BC Advantage - 2016 Issue 8

Consumerism in Healthcare Drives Price Transparency in your Practice: Three Tips to Deliver

Consumerism remains one of the biggest buzzwords in healthcare. The shift in the industry is strongly associated with the increase in patient responsibility for healthcare costs. Kaiser Family Foundation found that the amount a consumer must pay before a health plan covers any portion increased by 67% from 2010 to 2015. As a result, consumers are playing a more active role in their healthcare decisions, and providers must adjust to the changing tide to secure business and revenue.One of the most impactful changes in the burgeoning healthcare payments industry remains the fact that the healthcare payments used to...

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