Patients, practice, and price transparency: The impact of disclosing healthcare costs on consumer decision-making

Abstract

The introduction of price transparency mandates by the Center for Medicare and Medicaid Services (CMS) aimed to reduce healthcare spending by promoting price comparison and the selection of lower-cost providers. In this brief communication, we will discuss how consumer interests in price comparison are influenced and how price transparency is expected to impact consumer decision-making with specific examples for imaging as a shoppable service.

Keywords: Decision making; Imaging; Price transparency.