Hospital price transparency is coming much faster than people think. In addition to CMS pushing price transparency, regular market forces are adding fuel to the fire.
Walmart just opened a 1,500 square foot health center in Calhoun, Georgia that is state-of-the-art and offers:
Clinical laboratory testing
Fitness and nutrition
Health insurance education and enrollment
According to Walmart, this facility offers "affordable, transparent pricing regardless of a patient’s insurance status".
Local resident, Michael Lenahan, looked up the price for a flu test at AdventHealth Gordon in Calhoun, GA. According to the hospital's website, the patient found the price to be $195.64:
He then called Walmart's new health center and found out their price for a flu test was $20.00, nearly 1/10 the price.
Hospital Pricing Specialists examined the latest adjudicated outpatient claims for AdventHealth Gordon and researched Walmart's prices on 3 common tests:
Walmart's strategy is clear. According to Sean Slovenski, Senior Vice President and President of Walmart Health and Wellness, “We are trying to solve problems for our customers. We already have the volume,” he told Forbes. “We have the locations and the right people. We are creating a supercenter for basic healthcare services.”
If you need help with price transparency, I would encourage you to set up a call on my calendar to learn how we can help with: