Retailization? Providers should imagine negotiating with cash paying consumers. They should strive for “further price and billing transparency in health care — just like in other consumer markets.” --Don McCanne
by Dan Diamond
Politico Pulse, March 1, 2016
Speaking at the Federation of American Hospitals annual meeting on Monday, CMS acting administrator Andy Slavitt invited providers to join the agency's ongoing push for the "retailization" of health care.
"A retail strategy calls on you to imagine you are negotiating directly with a cash paying consumer who used to be a source of bad debt — except one who now has the wherewithal to pay for services and wants to build a relationship where they can also find elective, outpatient and wellness services," Slavitt said. He went on to elaborate about the need for further price and billing transparency in health care — just like in other consumer markets.