The call to consider hospital price restructuring is coming from many corners.
Chattanooga, TN (PRWEB) April 02, 2014
Decosimo, a Top 100 regional public accounting and advisory firm, announced the release of a white paper entitled, “Taking Bold Steps with Hospital Pricing & Cost Transparency.” The first in a series on Healthcare topics, the white paper provides an examination of the emerging trends for hospitals to re-evaluate their charge rates for services and the growing call from many segments of the public for greater price transparency.
Decosimo Healthcare White Paper Series author Ken Conner, CPA, explores issues related to taking a new approach toward facilitating charges and the impact on key stakeholders, including insurance providers and those government agencies working with Medicare and Medicaid. The white paper is available for download by clicking here or visit http://bit.ly/1dKUo6Q.
“Charge rates and price transparency have been receiving a great deal of attention in trade publications and within mainstream media outlets,” said Mr. Conner. “The white paper focuses on outlining strategy considerations for hospitals to consider significantly cutting and restructuring their charges. There are examples of this trend already taking place in what is becoming a more competitive marketplace with an increasing number of discerning healthcare consumers.”
Mr. Conner is the Healthcare Practice Leader and a Principal with Decosimo. He has more than 30 years of experience in working with the financial aspects of healthcare. A former Chief Financial Officer of a large Southeastern-based hospital system, Mr. Conner examines the impact of charge reductions by hospitals and how hospitals can be positioned for success by making this type of industry-leading change.
“Hospitals in communities throughout the United States are being called upon by their customers and prospective customers for more information related to knowing the specifics of their out-of-pocket costs,” said Mr. Conner. “The call to consider hospital price restructuring is coming from many corners. In developing this white paper, we believe hospitals which can successfully implement more understandable cost structures and provide greater amounts of price transparency will have a competitive advantage.”
Decosimo is perennially ranked as a Top 100 accounting and business advisory services firm. Decosimo is a regional firm with offices in nine geographic locations in the United States and the Cayman Islands, with approximately 300 professionals and staff. Each of Decosimo's offices provides a full range of accounting and advisory services to a wide array of industries. Additionally, Decosimo is an independent firm associated with Moore Stephens International Limited. With over 300 firms with a total of 667 offices across 105 countries, Moore Stephens and Decosimo provide clients with access to significant resources and expertise comparable to Big Four firms.