Insights

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 min read

Access to Patients Hinges on Access to Your Prices

The public debate around healthcare price transparency came to a head when the Centers for Medicare and Medicaid (CMS) issued itsfinal rulefor hospita...

Written by

Claire Bevan

Published on

December 11, 2019

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Insights

The public debate around healthcare price transparency came to a head when the Centers for Medicare and Medicaid (CMS) issued its final rule for hospitals in November 2019. The rule will require hospitals to disclose all standard rates for care (including negotiated rates with payers) as well as surface 300 “shoppable” services by January 2021.

While reactions to the announcement have been mixed and public discussion continues (lawsuits have been filed), Cedar stands by the philosophy that what’s good for patients is ultimately good for providers.

The infographic below highlights the sizable gap between consumer expectations around transparency and the accessibility and accuracy of pricing information made available by providers. We believe that there is an opportunity for providers to narrow this gap and not only ensure compliance with the new rule, but leverage price transparency as a competitive advantage

Price_Transparency_infographic_blog-2-1080x3206.jpg

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See how Cedar connects the dots

01
Smiling woman with curly blonde hair using a smartphone and laptop.
Increase patient payments

with an empathetic, easy-to-understand billing experience.

02
Two overlapping translucent rounded rectangles, one pink and one purple, on a light green background.
Contain
cost-to-collect

with self-service solutions and fewer vendors to manage.

03
Drive patient
satisfaction

with transparent billing and flexible payment options.

04
Improve the staff experience

with agile, streamlined tools that mirror the patient’s view.