The leading barrier reported to making prices transparent was discouragement from another practice, hospital, or insurance company. The findings of this preliminary study may help guide medical practices in designing and implementing price transparency strategies.
My interactions with like-minded peers and experts who are working to return “joy” to the profession have given me the confidence to express my viewpoints with other physicians who may have different world views. I now have a network of physicians and fellow residents with whom I can discuss entrepreneurial or policy ideas. I truly loved getting to know the staff and BRI students across the country. I had such a wonderful experience and hope to pay it forward in the future. I urge medical students to please stay involved as residents, keep your email updated and maintain your BRI membership. As more students graduate there will be a greater role for resident mentorship as well as ways to focus on our own professional development.
“By offering transparent costs of all medical services, a reduction in healthcare spending across the board would become inevitable. The reason that some entities are against transparent pricing is because they currently stand to gain from these market inefficiencies. These misalignments are often shielded from the public eye and are therefore not well understood by the majority of companies and individuals who purchase insurance.” ~Kristy Lynn Hawley, BRI Leader Emeritus, George Washington University