A bill recently passed by the Arizona Senate would require healthcare providers to list their direct pay or cash prices so patients can make more educated decisions about the cost of their care, according to an ABC15 report.
The legislation, Senate Bill 1115, which is sponsored by Sen. Nancy Barto (R), could help patients decide whether to allow a provider to bill their insurance company or to pay cash for a procedure. If patients pay cash, they would be responsible for either billing their own insurer or putting costs toward their deductible, according to the report.
The bill is also supported by orthopedic surgeon Eric Novack, MD, who says the legislation would help promote transparency and cut down on frustrations for patients trying to make educated price decisions.
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The legislation, Senate Bill 1115, which is sponsored by Sen. Nancy Barto (R), could help patients decide whether to allow a provider to bill their insurance company or to pay cash for a procedure. If patients pay cash, they would be responsible for either billing their own insurer or putting costs toward their deductible, according to the report.
The bill is also supported by orthopedic surgeon Eric Novack, MD, who says the legislation would help promote transparency and cut down on frustrations for patients trying to make educated price decisions.
More Articles on Coding, Billing and Collections:
CMS Listening Sessions Prepare Providers, Payors for ICD-10
Saint Thomas Health Eliminates 38 Billing Jobs
JAMA: Physicians Will be Rewarded for Sticking With EHRs