St. George (Utah) Surgical Center administrator Ty Tippets spoke to the U.S. Senate Health Committee on price transparency, Health Data Management reports.
Here's what you should know:
1. St. George Surgical Center has offered up front pricing for the last five years.
2. Mr. Tippets said since posting prices online the center's patient base expanded.
3. He said, "For example, we recently served a patient from Montana who needed a knee ACL reconstruction. After finding our price online, he called to make sure we did not have a typo. The best price he found in Montana was $30,000, just for the hospital fee. Our listed price, which is fully bundled and includes [physician] fees, facility fees and anesthesia, is $6,335. We routinely see 60 percent to 80 percent in savings — sometimes higher — over other settings for the same procedures."
To read more of the senate hearing, click here.