Patients, practice, and price transparency: The impact of disclosing healthcare costs on consumer decision-making
- PMID: 38211396
- DOI: 10.1016/j.clinimag.2023.110064
Patients, practice, and price transparency: The impact of disclosing healthcare costs on consumer decision-making
Abstract
The introduction of price transparency mandates by the Center for Medicare and Medicaid Services (CMS) aimed to reduce healthcare spending by promoting price comparison and the selection of lower-cost providers. In this brief communication, we will discuss how consumer interests in price comparison are influenced and how price transparency is expected to impact consumer decision-making with specific examples for imaging as a shoppable service.
Keywords: Decision making; Imaging; Price transparency.
Copyright © 2023 The Authors. Published by Elsevier Inc. All rights reserved.
Conflict of interest statement
Declaration of competing interest G. Sadigh receives honorarium from the Journal of the American College of Radiology in her role as Associate Editor. G Sadigh receives research support from NIH/NCI. N Nourmohammadi has no conflicts of interest to declare.
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