Patients’ Views on Price Shopping and Price Transparency
Published by the American Journal of Managed Care
Health Care News reported in the September 2017 issue.
Patients who say they like the idea of shopping around for providers offering care at the best price tend not to do so, a study published by the American Journal of Managed Care has found.
More than 60 online price transparency tools exist to help patients shop for the best value in health care, but relatively few patients use them or even know about them.
“We found a disconnect between respondents’ general enthusiasm for price shopping and their reported use of a price transparency tool,” write the authors of “Patients’ Views on Price Shopping and Price Transparency,” published in June. “Respondents cited many barriers to using price information when choosing care, including the salience of the idea of price shopping for care and other factors, such as provider loyalty, that were more important than price.”
Read the full report.
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