From President Barack Obama on down, everyone seems to be focusing on "transparency" these days. But when a new term enters the national lexicon, questions appear about its meaning.
Does "transparency" have a legitimate application for healthcare financial leaders?
There are a variety of instances where transparency is pertinent to healthcare finance, but pricing seems to have the most significance. Two healthcare group purchasing organizations—Irving, Texas-based VHA and Atlanta-based MedAssets—have recently launched programs designed to give providers a "transparent" view of their finances, specifically toward purchasing contracts.
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Carlsbad-based Medsphere is applying the transparency concept to its new Web site calculator, which computes the estimated cost of a hospital's electronic health record system and expected return from federal stimulus funds.
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