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Understanding Healthcare Costs

At Phelps Health, our goal is to make healthcare cost information readily available to you, our patients. By understanding the financial information surrounding your medical care, including health insurance and out-of-pocket expenses, our patients can make more informed healthcare decisions.

Knowing your share of healthcare costs is important but should not be the only factor you consider. Each hospital and healthcare system has different treatments, procedures, costs and quality. All of these factors should be considered when choosing a hospital or healthcare system in which to receive care. Phelps Health has received numerous awards and accreditations and has consistently been recognized for patient safety, medical excellence and quality of care.

At Phelps Health, we do our best to embody our CARES values of Compassion, Accountability, Respect, Excellence and Service.

Price Transparency/Standard Charges

We are committed to providing our patients with price transparency when it comes to their medical costs. Hospitals are required by law to make information available about standard charges for the services provided.

Learn About Standard Charges and Price Transparency

Get a Cost Estimate

Knowing the cost of your care is important. With our price estimator tool, you can be better informed about your healthcare costs. Click on the link below to estimate your out-of-pocket expenses for a variety of services available at Phelps Health.

Estimate Your Cost

Frequently Asked Questions

Medical bill estimates are based on many factors, and each patient’s case is unique. 

FAQs About Healthcare Costs

What Information You Need

To ensure we are providing the most accurate cost estimate for your care, you will need to provide the following specific information:

  • Patient’s personal information
  • Insurance information (Please have your insurance card available.)
  • Current Procedural Terminology (CPT) code

Understanding Your Price Estimate

Please note that the cost estimate you receive could be more or less than your final bill. Certain factors, such as the actual services performed or changes in your coverage, may affect the actual amount you owe.

Terms to Know

Current Procedural Terminology (CPT) code - A unique number assigned to specific medical services or procedures

Hospital charge – A charge by Phelps Health Hospital for the facility, testing and/or supplies

ICD-10 code – International classification of diseases that identify your health condition or diagnosis

Physician charge – A charge by a health professional who cared for you

Financial Assistance

Phelps Health will provide medically necessary services to all patients without regard to their financial ability to pay. If you are unable to pay your bill, you may be eligible for financial assistance. Please call us at (573) 458-7715 to learn more.

Read the Plain Language Summary

Read the Accounts Receivable Management Policy