Cash Healthcare.com News

2 minutes reading time (305 words)

Oklahoma's price transparency rule to make healthcare more consumer friendly

By Alan Condon - Becker's Hospital Review - May 6, 2021

Oklahoma Gov. Kevin Stitt on May 3 signed into law a price transparency bill requiring healthcare providers, groups and facilities to make cash prices available to consumers for commonly provided services, Poncacitynow.com reports.

The Transparency in Health Care Prices Act, unanimously passed in the House and Senate, requires healthcare providers make available a pricing list for the cash price of common procedures, either on their website or through some "other conspicuous posting."

The list must also be updated each year.

"Consumers know what it will cost them to get groceries, to get their car serviced, to have repairs done on their homes," Rep. Carol Bush told Poncacitynow.com. "We should expect the same for healthcare. This law will give people the information they need to price compare as they consider the best treatment option."

Healthcare facilities must also make common diagnosis and outpatient Current Procedural Terminology codes public.

"The old argument that you can't post prices ahead of time is really withering away pretty quickly. I think this bill is healthy because it [is] helping to change the narrative." Keith Smith, MD, an anesthesiologist with Surgery Center of Oklahoma  in Oklahoma City, told Fox25.

The Oklahoma State Medical Association supports the legislation, which compliments new federal legislation designed to better inform patients about healthcare costs upfront.

______________________________________________________________________________________________________________________________________________________________________________________________________________

SOURCE: https://www.beckersasc.com/asc-news/oklahoma-s-price-transparency-rule-to-make-healthcare-more-consumer-friendly.html

______________________________________________________________________________________________________________________________________________________________________________________________________________
 

About Us- Cash Healthcare.com is a healthcare directory offering consumers an easy way to search and find doctors and facilities offering a direct cash price for medical services. As a free resource for consumers, listed doctors & facilities are considerate to healthcare costs and are open to discussing with you their direct cash prices and services outside traditional insurance. We encourage you to contact providers listed directly so you can decide what is best for your healthcare spending needs.

 

 

Health care price transparency bill would be a win...

By accepting you will be accessing a service provided by a third-party external to https://www.cashhealthcare.com/