New law in Illinois promotes price transparency

Under a new law in Illinois, physicians who use outside pathologists or laboratories for anatomic pathology services are required to disclose the actual amount charged for the service to patients.

Advertisement

Effective Jan. 1, 2015, Illinois S.B. 1630, sponsored by Sen. William Haine (D-Alton) and Rep. Sara Feigenholtz (D-Chicago), improves price transparency and includes legal protections against markup charges for anatomic pathology services.

“Under this new Illinois law our patients are protected from inflated healthcare costs,” said Robert DeCresce, MD, president of the Illinois Society of Pathologists, in a news release. “Further, the law will shield patients from higher medical bills and reduce overall healthcare costs.”

More articles on price transparency:

Vitals acquires Compass to build search engine for physicians by price 
The new out-of-pocket reality: 3 things consumers want fixed yesterday
If you don’t want pricing transparency, start reading now 

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

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.