Oregon hospitals launch new price transparency initiative

The Oregon Association of Hospitals and Health Systems announced this week that it has developed a new price transparency initiative.

This initiative has three key elements, which center on providing consumers with pricing details prior to their visit to a hospital for a procedure, according to a news release. The elements include legislation (Senate Bill 900) calling for a new state-run website displaying median prices paid for procedures at hospitals; tools hospitals may use to provide good-faith estimates to self-pay and out-of-network patients; and a pledge to work with insurers to help insured patients understand their out-of-pocket expenses.

"We want to make sure that hospitals' pricing data is accessible and easy to find," Andy Davidson, president and CEO of the Oregon Association of Hospitals and Health Systems, said in the release. "We know that our patients want more healthcare pricing information and with this initiative, Oregonians will be able to find the data on hospital prices that will help their decision making."

 

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