Tag: pricing transparency

Study: Less than half of hospitals, health systems are pursuing customer-friendly billing statements | Becker’s Hospital Review

Study: Less than half of hospitals, health systems are pursuing customer-friendly billing statements | Becker’s Hospital Review

While hospitals and health systems are focusing more on patient-focused initiatives, they have room for improvement in various key areas related to consumerism, particularly pricing strategy and price transparency, according to a new report by Kaufman Hall. The report includes results from a 2018 survey of more than 200 U.S. hospitals and health systems. The […]

Under new policy, DoD to reimagine cost, pricing data requirements for contractors | FederalNewsRadio.com

Under new policy, DoD to reimagine cost, pricing data requirements for contractors | FederalNewsRadio.com

In effort to reduce the time it takes procure major weapons systems, the Pentagon says it wants to change the way both the department and industry think about cost and pricing data. Under a new policy the Pentagon is planning to release in the coming days, defense contracting officers will negotiate options for a two-year […]

SaaS Pricing Strategy: Who’s your Hero? Who’s your Decoy? | CMO-as-a-Service

SaaS Pricing Strategy: Who’s your Hero? Who’s your Decoy? | CMO-as-a-Service

Pricing a SaaS Service is not very different from anything other Software Pricing Strategy. While you want to keep renewal friction at a minimum, all other “rules” of pricing psychology still apply. While most companies out there have intuitively embraced the ‘rule of 3’, I often encounter teams who don’t really know where this rule […]

Whistleblower files lawsuit against CVS Caremark for falsifying drug prices | wkyc.com

Whistleblower files lawsuit against CVS Caremark for falsifying drug prices | wkyc.com

In fact, we announced in March (https://cvshealth.com/newsroom/press-releases/cvs-health-kept-drug-price-growth-nearly-flat-and-improved-medication) that in 2017, we kept drug price growth nearly flat for our PBM clients, despite manufacturer price inflation near 10 percent. Annual out-of-pocket costs for PBM members also declined, with three out of four members spending less than $100 out of pocket for their prescriptions, and nearly 90 […]

State Policies to Address Prescription Drug Prices | Center for American Progress

State Policies to Address Prescription Drug Prices | Center for American Progress

Over the past few years, high and rising prescription drug prices have generated significant controversy. Large, bipartisan majorities of the public support increased government action to reduce drug prices.1 However, little action has been taken at the federal level to reduce prices. Despite President Donald Trump’s repeated promises during the campaign to crack down on […]

Prices that insurers pay can help end hospital price gouging | TheHill

Prices that insurers pay can help end hospital price gouging | TheHill

Last month the Texas Supreme Court decided In Re Cypress Medical Center, a case focused on whether the payments hospitals receive for insured patients are relevant to determining the price an uninsured or out-of-network patient must pay. The question of how to measure the reasonable and customary value of health care services is being raised […]

Delhi govt likely to put a cap on hospital profits this week | Times of India

Delhi govt likely to put a cap on hospital profits this week | Times of India

TOI has reported on revelations by the National Pharmaceutical Pricing Authority (NPPA) that hospitals have been found to be charging 1,000-1,700% margin on medicines and consumables. Compared to that, a 50% profit recommendation does seem like a huge reduction. However, it is unclear what the government means by manufacturing cost of a drug, as there […]

Patients may soon be able to ‘price shop’ hospitals because of new federal requirement | journalnow.com

Patients may soon be able to ‘price shop’ hospitals because of new federal requirement | journalnow.com

Hospitals will have to post a list of standard medical charges on their websites by Oct. 1, the result of a mandate issued by Medicare last week. The move, ordered by the U.S. Centers for Medicare & Medicaid Services, continues efforts to allow patients to compare online the prices of hospital services. The challenge, as […]

Colorado bill relies on transparency to lower health care prices, critics say it might not work | Denver Post

Colorado bill relies on transparency to lower health care prices, critics say it might not work | Denver Post

Let’s say you need a colonoscopy. (Sorry about that.) And let’s also say you know there’s one hospital in Colorado that quotes a price of more than $5,000 for the procedure and several that quote a price of around $1,500 and a couple more that come in with prices under $1,000. Would you choose to […]

Why a ‘zero discount’ energy bill could be your cheapest option | The Sydney Morning Herald

Why a ‘zero discount’ energy bill could be your cheapest option | The Sydney Morning Herald

Bill shock has become a common occurrence in the past two years as high electricity prices have slapped consumers with expensive power bills. Electricity retailers reacted by offering larger and larger discounts to drive prices down in order to attract customers away from other retailers. But, as the Australian Competition and Consumer Commission pointed out […]