What’s the problem?

Physicians lack transparency about costs for routine labs, medications, and vaccines, leading to potentially significant out-of-pocket expenses for patients. Hospitals often charge exorbitant fees for these services, and this lack of cost awareness among physicians can contribute to unnecessary financial burdens on patients.

Why does this matter?

Unanticipated medical expenses can cause substantial financial stress for patients, sometimes deterring them from seeking necessary care. When physicians are unaware of the costs associated with the tests and treatments they order, it can lead to overutilization of services, driving up healthcare costs without improving patient outcomes. This disconnect between cost and care can undermine trust in the healthcare system and prevent the adoption of high-value care practices. By understanding and managing these costs, physicians can make more informed decisions that benefit both patients and the overall healthcare system.

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