Bundled vs Unbundled Pricing

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Bundled vs Unbundled Pricing With the rising substantial costs of healthcare services today, the movement towards transparency in healthcare pricing is likely imminent. I do believe that the unbundling of healthcare pricing will afford individuals the ability to make more informed decisions regarding various medical services provided and how much they are willing to pay for these services. The transparency of prices will help dispel any misconceptions by consumers that high cost equates to superior or high quality care. Price transparency will drive healthcare facilities to deliver medical services comparable to their competitors, thus forcing them to reduce costs and remove waste. Consumers have the ability to question why hospital A demands more for identical medical services than hospital B. Hospitals will have to respond and be accountable for the differences in cost. Consumers will have the ability to visualize the itemization of the proposed services and eliminate those services that are either unnecessary or not desired. Thus, in essence, customizing their healthcare needs. I believe that price transparency would be significant in the choice of providers for consumers if consumers could accurately understand medical billing and the national average of the associated costs. By comparing patient outcomes, services offered, and patient satisfaction of two or more competitive healthcare facilities, the deciding factor would be the differences in costs. As a patient, I would prefer a provider based on how they charge for services. I want to know that my physician is providing high quality care for the best price available to me. I would want to know that I am not being charged inflated prices or for unnecessary services as a means of financial gain for the facility. If a healthcare facility had the ability to provide its clientele

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