Transparent pricing in healthcare 1.docx - Running Head INFOGRAPHIC ON TRANSPARENT PRICING Transparent pricing in healthcare Students Name Institution

Transparent pricing in healthcare 1.docx - Running Head...

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Running Head: INFOGRAPHIC ON TRANSPARENT PRICING 1 Transparent pricing in healthcare Student’s Name Institution Affiliations Date of Submission
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INFOGRAPHIC ON TRANSPARENT PRICING 2 Healthcare pricing transparency is one of the laudable concepts in the health sector. Higher health care spending has been contributed majorly to lack of price transparency and price variation. Many hospitals have become price-competitive on specific medical procedures or services. Even with the increased costs, it does not necessarily mean that healthcare providers can deliver a better-quality care. This information can be better placed in an infographic. Stakeholders and policymakers require more information about prices that healthcare providers so as to set this issue of unnecessary healthcare price fluctuations (Peters, 2007). Another problem is that consumers have a lot difficult to find information that they can use to compare providers by quality and price. If this information is availed, then customers will be compare costs and anticipate their expenses as well as choosing providers of high-value. This article remarkably comprehensive an infographic addressing the causes of varied prices in health care service and advocacy measures that can be undertaken to address the problem. This topic helps consumers to understand why pricing transparency has been difficult to achieve. The infographics integrate explicit pictures of key contributors to this issue.
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