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Based on the above table, it could be identified that Managed Care 2 patients are the payer category receiving subsidies.
The underinsured or uninsured patients have little choice of hospitals or the services for which they are billed despite having prior knowledge about the prices. This is because they do not have any idea about the bills and those maintaining the charge masters could not explain the situation to them (Staff 2018). Therefore, the bills they have to incur rely on the generosity of the hospitals or seeking the advice of billing advocates.
In order to maintain healthcare price transparency, there has been industry wide push to modify how the healthcare organisations compute and guard their prices of the charge masters. Therefore, the consumers could visit the website for reviewing the charge master of a hospital, in which they could find a series of average charges for 25 common outpatient processes and projections of percent increase in gross revenue because of changes in prices (Hancock 2016).
Hancock, M.S., 2016. Going beyond to manage change. Healthcare Financial Management, 70(3), pp.28-29.
Staff, T., 2018. Bitter Pill: Inside TIME’s Cover Story on Medical Bills | TIME.com. [online] TIME.com. Available at: https://healthland.time.com/2013/02/20/bitter-pill-inside-times-cover-story-on-medical-bills/ [Accessed 7 Sep. 2018].
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