When you consider ways to better serve your patients or gain a competitive edge, price transparency isn\u2019t<\/em> likely the first thing that comes to mind. Sharing price ranges simply isn\u2019t the standard in any field of medicine. However, the cost of medical care procedures remains a trending search result in almost every state. Although prospective patients are searching, they aren\u2019t<\/em> finding the answers they are looking for.<\/p>\n\n\n\n It\u2019s not just your uninsured patients who want to know what medical services cost, but 92% of all patients want to know what they\u2019ll be paying ahead of time<\/a>. This includes the services you provide that aren\u2019t covered by insurance such as teeth whitening, braces, cosmetic doctorry, and more.<\/p>\n\n\n\n Even with insurance, deductibles can be high, and patients may find themselves rapidly maxing out their annual coverage. By adding your prices to your website, patients can budget for their medical care in advance. Or discuss your cash payment plan ahead of time. At the very least, they won\u2019t be blindsided when asked to pay after their treatment is complete.<\/p>\n\n\n\n The medical industry is one of the few industries that consumers cannot<\/em> comparison shop. It is without a doubt a high priority to find a skilled doctor or specialized oral practitioner, and you deserve to be paid well for your services\u2014but price matters too.<\/p>\n\n\n\n Currently, patients\u2019 only way to research a doctor is by referrals and online reviews. To access pricing, they must call or email. Adding your prices saves your staff time and empowers your patients to make a fully-informed decision. It can also be an effective way to establish trust with new patients.<\/p>\n\n\n\n When a new or returning patient types \u201chow much is a root canal\u201d into their search engine of choice, most can\u2019t <\/em>find a definitive answer from local area doctors. I just typed it in myself and could not identify a local medical practice price list. Instead, I found a variety of articles that discuss pricing on general oral health care blogs.<\/p>\n\n\n\n The prices were segmented by front tooth, bicuspid, and molar. Then again by with and without insurance. The range varied by up to $400 on average. This is a big difference with plans that max out at the average of $1,500 in care per year. Also, for patients who are paying out of pocket.<\/p>\n\n\n\n By adding your pricing to your website and having outstanding online reviews, your price transparency can give you a competitive edge.<\/p>\n\n\n\n Price transparency may be on the way for doctors in the next few years. As of January 1, 2021, the CARES Act<\/a> has appointed price transparency as a federal rule for hospitals, outpatient departments, and ambulatory surgical centers. This means patients should<\/em> now be able to go online and access the prices for any procedure they need to have. Currently, only about 60% of hospitals have posted limited data<\/a>.<\/p>\n\n\n\n Several more phases of medical price transparency will go into effect over the next few years. Doctors are not currently included in any of these phases, but that is likely the direction things are going.<\/p>\n\n\n\n Patients call and ask for pricing anyway, so why not save your staff a bit of time by creating a pricing page on your website? This can include any cash plans you have for uninsured patients.<\/p>\n\n\n\nOver 90% Of Patients Want To Know What They\u2019ll Be Paying<\/h2>\n\n\n\n
Genuine Comparison Shopping<\/h2>\n\n\n\n
Competitive Edge<\/h2>\n\n\n\n
Ahead Of The Curve<\/h2>\n\n\n\n
Is There Really A Reason Not To Add Your Pricing?<\/h2>\n\n\n\n