In today’s pain points of patients let’s talk healthcare costs. Recently John Hopkins hospital did a study on cost and physician ordering behavior. They posted costs for 61 lab tests at the time of physician ordering. What they found was the number of lab tests per patient went down by 9% when the lab price was known prior to ordering. The tests also went from more expensive tests to less expensive tests. Patient outcomes did not change and there was no impact on physician pay whether they ordered the more expensive test or the less expensive test.
Overall, what did this show? Price transparency enables a more thoughtful approach to healthcare. Here at SALTA, we have the same philosophy, high-quality, transparent health care.
Cost transparency can lower your healthcare spend too.