News Headlines Article

Exec urges transparency in healthcare pricing
Modern Healthcare

In a Senate hearing Thursday, the head of Virginia Mason Health System called for more transparency in healthcare pricing and said if public healthcare programs change their payment systems, the private sector will follow. “I think Medicare and our state governments who have similar economic challenges have an opportunity to—in a substantive way—modify payment, and we will see the private sector move as well,” Dr. Gary Kaplan, chairman and CEO of the Seattle-based system, told members of the Senate Health, Education, Labor and Pensions Committee in a hearing about improving quality and lowering costs. “But I think there is an even bigger issue, and that has to do with transparency,” he added.