Lack of Cost Information Hurts Healthcare Decision-making

July 2, 2014

Providers are struggling to understand the cost of many of the tests and procedures they offer, which hurts their ability to make good decisions, according to Beth Meyers, nurse executive and healthcare industry strategy director at Infor.

Currently, providers are struggling to understand the cost of many of the tests and procedures they offer, which hurts their ability to make good decisions, according to Beth Meyers, nurse executive and healthcare industry strategy director at Infor.

One the focuses at the Healthcare Financial Management Association’s national meeting in Las Vegas was providing upfront costs to patients so they can make better decisions. However, many of the current processes need to be improved upon to make it a reality.

“All of the work that physicians are doing right now—entering information in electronic health records—we need to be able to leverage and pull that information back out and provide it back to clinicians so they can make better decisions about patient care,” Meyers said.