Unveiling Healthcare: The Key Role of Price Transparency with Greg Kay, Senior Vice President at PMMC
Price transparency is a key focus to have, as the federal government is driving openness to both quality and price data.
In this episode, Greg Kay, Senior Vice President at PMMC, sheds light on his company’s role in ensuring hospitals are paid correctly by payers, negotiating optimal reimbursement terms, and strategically pricing services. Greg delves into the critical area of price transparency, driven by federal regulations, such as the No Surprise Act and Price Transparency Regulations. He emphasizes the importance of compliance, educating consumers on healthcare costs, and leveraging data for hospitals to enhance negotiating positions with payers. Greg also underscores the transformative impact of transparency on the healthcare industry and the need for hospitals to adapt to changing regulations and consumer expectations.
Tune in and learn about the evolving landscape of healthcare reimbursement, compliance challenges, and the pivotal role of organizations like PMMC in navigating these changes!
