Healthy Bottom Line: Why More Price Transparency Is Needed to Address Healthcare Cost Concerns

Joe Polaris, senior vice president of product and technology at R1 RCM, discussed how price transparency can increase hospital revenues and address patient concerns regarding exorbitant healthcare costs as well as the impact that CMS’ new price transparency rule could have on hospitals.

In this episode of Healthy Bottom Line, we spoke with Joe Polaris, senior vice president of product and technology at R1 RCM, a revenue cycle management company providing technology-based solutions to improve the patient experience and the financial performance of healthcare organizations. We discussed the effect that concerns over healthcare costs can have on patients’ willingness to seek out care and how price transparency can help. We also talked about CMS’ recent hospital price transparency rule as well as other avenues health systems can take to address cost concerns.