26% of U.S. adults say they or a household member have had problems paying medical bills in the past year.
It is becoming easier for patients to determine their out-of-pocket costs prior to receiving care.
Hospitals with lower contracted rates for shoppable services are starting to advertise that they have lower out-of-pocket costs than their competitiors.
This situation is creating concern among CFOs that their higher contracted rates will drive patients to hospitals with lower rates.
Our RateAssist service can:
- provide you with your competitors' negotiated rates.
- determine which non-shoppable services' rates could be increased.
- calculate how much the non-shoppable rates need to be increased to offset the decreased reimbursement from lowering the rates for the shoppable services.
Utilizing RateAssist, you can avoid a decrease in reimbursement for shoppable services due to a decrease in volume and potentially increase reimbursement overall.
