Study at Johns Hopkins Shows Price Transparency Works: Physicians Order Fewer Clinical Pathology Laboratory Tests When They Know the Cost

May 28, 2013 | Coding, Billing, and Collections, Laboratory News, Managed Care Contracts & Payer Reimbursement, Management & Operations

Giving physicians Information on the price of medical laboratory tests at the time of order decreased overall use of such tests by about 9%, researchers said.  Physicians order fewer clinical laboratory tests when they know how much they cost, according to a recent study at the Johns Hopkins University School of Medicine.Those findings are good news for hospital-based pathologists  who must often respond to physicians who order expensive esoteric tests that are inappropriate for the patient’s...
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