Many people do not realize that there is a choice when you are told by your medical provider that you need an imaging exam, from an ultrasound to a PET/CT study. There are really three main choices: The hospital imaging center An imaging center owned by the hospital An independent imaging center First, let’s clarify. What does it mean by independent? … Read More
Arm yourself and know your CPT code
Arm yourself with an important piece of information for a medical service — the CPT code. CPT stands for Current Procedural Terminology, which is used universally across all medical and health providers. With this code, you can contact multiple providers in order to better compare costs BEFORE you have any service done. Take control. It’s your money. It’s your health … Read More
Even medical professionals may not understand healthcare pricing
Capitol Imaging Services shares a short story about the misunderstanding that even doctors have about healthcare pricing and costs for patients. On this particular occasion, two physicians told our staff that a local hospital was less expensive than a Capitol Imaging Services affiliate for a particular procedure, a procedure often not covered by insurance. When fully explained by our associates, … Read More
One hospital charges $8,000 — another, $38,000
Effective January 1, 2021, a federal rule says hospitals have to list the costs of at least some of their services in accessible, consumer-friendly language. The hope has been that equipped with this information, potential patients can shop around and make a better-informed decision before setting foot in a hospital. It may not always be easy to find these costs, … Read More
Planning and paying for a diagnostic procedure
Millions of diagnostic exams are performed in the United States each year. However, planning and paying for these often-essential procedures can be confusing and sometimes much more expensive than they need to be. If diagnostic exams were like most consumer products, you could simply compare imaging scan prices online, come up with the funds, and make your purchase. Unfortunately, almost nothing … Read More
Don’t pay through the nose!
Capitol Imaging Services says do yourself a favor and breathe easier by choosing us. At one local hospital, according to Medicare, in 2013 the average submitted charge for an MRI without the use of a contrast dye was $3,533.25. The average submitted by Capitol Imaging Services? $1,254 Hospitals and health systems across the country are known for charging exorbitant fees for … Read More
Thousands more for an ultrasound
Capitol Imaging Services was contacted by a woman who had her doctor recommend an ultrasound due to a condition known as aortic stenosis. However, she told her doctor there was no way she was going to have the test when the hospital told her the cost was $2,870! She had health insurance and therefore the price of $2,870 would be … Read More
It’s called value
In an era of continued healthcare cost reduction, independent medical providers have an edge: It’s called value. As calls from government and private payers continue for hospitals to trim costs and become more transparent in their pricing, some experts believe the pendulum may swing to favor providers delivering quality care at the best price. The notion flies contrary to the … Read More
Can you trust your doctor with your financial health?
That’s a question posed on a website blog that touts services medical cost savings for consumers. It’s an interesting and poignant question. Of course, the presumption is that a person trusts their doctor or medical provider with their physician health, otherwise they would seek different care. We put our trust in their training and expertise to examine, diagnose and treat properly. … Read More
Shop smart for health care: imaging studies
Become an educated consumer. Take ownership in your health care dollar and understand why you were referred to one place over another. Ask your doctor if he or she is required by his or her employer or financially incentivized to send you to a particular medical facility for testing. Look up your imaging study. There are numerous websites that provide estimates … Read More
When is it appropriate to shop for healthcare services?
Much is spoken about, written about and bantered about in regard to people becoming much more engaged with healthcare services that they may need. Services have a wide and varied range from lab work to therapy to surgeries. Within that range, of course, is medical imaging. Medical imaging is an important cog in healthcare due to its screening and diagnostic capabilities … Read More
Yes you can save money on healthcare services
Medical imaging is one area of healthcare in which people can truly save money. It’s due to one simple fact. Entities within medical imaging that are not owned by hospitals and health systems offer list prices and fees that are much, much less than behemoth hospitals. Numerous articles have been published on the subject, citing example after example of the … Read More
Tests and services are almost always going to be more expensive in an emergency room or hospital setting
The headline is the “takeaway” from an April 9, 2018 story published by National Public Radio. It tells the story of a man, Benjamin Hynden, a resident of Fort Myers, FL. His medical journey included a stop at a Fort Myers hospital emergency room where one the services a nurse recommended was a CT scan. Almost $8,900 for a CT … Read More
Four money saving questions to ask every medical service provider
If you want information about saving money DIRECTLY from a person who works in the health care field, this presentation is for you! It really isn’t that difficult. There are a few key words she gives to guide you to where you want to be. Step 1: Find out what type of test you are ordered to have. In this … Read More
Three large insurers join forces for health care price transparency
UnitedHealth Group (UNH) Inc., the largest U.S. health insurer, will lead an industry effort to throw a spotlight on the prices paid for health-care services, making their costs available to consumers on the Internet. The effort, organized by a nonprofit called the Health Care Cost Institute, builds on steps the Obama administration has taken to shed light on prices charged … Read More