Increase prices in response to rising costs

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Reference no: EM133662281

Question

Kassim, Balancing the need to increase prices in response to rising costs while maintaining patient access and affordability is a complex challenge for healthcare organizations. I believe some strategies to achieve a balance include providing financial assistant programs as well as being transparent. Establishing a financial assistance program for patients who may struggle with healthcare costs can greatly benefit not only the patient but the facility as well. These programs can include discounts, or charity care programs to ensure that financial constraints do not prevent access to necessary medical services. Second, enhancing transparency in pricing by clearly communicating cost structures to patients and providing detailed information about the breakdown of healthcare costs can help build trust and manage patient expectations. Maintaining access and affordability can be a complex situation but when you create innovate and out of the box ideas I truly believe this can be achievable.

Reference no: EM133662281

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