Over the years, the healthcare sector has received quite a bit of flak for its unwillingness, or inability, to share costs of services beforehand with their patients. The Health Care Price Transparency Bill that was recently passed by the Florida State Senate hopes to change this trend, therefore, giving patients the liberty to consider fee structures as one of the parameters for choosing a provider.
Many of us have had the misfortune of receiving an unexpected medical bill in the mail, at some point in our lives. Such an experience is not desirable, to say the very least. In the past, people did not have much of choice but to swallow the unpleasantness like a bitter pill. Today, the story has changed considerably. Patients are responsible for a significant chunk of the costs associated with their health care. Consequently, they are more alert about what shows up on the bills presented to them. They have more questions and are often unwilling to foot ‘surprise’ bills. In an effort towards eliminating the possibility of such ‘surprises’, the State of Florida passed a bill that imposes pre-service transparency obligations on healthcare entities of all kinds. It lays out some ground rules for facilities that will help promote price transparency. The most salient features of this bill are as follows:
It is vital for health care professionals and facilities to comprehend the nuances of this bill to avoid fines to the tune of $10,000 per day. Re-engineering processes to fit the requirements of this bill will also help practices become more patient-friendly and compliant.