The video outlined 10 steps it claims hospitals and health systems take to improve their bottom lines at the expense of consumers:
- Take the matter out of consumers’ hands
- Let third parties control cost negotiation and care delivery.
- Convince consumers that insurers can spend money more effectively than consumers.
- Make the pricing structure overly complicated.
- Inflate retail prices to convince consumers insurers are getting them a deal.
- Keep prices hidden.
- Only provide price after services are rendered.
- Send consumers to collections if bills are unpaid.
- Obstruct potential legislation that might disrupt the system.
- Avoid paying taxes by declaring nonprofit status.
More articles on healthcare finance:
California dialysis initiative prompts hundreds of millions in spending
Ballot measures in 2 California cities take aim at healthcare costs
Mississippi hospital ends ER fee for nonemergencies
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.