Since January 2021 for U.S. healthcare providers and January 2022 for payers, price transparency rules have been in effect. However, health systems and plans still struggle to comply with these rules. According to experts from CitiusTech, this hesitancy stems from the complexity of the rules and the significant changes that adopting transparency would require for health systems and payers’ operating procedures. However, adoption can also yield significant benefits through analyzing pricing data. Using a well-established cloud service provider like Amazon Web Services can help healthcare organizations and payers manage this complexity and achieve full compliance.
Learn how analyzing price data can help healthcare organizations:
- Better educate patients and members so they can make more informed decisions about their care
- Improve operational efficiency and discover new cost savings
- Identify patients in need of financial assistance and refine outreach efforts for specific patient populations
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