As part of its 2022 Price Transparency Impact Report, Turquoise Health, a health care tech platform focused on simplifying health care reimbursement through pricing transparency, announced that Bon Secours Mercy Health is one of the most transparent systems in the nation in terms of pricing transparency.
Health systems were rated on a scale of 1 to 5, with 5 being the most transparent based on seven different subcategories, including how many of their hospitals have posted a machine-readable pricing file with negotiated, cash and list rates.
Turquoise Health analyzed nearly 5,000 hospitals that have posted a machine-readable file with pricing information. Of these, 104 hospitals – including Bon Secours Mercy Health – received a perfect score of 5.
Bon Secours Mercy Health offers patients a variety of tools to help inform about costs prior to service. The organization’s innovative Price Estimation Tool, available on both the Bon Secours and Mercy Health sites, looks at hospital services, materials, supplies, ancillary services and health insurance information to provide out-of-pocket cost estimates for hundreds of the most common procedures.
“As a ministry, we are committed providing patients with transparent, honest information at every step of their health care journey,” Bon Secours Mercy Health Chief Revenue Officer Billie Jean Mounts said. “We strive to go above and beyond to explain the costs associated with care and the options that are available for every patient.”
