Many people claim to appreciate transparency, but unfortunately, transparency doesn’t always have only a bright impact. There is a major push for visibility of hospitals’ costs, pricing, and quality metrics—which is expected to be an even more noteworthy component of reimbursement. It sounds like a bright idea, but there are still potential impacts of:
- bad public relations,
- hospital quality rated by inconsistent variables across ranking organizations,
- consumers being misguided as price and quality data don’t always come together in performance reviews, and
- hospitals depending on favorable reviews for reimbursements.
Download this CRInsight to learn more about the implications of transparency on your hospital and steps for how your hospital can shine brightly in this newly transparent world.