Surgery centers that adopted price transparency observed growth in revenue and patient volume, according to a 2018 study published in The American Surgeon.
Six ASCs that began publicly disclosing prices for surgical procedures responded to the researchers' data-collection inquiry, and five reported revenue and volume data.
Six findings:
1. Patient volume increased by a median of 50 percent after one year.
2. Four centers saw revenue increases. The median growth was 30 percent.
3. Three centers saw an increase in third-party administrator contracts. They added seven new TPA contracts, on average.
4. Half of the six ASCs reported a reduction in administrative burden.
5. Five centers that adopted price transparency reported an increase in patient satisfaction and patient engagement.
6. The main barrier to price transparency was deterrence from other practices, hospitals or insurers.