Hospitalists Offer Best Guess at Patient Costs
August 10, 2010 Leave a Comment
It’s often difficult for patients to know how much they’ll pay for procedures, tests and services in a hospital, but the same seems true for their doctors. In a recent study in the Journal of Hospital Medicine, hospitalists fared poorly in a survey assessing their knowledge of patient costs.
As reported by Karen Cheung for HealthLeaders Media, researchers “asked hospitalists how much a hypothetical unadjusted self-paying patient would be billed for commonly used services, procedures, tests, and physician charges. Out of the 26 completed hospitalist surveys, researchers found that only a tenth of them were within a 10% accuracy rate.”
For example, when asked to price an overnight stay in an ICU bed, hospitalists guessed anywhere from $750 to $6,000. Researchers put the true cost for a night in the ICU at the hospitals in their study at $1,107.
“Their guesses were not very close, in general, to the so-called ‘true price’,” says Jeremy D. Graham, MA, DO, internal medicine residency Spokane faculty, clinical assistant professor of medicine at the University of Washington School of Medicine, and lead author of the study.
Physicians are not generally trained on price awareness and the authors point out that true patient costs are challenging to ascertain because of cost adjustments between hospitals and insurers.


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