West Health's View on Improving Transparency in Healthcare Pricing

Greater transparency is essential to making healthcare decisions based on value.

Today, most patients do not have access to information about the actual cost of a medical service, whether it is a medication, hospitalization, test or surgery, making it difficult for them to become informed consumers of healthcare, and nearly impossible for them to get a fair deal on their terms.

Most patients also have no way of knowing whether recommended services are genuinely needed or whether there are potential alternatives. Creating a healthcare marketplace that is fully transparent will enable patients to make care decisions that are best for them and their families, and will ensure employers, health plans, and providers have sufficient information to purchase and design care that improves value.