It Costs How Much?

It Costs How Much?

Michael H. Kennedy Journal of Case Studies
May 01, 2015
SKU: BUS-00592

Topic: Strategy & General Management
Page length: 5
Keywords: Healthcare finance, price transparency, informed consent
Price: $4.00 | €0.00
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Patrick Kelly’s receipt of the Explanation of Benefits for his colonoscopy served as the catalyst for recollections of his interactions with providers and staff members in preparation for and after his procedure. Some of these recollections raised legitimate concerns about informed consent and price transparency. A review of the Explanation of Benefits reminded the Patrick that even an attempt to explain prices for procedures and services after they have been billed may be difficult to understand. Determining the true cost was further complicated when coordination of benefits was necessary because of coverage by a second insurer.