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Rethinking training and education for the future of medicine at SNMMI Discussing innovations and efforts of SNMMI Technologist Section

NY DOH gives green light for HealthAlliance $93 million hospital expansion Will host new centers and a new imaging department

AMA issues recommendations for accountability of AI in healthcare Aid in advancing quadruple aim

Radiologist hit with $11.5 million malpractice verdict Found negligent for missing enlarged heart diagnosis in 2009

Bill aiming to reduce prior authorization delays for cancer treatment introduced in Congress Supporting timely access to care

Kansas cardiologist and practice pay $5.8 million to settle false billing claims Will also be excluded from federal health programs for three years

SEC probes Siemens, GE and Philips over business with China Lawsuit alleges OEMs worked together to fix prices on medical equipment

HealthTrust in deal to acquire ROi Will become sole national GPO for Mercy Catholic

Cancer mortality for men, women and children on the decline, says report Decreased by 1.8 percent in men and 1.4 percent in women

Enhancing the patient experience with Medicare Advantage plans that embrace coordinated care Aligning financial incentives in the name of better care

Now hospitals must post prices online, how is that working out?

par Thomas Dworetzky , Contributing Reporter
On January 1, 2019, hospitals were required to post prices online, in the name of full disclosure, and so that the “healthcare consumer,” aka patients, could shop around for the best deals. The list posted by institutions is called a “chargemaster.”

But there is a rub with such a list. “I don't think it's very helpful,” Gerard Anderson, director of the Johns Hopkins Center for Hospital Finance and Management, told CNN recently. “There are about 30,000 different items on a chargemaster file. As a patient, you don't know which ones you will use.”

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Special-Pricing Available on Medical Displays, Patient Monitors, Recorders, Printers, Media, Ultrasound Machines, and Cameras.This includes Top Brands such as SONY, BARCO, NDS, NEC, LG, EDAN, EIZO, ELO, FSN, PANASONIC, MITSUBISHI, OLYMPUS, & WIDE.



The lists are part of a push by the Trump administration to reform healthcare. In a speech in July, 2018, CMS Administrator Seema Verma laid out its goals as follows:

“This administration is guided by four pillars; empowering patients, increasing competition, realigning incentives, and reducing barriers to value-driven care. As we transition to a system that delivers value to patients, we must start at the basic level of the interaction that a patient experiences when walking into a doctor’s office. We must cater to the needs of the patient, not providers.

“Our goal is to activate the most powerful force in our healthcare system for creating value: the patient.

“We will transform the individual patient into a consumer of healthcare – one that is empowered to shop for the provider that delivers the best care at the lowest price. As the American patient is seeking care, they will seek providers that deliver innovative, transformative care, those that leverage the technological efficiencies that we have seen from other industries. But in order for patients to become consumers of healthcare they must have transparency in pricing and in outcomes, so that they can shop for quality and value.”

Unfortunately, now that hospitals have posted prices, the result appears to be less transparent than hoped for.

A recent New York Times article shared a number of examples of the results of this public price-posting policy.

“Vanderbilt University Medical Center, responding to a new Trump administration order to begin posting all hospital prices, listed a charge of $42,569 for a cardiology procedure described as HC PTC CLOS PAT DUCT ART.

“Baptist Health in Miami helpfully told consumers that an “Embolza Protect 5.5” would cost them $9,818 while a “Visceral selective angio rad” runs a mere $5,538.”
  Pages: 1 - 2 - 3 >>

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