Price Transparency in Healthcare: Reducing Patient Sticker Shock

by Grace Chen

Prescription Costs Are Driving Patients to Abandon Meds—and a New Tool Aims to Help

A new survey reveals over a quarter of Americans have skipped filling a prescription due to cost, highlighting a critical need for price transparency in healthcare.

  • More than half of U.S. patients (56%) encounter challenges when trying to fill prescriptions.
  • A startling 25% have left medications unfilled because of the price.
  • Despite being digitally savvy, only 20% of patients feel equipped to manage their medication costs.
  • 84% of patients want their doctors to recommend solutions for comparing prescription prices.

The American prescription drug market often feels like a guessing game, where the final price isn’t revealed until you’re at the pharmacy counter. A recent report quantifies the frustrating reality for many Americans: over half (56%) face hurdles filling prescriptions, and a deeply concerning one in four have simply walked away without needed medication because they couldn’t afford it.

“The traditional healthcare models fail people every day,” notes Frank Harvey, CEO of Surescripts. “Not because they make bad choices, but because the system gives them no chance to make the right ones.”

The “Sticker Shock” Epidemic

The core problem is a lack of upfront information. While 76% of patients generally consider themselves healthy, nearly half (48%) are managing at least one chronic condition, making consistent medication access vital.

Yet, the financial side of healthcare remains opaque.

  • The Uncertainty: Nearly half of patients (48%) don’t know where to find reliable prescription pricing information.
  • The Consequence: Without clear costs, some patients are resorting to dangerous practices like splitting pills to stretch prescriptions—a tactic that can compromise their health.

“With more patients than ever relying on expensive medications… the need for patients to have accurate prescription cost information at the point of prescribing has never been greater,” Harvey adds.

The Trust Paradox: High Trust, Low Tooling

The survey reveals a surprising opportunity for healthcare providers. Despite widespread frustration with the system, patients maintain a strong level of trust in their doctors.

A significant 84% of patients expressed interest in digital tools recommended or managed by their provider. This challenges the idea that patients prefer navigating healthcare finances independently; they want their doctors to guide them through the complexities, just as they do with clinical care.

However, a disconnect exists. Currently, only 26% of patients discuss costs with their doctor during appointments. This silence is costly, as prescriptions often stall at the pharmacy when affordability isn’t addressed.

The “Script Corner” Solution

In response to this need, Surescripts has launched Script Corner, a mobile-friendly web application designed to increase transparency for patients.

Unlike the scattered landscape of coupon apps and insurance portals, Script Corner aims to provide a comprehensive view of the “true price.” It allows patients to instantly see their out-of-pocket costs at different pharmacies, comparing insurance copays with cash discount programs like GoodRx.

This launch represents a strategic shift for Surescripts, moving beyond its role as a behind-the-scenes infrastructure provider to become a patient advocate. By empowering patients with “meaningful choices directly into patients’ hands,” the company hopes to bridge the gap between the doctor’s office and the pharmacy.

The Prior Authorization Bottleneck

Beyond cost, the survey highlights the ongoing frustration of administrative delays. 29% of patients experience delays due to prior authorization (PA) requirements, rising to 36% for those taking multiple medications.

These delays aren’t merely inconvenient; they can negatively impact health. 13% of respondents reported their health worsened while waiting for PA approval. In today’s digital world, relying on fax-based processes for days is an outdated practice that actively harms patients.

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