Michigan Pricing Database Hits Net
The Michigan Health and Hospital Association announced a new, voluntary effort to provide state residents with pricing information for common medical procedures, according to a piece in the Detroit Free Press.
The plan calls for creation of a database to detail costs for the 50 most common medical procedures, with plans to further expand the listing. The initial goal is to ensure inclusion of procedures accounting for 80% of hospital revenue.
The organization, a collaborative of the almost 150 nonprofit hospitals in the State, is spearheading the effort and will sponsor the site where pricing is detailed. The effort is set to start January 1st of next year.
The organization has yet to determine which pricing will be listed; noting the difference in prices charged versus remuneration received. Patients with health insurance often do not pay the billed price because of negotiated rates with payors and healthcare facilities.
Currently, only one hospital in Michigan has made pricing information available to the public via online resources.
Oregon recently announced an effort to provide patients with pricing information that allows comparison of costs between facilities that was detailed on Hospital Buyer. West Virginia is engaging in a process similar to that described above in Michigan, with the exception that all facilities statewide are required to detail pricing. BlueCross BlueShield of Tennessee is providing patients with cost information before they undergo procedures.