PETALING JAYA: Although there is now a price guide for procedures at private hospitals, patients are advised to consult their physicians over the actual cost of treatment and options available.
Association of Private Hospitals Malaysia (APHM) president Datuk Dr Kuljit Singh (pic) said the guide released by insurance associations is a positive step in providing patients with a useful reference point to plan their healthcare financing more effectively.
“At the same time, it is important for patients to note that these price ranges are not fixed fees because the actual cost will depend on the patient’s individual condition,” he said.
He said the individual patient’s healthcare cost is likely to vary based on factors such as the severity of their illness, the presence of comorbidities and the chosen treatment.
“APHM encourages patients to speak with their attending physician to better understand their treatment options and the estimated cost. For patients who need further assistance, private hospitals provide financial counselling,” he added.
The guide released by the insurance and takaful industry offers the price range for 26 common procedures at private hospitals.
It is aimed at lifting the lid on medical costs but consumer groups cautioned that transparency should not become a rubber stamp for rising fees or normalising high prices.
The Malaysian Insurers and Takaful Operators (ITOs) in collaboration with industry associations – Life Insurance Association of Malaysia (Liam), Malaysian Takaful Association (MTA) and Persatuan Insurans Am Malaysia (Piam) – established a medical claims data platform referred to as the “MHIT Database”.
“This initiative aims to facilitate the disclosure and publication of the price ranges of common healthcare services sought at private healthcare facilities in Malaysia,” the industry players said in the guideline published on the websites of insurance groups.
The price disclosure allows patients to compare costs and make informed decisions before receiving treatment, added the guideline.
However, insurance coverage remains subject to the terms and conditions of one’s policy.
The rates given are for inpatient admissions where the length of the stay and daycare where the patient is discharged on the same day. The amount varies according to states and age groups.
For example, the typical bill amount for cataract surgery is RM8,400 for daycare admission.
