Healthcare Consumerism Surges in Pandemic’s Financial Fallout

Healthcare consumerism is on the rise, as patients seek out price transparency and work to mitigate their own finances during the COVID-19 economic downturn, according to a TransUnion Healthcare report obtained via email.

Specifically, patient interest in price transparency is at an all-time high, despite patient financial responsibility staying stagnant compared to years past. This indicates that other changes outside of high healthcare costs are fueling trends toward healthcare consumerism, the report authors said.

In its second annual patient survey, which garnered responses from over 3,000 adult patients nationwide, the researchers determined that the global pandemic may have played a role in this increase in healthcare consumerism. Read More: PatientEngagementHIT

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