Hospital price transparency rule

Price Transparency Compliance Rises With Penalties

Raising penalties for failure to comply with federal hospital price transparency requirements is increasing compliance with those requirements. Or so concludes a new JAMA Network report. According to a recently published study that examined nearly 4400 acute-care hospitals, … compliance with the 2021 Centers for Medicare & Medicaid Services Price Transparency Rule increased from 70.4% in 2021 to 87.7% in 2022. Increases in compliance were significantly positively correlated with penalty size, which changed from a flat rate to a function of hospital bed counts. Compliance with the requirement, which took effect at the beginning of 2021, was already generally [...]

CMS to Hospitals: We’re Watching You

The federal government is watching to see whether hospitals are following its new rules on price transparency. And apparently, not all hospitals are. Since the first of the year the Centers for Medicare & Medicaid Services has been monitoring hospitals’ compliance with a new rule that requires public disclosure of their prices, and in April it began writing to hospitals that were not meeting the regulatory standard, telling them they have 90 days to address their shortcomings. Hospitals that fail to meet the CMS standard are subject to fines and public disclosure of their non-compliant status.Learn more from the Becker’s [...]