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| Name | Hospital Raises Prices if You Are Uninsured |
| Video Uploader | Video From AHealthcareZ - Healthcare Finance Explained |
| Upload Date | This Video Uploaded At 02-02-2021 00:00:02 |
| Video Discription | This Video is the True Story of My Wife's MRI. Our Family Pays for Healthcare Cash Pay... Not with Health Insurance. The Hospital Wanted to Charge Her $4,034... Which is a 45% Discount Off of Billed Charges of $7,335. Because I Work in Health Care and Health Insurance, I Knew That This Hospital Did Not Bill $7,335 for an MRI. Turns Out the $7,335 is a 'National Average' of Billed Charges for This Type of MRI According to a Hospital Revenue Cycle Consulting Firm Called nthrive That the Hospital Uses. I Don't Know How nthrive Came to That Amount. In My Experience With Hundreds of Hospitals Across the Country, I Have Not Seen $7,335 Be the Average Amount Billed for an MRI. That's Way Too High. The Hospital Agreed that They Should Instead Bill Their Own Billed Charges and Not the Supposed 'National Average.' The Hospital's MRI Billed Charges Were $3,849. After Applying a 45% Discount, the Final Cash Pay Price Was $2,117... about Half the Originally Quoted Price. Whether or Not This Hospital Made an Honest Mistake, I Do Not Know, but Charging Different Amounts to Different Customers is Called 'Price Discrimination.' In Many Situations it is Illegal. Sources: https://www.nthrive.com/; https://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/price-discrimination-robinson-patman AHealthcareZ is 200+ Healthcare Finance Educational Videos. 💥 BOOK: Check out Dr. Bricker’s Book 16 Lessons in the Business of Healing here: https://www.ahealthcarez.com/healthcare-money-campfire-stories-book AHealthcareZ Viewers Include: Employee Benefits Professionals, HR, CFOs, Insurance Brokers, Benefits Consultants, Doctors and Nurses in Leadership Roles, Hospital and Health System Administrators, Health Insurance Carrier and PBM Professionals, Pharma and Med Device Professionals, Academic Professors and Students in Healthcare Administration and Public Health. 90,000+ Views Per Month Across All Platforms. Visit AHealthcareZ.com to Subscribe to the Healthcare Finance Video Newsletter. #HealthcareCosts #HealthInsurance #MedicalBills |
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