Laboratories need new solutions that enable consumer choice by:
Across the healthcare industry there’s movement towards greater cost transparency. Patients want to understand what they’ll be paying for services, including laboratory testing.
The market has been moving in this direction for years, and now new regulations like the “No Surprises Act” will accelerate the shift. These market shifts offer both challenges and opportunities for the laboratory industry.
The benefits of implementing new tools aren’t just for patients. By meeting the patient earlier in the revenue cycle, laboratories can:
On January 1, 2022, the US Department of Health and Human Services will begin implementing the “No Surprises Act.“ This legislation aims to reduce the surprise bills patients receive for out-of-network and emergency care. Its first phases will primarily affect health plans and hospitals, providing patients with good faith estimates for out-of-pocket costs, requiring consent for out-of-network services, and protecting people from surprise bills.
Healthcare providers are under constant pressure to increase workflow efficiencies and overall patient care. ...