Physicians Onboard with Pricing Transparency Trend | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Physicians Onboard with Pricing Transparency Trend

September 3, 2014
by Gabriel Perna
| Reprints

A survey of physicians reveals that they back a move toward greater transparency in healthcare, specifically pricing and payment data being made public.

The American College of Physician Executives (ACPE) surveyed 630 physicians and 54 percent of respondents said that increasing transparency will improve the physician-patient relationship. Comparatively, only 22 percent think it will damage the physician-patient relationship and 24 percent say it won’t have an impact.

“The health care industry is bleeding the country dry,” Bruce Bender, M.D., a physician respondent wrote to ACPE. “If costs are to be reduced by a third, we need to know where the real corruption and waste lie, and physicians need to be at the forefront of fixing it. The more we resist the more we are part of the problem.”

Those against the transparency were worried that the pricing data would be hard to decipher without context.

Transparency in healthcare has gained a significant amount of momentum in the last few years. The Department of Health and Human Services (HHS) has released Medicare hospital charge data by the Centers for Medicare & Medicaid Services (CMS) in the past two years. Other healthcare organizations have similarly have made pricing transparency a priority.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More



KLAS Research: Small Hospitals’ Buying Decisions Impacting EMR Market Share

A new KLAS Research report tracks shifts in electronic medical record (EMR) vendor market share among acute care hospitals, and finds that smaller hospitals are seeking technology solutions that meet their needs and limited budgets, and these contracts are making a mark on the EMR market.

Survey: Majority of Providers Predict Success for New Generic Drug Company, Project Rx

Back in January, four health systems, in consultation with the VA, announced a collaboration to develop a new, not-for-profit generic drug company. A survey has found that 90 percent of providers say they would become customers of the new venture.

Personalized Medicine Awareness Low Among U.S. Adults, Survey Finds

Genetics and personalized medicine are not top of mind for the general public in the U.S., according to a recent survey from GenomeWeb and the Personalized Medicine Coalition.

Industry Organizations Praise Senate Passage of VA Mission Act

The U.S. Senate on Wednesday passed, by a vote of 92-5, a major Veterans Affairs (VA) reform bill that includes health IT-related provisions to improve health data exchange between VA healthcare providers and community care providers.

NIH Issues Funding Announcement for All of Us Genomic Research Program

The National Institutes of Health’s (NIH) “All of Us” Research Program has issued a funding announcement for genome centers to generate genotype and whole genome sequence data from participants’ biosamples.

MGMA: Physician Compensation Data Illustrates Nationwide PCP Shortage

Primary care physicians’ compensation rose by more than 10 percent over the past five years, representing an increase which is nearly double that of specialty physicians’ compensation over the same period, according to the Medical Group Management Association (MGMA).