Certified Revenue Cycle Representative (CRCR) Practice Exam

Price transparency in healthcare helps patients to:

1. Understand medical procedures better

2. Negotiate salaries for healthcare professionals

3. Identify and compare providers based on price and value

4. Secure better insurance rates

The correct answer is: Identify and compare providers based on price and value

Price transparency in healthcare primarily empowers patients to identify and compare providers based on price and value. When healthcare pricing is transparent, it allows patients to access information about the costs of various services and procedures across different providers. This knowledge enables them to make informed decisions regarding their care, potentially leading them to select providers that offer higher quality services at more affordable prices. Having visibility into pricing helps patients not only in budgeting for their medical care but also in ensuring they are receiving appropriate value for the services they choose to utilize. By fostering a competitive environment, price transparency can improve overall healthcare quality and reduce costs. The other options, while important in different contexts, do not directly align with the primary benefits of price transparency. For example, understanding medical procedures better may enhance patient knowledge, but it does not specifically relate to the concept of price transparency. Similarly, negotiating salaries for healthcare professionals and securing better insurance rates involve different aspects of the healthcare financial system that are not influenced by price transparency directly.