report

You need your knee replaced and want to know how much it’s going to cost. Price information is out there, but deciphering it may not be easy. To comply with a new federal law, San Antonio hospitals have posted the prices for services and procedures for everything from a semi-private room to surgical screws to […]

On The Use Of List Prices In Drug Pricing Research | Health Affairs

On The Use Of List Prices In Drug Pricing Research | Health Affairs

In the January issue of Health Affairs, we examined to what extent rising drug prices are due to inflation in existing products versus the market entry of new more expensive drugs. Using list price data from First Databank, we found that rising brand name prices are mostly due to year-over-year increases in prices of existing […]

Letter to the Editor: Price transparency in health care | Delaware State News

Letter to the Editor: Price transparency in health care | Delaware State News

Price transparency in health care We applaud the current U.S. administration’s effort to make medical costs more transparent by requiring hospitals to publish their chargemaster list of prices. However, these list prices are not the discounted prices that hospitals receive from insurers, which are more accurate. Recently, the administration proposed requiring hospitals to make the […]

Metro Areas with High Healthcare Prices Have Lower Utilization | Rev Cycle Intelligence

Metro Areas with High Healthcare Prices Have Lower Utilization | Rev Cycle Intelligence

Metropolitan areas with higher healthcare prices had lower utilization of medical services and vice versa, the Health Care Cost Institute (HCCI) recently reported its latest analysis for the Health Marketplace Index series. Funded by the Robert Wood Johnson Foundation, the Healthy Marketplace Index project aims to understand the drivers of market-level variation in healthcare spending. […]

Health-Care Price Transparency a Smart Reform | National Review

Health-Care Price Transparency a Smart Reform | National Review

The Trump administration is considering a rule that would require doctors and hospitals to disclose the rates they negotiate with insurance companies, a step toward establishing something that is sorely wanting in the U.S. health-care market: prices. Milton Friedman famously described the four ways you can spend money. You can: 1. spend your own money […]