Practices that want to increase their revenue efficiency might want to look into patient collection trends that offer opportunities above and beyond the usual belt-tightening expense controls, according to an article in Medical Economics.
Health insurers in Virginia want to require more pricing transparency from the pharmaceutical industry, but drug companies are pushing back by saying this could be the first step toward government-related price controls that would stifle future innovations, according to an Associated Press article.
A new study reveals that the conventional wisdom about healthcare spending may be wrong, as areas of the country that spend less on Medicare do not necessarily have lower overall healthcare costs.
For several years now, rising out-of-pocket health costs have caused some p atients to forego needed care. A recent stu dy from the Commonwealth Fund confirms that not only are patients cutting back on care due to cost, but also their misunders tanding of insurance coverage leads many to forego preventive care unnecessarily.
If the average patient's ability to understand medical information is poor, the U.S. public's comprehension of the current healthcare/insurance system is in dire need of improvement.
Patients have a difficult time overruling their doctors when they believe a procedure is unnecessary or potentially harmful, according to Politico.
The outsized cost of healthcare delivery in the U.S. may finally affect individual providers' treatment decisions, according to the New York Times.
As of Jan. 1, providing patients who ask with cost estimates is no longer a recommendation but a requirement for health providers in Massachusetts. As part of Chapter 224, a major cost-containment law passed in August 2012, physician practices and hospitals have just two working days to respond to patient requests for cost information.
Under a first-of-its-kind law implemented in Massachusetts in October, insurers must give consumers prices for certain services within two working days so consumers can comparison shop for medical procedures
Imagine this scenario: Your car died and isn't worth repairing, so you go to a car dealership to buy a new one. The salesman offers you a shiny red car that fits your needs, so you agree to buy...