In this intriguing video, important advances in transparency of health care prices are explained by Mark Galvin, Founder, President and CEO at TALON at the HCAA conference in Las Vegas.
Two “watershed moments” have been overlooked by most people, while media coverage focuses on other things such as the No Surprises Act.
The first change came when a recent “transparency in coverage” law leverages fines on sponsors (normally employers), who the government hopes will then put pressure on health care providers to be more transparent.
The second came with a class action lawsuit against Johnson & Johnson, signaling to employers that they can’t evade the transparency requirement.
Galvin also looks forward to reducing the disparity in payments for different providers through the definition of “universal acceptable payment amounts,” and advances that allow a provider to receive full payment at the time of care.
Learn more about TALON: https://talonhealthtech.com/
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