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The impact of price transparency on consumers and providers: A scoping review

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  • Zhang, Angela
  • Prang, Khic-Houy
  • Devlin, Nancy
  • Scott, Anthony
  • Kelaher, Margaret

Abstract

Escalating levels of healthcare spending and price variation in the healthcare market have driven government and insurer interest in price transparency tools that are intended to help consumers shop for services and reduce overall healthcare spending. However, it is unclear whether the objectives of price transparency are being achieved. We conducted a scoping review to synthesize the impact of price transparency on consumer, provider, and purchaser behaviours and outcomes.

Suggested Citation

  • Zhang, Angela & Prang, Khic-Houy & Devlin, Nancy & Scott, Anthony & Kelaher, Margaret, 2020. "The impact of price transparency on consumers and providers: A scoping review," Health Policy, Elsevier, vol. 124(8), pages 819-825.
    • Handle: RePEc:eee:hepoli:v:124:y:2020:i:8:p:819-825
    DOI: 10.1016/j.healthpol.2020.06.001
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    References listed on IDEAS

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    1. Zack Cooper & Stuart V Craig & Martin Gaynor & John Van Reenen, 2019. "The Price Ain’t Right? Hospital Prices and Health Spending on the Privately Insured," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(1), pages 51-107.
    2. Christopher Whaley & Timothy Brown & James Robinson, 2019. "Consumer Responses to Price Transparency Alone versus Price Transparency Combined with Reference Pricing," American Journal of Health Economics, MIT Press, vol. 5(2), pages 227-249, Spring.
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    4. Whaley, Christopher M., 2019. "Provider responses to online price transparency," Journal of Health Economics, Elsevier, vol. 66(C), pages 241-259.
    5. Michael Chernew & Zack Cooper & Eugene Larsen-Hallock & Fiona Scott Morton, 2018. "Are Health Care Services Shoppable? Evidence from the Consumption of Lower-Limb MRI Scans," NBER Working Papers 24869, National Bureau of Economic Research, Inc.
    6. Ethan M. J. Lieber, 2017. "Does It Pay to Know Prices in Health Care?," American Economic Journal: Economic Policy, American Economic Association, vol. 9(1), pages 154-179, February.
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    Cited by:

    1. Amir Hossein Sepehrian & Zahra Sadat Mirzazadeh & Malihe Sadat Aghaei Shahri, 2023. "Effect of price transparency on the perception of fair price and satisfaction with the purchase of sports products," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 22(5), pages 327-337, October.
    2. Deidre Popovich & Kellilynn M. Frias, 2023. "Examining legislation and trends in healthcare pricing: A research agenda for consumer well‐being," Journal of Consumer Affairs, Wiley Blackwell, vol. 57(3), pages 1453-1481, July.
    3. Christopher T. Robertson & Wendy Netter Epstein & Hansoo Ko, 2023. "The effects of price transparency and debt collection policies on intentions to consume recommended health care: A randomized vignette experiment," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 20(4), pages 941-960, December.
    4. Dariusz Dudek & Marcin Lipowski & Ilona Bondos, 2021. "Changing Energy Supplier on the Market with a Strong Position of Incumbent Suppliers—Polish Example," Energies, MDPI, vol. 14(13), pages 1-16, June.
    5. Sabanovic, Hana & La Brooy, Camille & Méndez, Susan J. & Yong, Jongsay & Scott, Anthony & Elshaug, Adam G. & Prang, Khic-Houy, 2023. "“It's not a one operation fits all”: A qualitative study exploring fee setting and participation in price transparency initiatives amongst medical specialists in the Australian private healthcare sect," Social Science & Medicine, Elsevier, vol. 339(C).
    6. Anderson, David M. & Hoagland, Alex & Zhu, Ed, 2024. "Medical bill shock and imperfect moral hazard," Journal of Public Economics, Elsevier, vol. 236(C).
    7. Kjellberg, Hans & Sjögren, Ebba & Krafve, Linus Johansson, 2023. "The functions of known to be inaccurate prices in markets: A cross-country comparison of pharmaceutical list pricing," Journal of Business Research, Elsevier, vol. 167(C).

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