Hospital Pricing FAQs




Where can I find out how much a service is going to cost?

The best way to determine your cost is to discuss your coverage options and needs with your insurer or our hospital. This is the only way to explore your personal situation and most accurately determine the potential out-of-pocket costs of care you or a loved one may need.


Are the amounts listed what I will have to pay for a service?

More than likely, no. The amounts we have listed on our website are based on the average of similar cases. They do not necessarily reflect a patient’s actual financial responsibility, which can vary significantly based on the care and services an individual requires, if he or she is insured, and by which insurer or plan he or she is covered.


Why can’t you provide actual charges or out-of-pocket costs for patients?

Charges and out-of-pocket costs vary a lot from person to person and are difficult for us to estimate. Every patient is different, and providers make medical judgements based on each patient’s specific situation.


A person’s financial responsibility, or out-of-pocket cost, is dependent on many factors, including if he or she is insured, by which insurer and under which plan he or she is covered, and if he or she qualifies for financial assistance. Because this varies so much from individual to individual, we cannot make blanket statements about actual charges or out-of-pocket costs.


Also, any charges that a patient incurs are dependent on a variety of factors such as how long he or she has to stay in the hospital, unexpected complications that arise, specific supplies and items needed for his or her care, and additional testing required or recommended to assess his or her condition. One patient’s needs may be vastly different from another’s even though they come to the hospital for the same procedure. It is difficult to estimate how this can differ.


We do encourage all patients to contact their insurer or our business office to discuss their individual situations and determine the potential out-of-pocket costs of care they or a loved one may need.


How does a provider set its prices?

Healthcare providers’ prices are based on the cost of the service (i.e. equipment and supplies, personnel, etc.), prices charged by competitors and prices of similar services offered. “Gross charges” can be thought of as “list price,” with the understanding that virtually nobody pays “list price,” as almost everybody gets some kind of discount.


Hospital prices are set to take into account the expected mix of patients seen and reflect expected payments from varied payers, such as the government, insurance companies and individuals. In addition, they are typically set to achieve an overall small positive margin so a hospital can keep up with community needs, reinvest in the hospital’s services and facility, provide care for those who can’t pay, and collaborate with and support organizations that share its mission.


Why do different providers have different prices? Shouldn’t one service cost about the same from one facility to the next?

Prices vary because all hospitals are different. Size, staffing, technology and equipment, services offered, the intensity of care provided, patients served, the mix of payers who cover patients, and many other factors all impact how much money a hospital needs to operate, and how much it charges for services.


What are you doing to help patients reduce or better manage their out-of-pocket costs?

With patient prices and hospital revenues being largely based on our cost of providing care, we constantly monitor our costs to operate the facility as efficiently as we can. As you can imagine, we are subject to many legal and regulatory restrictions when it comes to patient costs, but we are offering what programs, payment options and discounts that we can.


The business office can help individuals determine the potential costs of care they or a loved one may need and explore what programs; payment options and discounts may be available to them. FMC Financial Counselors may be reached at 318-412-5290 or 318-412-5412.