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Healthcare Economics

Dominant hospitals dictate price and contract terms

Dominant hospitals dictate price and contract terms

Hospitals with significant market power can dictate how much they will get paid—about 12.5% higher prices for monopoly hospitals than those in a market with four or more competitors—and the form of their contracts with insurers.

Q&A with HFMA CEO Joseph Fifer on price transparency

Q&A with HFMA CEO Joseph Fifer on price transparency

Fifer, who took over the HFMA in 2012 after 11 years as vice president of hospital finance at Spectrum Health in Grand Rapids, Mich., says industry leaders are starting to do a better job of listening to consumers.

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