lystn

We're starting a new off shoot of the My Good Friends podcast called "Revenue Cycle Rants" where Ben will take on a topic in a shorter form episode once a week to foster a greater conversation online.

This week Ben starts us off with the topic of Patient Balances and The Rand Experiment. The RAND Health Insurance Experiment (HIE) was a landmark study conducted from 1971 to 1982 to assess how different levels of cost-sharing (e.g., free care vs. high deductibles) affect healthcare usage, costs, and patient outcomes. The study randomly assigned participants to various insurance plans with differing levels of cost-sharing. It found that higher out-of-pocket costs led to reduced healthcare usage but did not significantly affect overall health outcomes for most individuals. However, low-income and chronically ill patients experienced worse health outcomes when faced with higher cost-sharing. The study remains one of the most influential in health policy, shaping debates on insurance design and healthcare affordability.

Please Email " RevCycleRants@gmail.com " with your rant ideas!

Subscribe for more Rev Cycle Content.