Hospitals usually justify mergers claiming it will help lower healthcare costs for patients, but this recent study shows how healthcare costs generally increase post-merger. This means pre-service comparison shopping based on your plan’s historical claims data is more important in areas where hospitals have merged. Medxoom’s price-comparison technology helps patients and employers compare healthcare costs and quality ratings before procedures to save 10%+ annually.
From Advisory Board:
“The Petris analysis looked at the 25 metropolitan areas with the highest rates of consolidation between 2010 and 2013 and found that, in most areas, the average price of a hospital stay increased between 11% and 54% in the years following a consolidation.