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Tag: Pricing Analytics

Five Questions About Price Transparency [Video] | AAF

Five Questions About Price Transparency [Video] | AAF

This week, Christopher Holt explains in a brief video the intention behind encouraging price transparency in health care — as well as the challenges that come with such transparency. CHART REVIEW Tara O’Neill Hayes, Deputy Director of Health Care Policy Congress is considering reforms to the Medicare Part D benefit structure, including potentially changing the […]

Trump administration preparing drug price executive order | CNBC

Trump administration preparing drug price executive order | CNBC

President Donald Trump said Friday he’s preparing an executive order declaring a “favored nations clause” for drug prices, where the U.S. will pay no more than the country with the lowest prescription drug prices. “As you know for years and years other nations pay less for drugs than we do,” Trump told reporters on the […]

New State Law Aiming To Lower Prescription Drug Prices Takes Effect | CBS Baltimore

New State Law Aiming To Lower Prescription Drug Prices Takes Effect | CBS Baltimore

BALTIMORE (WJZ) — A state law taking effect in Maryland Monday will take on large pharmaceutical companies by creating a prescription drug affordability board tasked with tackling rising prescription costs. Board members will be fighting to make prescription drugs more affordable in the state, including putting a cap on prices for some medications. The law […]

How Can Providers Support Meaningful Price Transparency for Consumers? | HIT

How Can Providers Support Meaningful Price Transparency for Consumers? | HIT

So, where does consumerism intersect price with transparency? The short answer is “everywhere” and the longer answer shows that most patients remain “passive” consumers of healthcare, especially when the patient is an established and frequent user of services.3 When we think about how this impacts overage consumption of care, patients who have a level of […]

Revenue Leakage: 3 Methods to Revive your Charge Integrity Program | HIT Consultant

Revenue Leakage: 3 Methods to Revive your Charge Integrity Program | HIT Consultant

Certain practices can help ensure that health care providers realize the full benefits of a robust charge integrity program to safeguard compliance and to optimize results. Three proven methods exist to build a successful charge integrity program: 1. Conduct Routine Audits The first step is to evaluate where your current charge integrity program stands. Comprehensive […]

AARP Says Specialty Drug Prices Continue 12-Year Surge | Sierra Sun Times

AARP Says Specialty Drug Prices Continue 12-Year Surge | Sierra Sun Times

June 25, 2019 – WASHINGTON—The prices of widely used specialty prescription drugs grew more than three times faster than general inflation in 2017, according to a new AARP Public Policy Institute report released yesterday. The new report found that the average annual price for a single specialty drug used on a chronic basis is now nearly $79,000, […]

Trump Executive Order Aims for More Hospital Pricing Transparency | The Daily Signal

Trump Executive Order Aims for More Hospital Pricing Transparency | The Daily Signal

President Donald Trump signed an executive order Monday that he said would “fundamentally” change the health care market by requiring hospitals to disclose in an easy-to-read format what patients pay out of pocket for services. The order, which the Department of Health and Human Services will implement, is designed to improve consumer incentives to shop […]

White House vets foreign drug pricing idea; Trump creates Right to Try confusion | S&P Global Market Intelligence

White House vets foreign drug pricing idea; Trump creates Right to Try confusion | S&P Global Market Intelligence

Health and Human Services has sent its proposal to test an international drug pricing index model to the White House Office of Management and Budget for review, signaling the administration is serious about pursuing the idea. The administration in October 2018 initially issued an advance notice of proposed rulemaking — a bureaucratic mechanism used to […]

Remarks by President Trump at Signing of Executive Order on Improving Price and Quality Transparency in American Healthcare to Put Patients First | The White House

Remarks by President Trump at Signing of Executive Order on Improving Price and Quality Transparency in American Healthcare to Put Patients First | The White House

THE PRESIDENT:  Thank you very much.  (Applause.)  Thank you.  Thank you.  Wow.  (Applause.)  Wow.  That’s very nice.  Thank you very much everybody.  Wow.  We must be doing something right lately.  (Laughter.)  That’s very nice.  I appreciate it very much.  And welcome to the White House.  Great place.  No place like it, actually. We’re here to […]

Merck CEO sees legal challenge if U.S. adopts drug pricing based on other countries | Reuters

Merck CEO sees legal challenge if U.S. adopts drug pricing based on other countries | Reuters

NEW YORK (Reuters) – Merck & Co Chief Executive Ken Frazier said on Thursday a rule to base the price the U.S. government pays for some prescription drugs in it Medicare program on lower prices in other countries would face legal challenges if adopted. FILE PHOTO: Ken Frazier, Chairman and CEO, Merck & Co., speaks […]