Using price transparency data from over 2,000 hospitals, researchers compared cash prices, negotiated rates and chargemaster prices for 70 services.
The study found the cash price for the same procedure in the same setting was lower than the median negotiated rate 47 percent of the time.
Evaluation and management services were most likely to have lower cash prices, with 55 percent of services costing less than negotiated rates.
Nonprofit and government-owned hospitals were more likely to have lower cash prices than negotiated rates. Hospitals outside of urban areas, or in counties with high uninsurance rates or low median household incomes, were also more likely to offer lower cash prices than negotiated rates.
The study was authored by researchers at Johns Hopkins University in Baltimore.
Read the full study here.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
