Tommy G. Thompson: advocating price transparency

In an interview, Tommy G. Thompson, chairman of the Deloitte Center for Health Solutions, talked about price transparency. Basically, price transparency gives consumers, payers, and providers the opportunity to see what a particular healthcare service costs, what the quality is, and what the capabil...

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Bibliographic Details
Published inHealthcare Financial Management Vol. 61; no. 5; pp. 30 - 33
Main Author Thompson, Tommy G
Format Journal Article Trade Publication Article
LanguageEnglish
Published United States Healthcare Financial Management Association 01.05.2007
Subjects
Administrative agencies
Awards & honors
Community Participation
Consumer education
Consumers
Disclosure
Fees and Charges
Government agencies
Governors
Health care expenditures
Hospitals
Information Dissemination
Insurance companies
Interoperability
Medicare
Nursing homes
Officials and employees
Price stabilization
Pricing policies
Thompson, Tommy G
United States
Websites
United States
United States > US
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Summary:In an interview, Tommy G. Thompson, chairman of the Deloitte Center for Health Solutions, talked about price transparency. Basically, price transparency gives consumers, payers, and providers the opportunity to see what a particular healthcare service costs, what the quality is, and what the capabilities are. It gives consumers the opportunity to get the information necessary to make the right decision. One of the neatest and most innovative ways is through the consumer Web page. He predicts that overwhelmingly other hospitals are going to follow Alegent Health's lead and put their price and quality information on their Web sites, and then consumers are going to be able to start making comparisons. The pressure is building, and the ultimate conclusion is that people are going to have this comparison, and this is going to have a tremendous impact on price stabilization or even price reduction in health care.
ISSN:0735-0732
0735-0732