5 Price Transparency Strategies for Healthcare Providers to Boost Revenue and Patient Loyalty

Healthcare providers nationwide are preparing for CMS' final rule on price transparency to take effect Oct. 1, 2021. As recent data shows that healthcare is the largest part of the American family's budget after housing, many providers are struggling to ensure their patients have a clear understanding of what costs they're responsible for.

During an Oct. 6 workshop hosted by Becker's Hospital Review and sponsored by Waystar, Heather Kawamoto, Waystar's vice president of product, discussed price transparency strategies for hospitals and health systems to increase their net revenues and patient loyalty.