Price Simulator™
Pat. US00D952666S
Pat. US00D952666S
Healthcare facilities are subject to many laws and regulations to protect patients and staff. On January 1, 2022, the No Surprises Act became effective, which affects all forms of healthcare and medical practices. Many facilities are now scrambling to become compliant. Thankfully, Price Simulator can help many plastic and cosmetic surgery practices comply with The No Surprises Act.
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Price Simulator is a web application that can integrate into any existing website to help increase leads as well as make the site GFE compliant.
The tool allows plastic and cosmetic surgeons to enter their full menu of services with pricing. For the most accurate estimates, it is recommended that you include all known costs on Price Simulator.
From there, the patient or lead can initiate the good faith estimate. In return for the estimate, they must provide at minimum their basic content information (email and phone number). This gives the medical practices the opportunity to follow up on the lead and discuss the estimate more in-depth.
Not only does Price Simulator help plastic and cosmetic surgeons become compliant with The No Surprises Law, but it also collects leads for the practice. This ingenious tool provides a win-win situation for patients and doctors.
It means that before providing medical services, the providers need to provide an itemized list of each of the costs associated with the services.
For example, if a patient is undergoing a facelift, a good faith estimate needs to include the cost of the procedure, anesthesia, all required appointments, equipment, facility fees, and special circumstances given to a specific patient.
A good faith estimate must be provided whenever a patient asks for one. Therefore, this may be before they even schedule an appointment or at any other time during the process (until they receive their finalized quote).
Good faith estimates do not have to be exact, but they must include all foreseeable and known costs associated with the procedure.
The basis behind the No Surprises act is to introduce federal surprise billing protections. With many people in the United States not having health insurance or having to pay out of pocket for portions of their procedures, it provides the most accurate estimated costs. This includes emergency services and planned procedures such as surgery.
Additionally, to protect medical practices and patients, the No Surprises Act institutes independent dispute resolution. This means that an outside party will investigate claims of failing to follow the law. Overall, this reduces the legal burden and misunderstandings between medical practices and patients when it comes to pricing.
Since The No Surprises Act applies to all medical and healthcare providers, plastic and cosmetic surgery practices must comply. Unlike other medical specialties, many plastic and cosmetic surgeons have not been transparent with their pricing publicly or on their website. The No Surprises Act will require them to now provide price estimates when asked.
However, this does not mean that plastic and cosmetic surgeons must suffer a decrease in leads. All surgeons have to comply with the law. Therefore, this levels the competition. However, by implementing certain measures, plastic and cosmetic surgeons can ensure they are both compliant with the new regulations and bring in more leads.
