The Centers for Medicare and Medicaid Services (CMS) established the hospital price transparency rule to help individuals know the cost of a hospital item or service before receiving it.
CMS proposed the price transparency rule in the...
The Colorado House has passed a bill that seeks to prohibit hospitals from pursuing debt collections against patients if the health system does not comply with the CMS hospital price transparency...
The majority of revenue cycle leaders were dissatisfied with aspects of the CMS hospital price transparency rule and expressed doubt about the regulation’s efficacy, according to a KLAS report...
The majority of consumers faced surprise medical bills in 2021 and expressed concern about financial hardships due to outstanding healthcare costs, InstaMed’s 12th annual Trends in Healthcare...
A healthcare technology company has launched an online price transparency tool that allows consumers to compare hospital costs before seeking care.
Turquoise Health’s Price Transparency...
The Workgroup for Electronic Data Interchange (WEDI) expressed concerns to CMS regarding the good faith estimates policy under the No surprises Act and the problems it causes for providers and patients...
The American Hospital Association (AHA) has asked CMS to adjust the good faith estimates policy under the No Surprises Act, citing the accompanying administrative burden and operational inefficiencies...
Only 50 percent of hospitals that offered lumbar spine MRI services were compliant with the CMS hospital price transparency rule, according to a study from Harvey L. Neiman Health Policy...
Less than 20 percent of hospitals are complying with the CMS price transparency rule that went into effect on January 1, 2021, according to a report from PatientRightsAdvocate.org.
The hospital price...
Hospital price transparency requirements aim to unveil healthcare pricing and support a consumer-oriented healthcare industry. However, hospital price transparency compliance is falling short,...
As state lawmakers aim to advance hospital price transparency in Indiana, the state’s largest hospital system is putting a hold on pricing increases.
At an annual public forum on hospital price...
According to a JAMA Network Open study, discounted cash prices for hospital services often cost less than negotiated commercial prices between hospitals and payers. However, not all hospital...
Pricing information publicly disclosed by CMS’ hospital price transparency rule falls short of informing consumers of their charges for many common hospital-based services, a new study published...
Revenue cycle management and healthcare finance priorities shifted during the COVID-19 pandemic, with alternative payment model (APM) adoption taking a backseat to price transparency and other...
A study shows that patients with high deductible plans can save money on out-of-pocket costs by not going through their insurance and paying a reduced cash price.
Hospitals must now publish their...
A study published in JAMA Network Open finds that very few physicians can accurately estimate patient out-of-pocket costs for medication filling.
The study surveyed 371 primary care physicians to...
When delivered outside of a patient’s network, COVID-19 hospitalizations can cost hundreds of thousands of dollars depending on where a patient is a treated.
California was the most expensive...
A new report shows the employers will use payer-specific negotiated rates exposed by hospital price transparency requirements to extract lower reimbursement rates from providers in their...
Hospital price variation is widespread and much more noticeable now that CMS has enforced a price transparency rule, according to a recent report published in The New York Times.
The national news...
CMS will hold off on hospital price transparency noncompliance penalties for the moment, a CMS spokesperson told Bloomberg Law. CMS proposed an increase in penalty amounts for noncompliant hospitals in...
