One out of every three hospitals is in full compliance with a federal mandate to post payer rates publicly and transparently.
And many others are partially in compliance with the federal requirement that took effect on January .
Full compliance requires that the postings are machine-readable and include payer-negotiated rates for 300 “shoppable services.” 2000 of 6000 hospitals are already meeting four of five federal criteria and about 20 percent appear to be on their way to doing so.
Hospitals began working to comply with the new federal mandate when their attempt to block it in court failed.
Learn more about how hospitals are responding to the mandate to move toward price transparency in the Fierce Healthcare article “Analysis: Roughly 2,000 hospitals fully compliant with new price transparency rule.”