One of the assumptions of value-based care is that if consumers are aware of price, then they can make better decisions about the healthcare services they receive. In an effort to encourage this efficiency in healthcare, government regulation and policy has been designed to promote transparency of quality and cost information. Discuss
One of the assumptions of value-based care is that if consumers are aware of price, then they can make better decisions about the healthcare services they receive. In an effort to encourage this efficiency in healthcare, government regulation and policy has been designed to promote transparency of quality and cost information. Discuss
One of the assumptions of value-based care is that if consumers are aware of price, then they can make better decisions about the healthcare services they receive. In an effort to encourage this efficiency in healthcare, government regulation and policy has been designed to promote transparency of quality and cost information. For this Discussion, examine the following scenario and consider how regulation and policy on hospital cost transparency might improve economic efficiency.To prepare for this Discussion, review the provided scenario. What are the advantages of transparency for both the hospital and the consumer? How might hospital cost transparency improve economic efficiency? Consider current (last 5 years) regulation and policy to compare hospitals based on their costs. Locate and review literature to support your recommendations. an analysis of the advantages of transparency for both the hospital and the consumer. Include how hospital cost transparency might improve economic efficiency. Then, recommend regulation and policy to compare hospitals based on their costs. Defend your recommendations. Your original post, due by , will typically be 3–4 paragraphs in length as a general expectation/estimate
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