PatientEngagementHIT

Patient Responsibility News

Patients Unprepared for Out-of-Pocket Costs for Long-Term Care

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Patients underestimate the financial responsibility associated with beginning long-term care, with many leaving themselves unprepared for the high out-of-pocket costs at long-term care facilities, according to a recent survey from Moll Law...

Point-of-Care Price Transparency Needed for Patient Care Access

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Three-quarters of patients experience “sticker shock” when prescribed a medication that was more expensive than they anticipated, according to a new survey from CoverMyMeds. These results highlight the need for better price...

Health Payer Introduces Price Shopping Tool to Drive Care Quality

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BlueCross BlueShield of North Carolina (Blue Cross NC) has launched a price shopping tool that allows patients to receive incentives for selecting what the insurer deems lower-cost and higher-quality healthcare services. Using the new...

Using Payment Plans to Ease Patient Financial Responsibility

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High patient financial responsibility has become known as one of the biggest barriers to patient care in the country. As patients rack up higher and higher medical bills, it is perhaps more attractive for the patient to skip out on care...

Patient Advocates Call for Drug Price Transparency in HHS Blueprint

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The Department of Health & Human Services’ plans to reduce out-of-pocket patient costs and address rising drug costs is on the right track, but requires some fixes to better guide patients when purchasing their medications,...

Patients Support Efforts to Cut Out-of-Pocket Drug Costs for Seniors

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Patients largely support legislative measures that would stabilize the Medicare Part D program, stating that such measures could reduce rising patient financial responsibility and out-of-pocket drug costs, according to a Morning Consult...

Patient Billing, Financial Responsibility Frustrates 70% of Patients

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Despite increasing patient financial responsibility and healthcare costs, the medical industry is still not leveraging the best strategies for assisting patient billing, according to a new survey from InstaMed. The Trends in Healthcare...

Generic Prescription Drug Prices, Patient Cost-Sharing Increase

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Medicare Part D beneficiaries are paying more for generic prescription drugs, despite the fact that the market price for those drugs has remained unchanged, according to an analysis from Avalere. This trend is likely due to the tier these...

Proposed Drug Price Changes to Increase Patient Out-of-Pocket Costs

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Proposed amendments to drug price coverage could adversely impact patient out-of-pocket costs, causing some patients to pay more for their treatments than they had before, according to a recent analysis from Avalere. Earlier this month,...

High Drug Prices Account for One-Quarter of Patient Insurance Costs

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The majority of a patient insurance costs go toward paying for prescription drugs, with high drug prices accounting for 23.2 cents of each dollar spent on an insurance premium, according to a recent analysis from America’s Health...

CMS Updates Drug Price Dashboard to Improve Price Transparency

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CMS has updated its drug pricing dashboards to better reflect the price transparency ideals stated in President Trump’s recent address on drug pricing and out-of-pocket patient costs. The updates will highlight year-over-year...

Patient Worry About Out-of-Pocket Healthcare Costs at All-Time High

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Few patients are confident they can afford an expensive medical bill, as high out-of-pocket healthcare costs continue to be a cause for patient concern, according to a report from the Commonwealth Fund. This report was informed by a...

Doc Help Needed to Overcome High Out-of-Pocket Healthcare Costs

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Patients are continuing to cite high out-of-pocket healthcare costs as significant barriers to care, putting more pressure on providers to identify and alleviate those problems, according to a new study from the University of Texas...

85% of Patients Concerned about Healthcare Costs, Quality

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Consumers have become more concerned about healthcare costs and rising patient financial responsibility than they are about paying for other services in their lives, according to a recent survey from patient advocacy group Consumers for...

Improvement Needed for Patient-Facing Cost Transparency Tools

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The cost transparency tools that healthcare payers offer are generating some patient buy-in, but more work is still necessary for these tools to make a dent in growing patient financial responsibility, according to a recent report from the...

CVS Health Hosts Tool Cutting Out-of-Pocket Patient Costs for Meds

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CVS Health and its pharmacy benefits manager (PBM) CVS Caremark has launched a new tool that will help patients, payers, and providers connect patients with medications at the lowest possible cost, ideally reducing out-of-pocket patient...

Understanding Consumerism in Healthcare, Patient Empowerment

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Consumerism in healthcare is here to stay, but the industry needs some fixes to drive patient empowerment and assist patients who face growing financial responsibility, according to a policy brief from healthcare researchers at Rice...

High Costs Increase Patient Financial Responsibility by 11%

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Patient financial responsibility increased by 11 percent in 2017, leading to a major upswing in out-of-pocket patient healthcare costs for the year, according to a recent report from TransUnion Healthcare. The report, released at the...

64% of Patients Avoid Care Due to High Patient Healthcare Costs

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Patients are delaying medical care or forgoing treatment altogether because of increasingly high patient healthcare costs, according to a recent survey conducted by 20|20 Research in partnership with CarePayment. Healthcare prices are...

Out-of-Pocket Healthcare Costs to Rise for Medicare Beneficiaries

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Traditional Medicare beneficiaries can expect to spend nearly 20 percent of their total annual incomes on out-of-pocket healthcare costs by 2030, according to a recent report from the Kaiser Family Foundation. The report included data...

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