hospital price transparency regulations

Hospitals’ compliance with federal price transparency regulations declined during 2024. According to the organization PatientRightsAdvocate.org, hospital compliance with the federal standard fell from 34.5 percent in February of this year to 21.1 percent in November. Under federal guidelines, hospitals are required to post payer-specific rates for their 300 most common procedures and those postings must be made in a consumer-friendly format.  PatientRightsAdvocate.org reviewed the postings of 2000 hospitals and found that while all of them posted data in the appropriate format, the quality of that data varied greatly.  While the objective of the requirement is to enable consumers to use [...]