Becker's Healthcare June 23, 2021
Although CMS’ price transparency rule took effect Jan. 1, several recent studies reveal a low compliance rate from hospitals across the U.S.
The price transparency rule aims to make hospital pricing information readily available to patients to compare costs and make more informed healthcare decisions. To aid with this, hospitals in the U.S. are required to post both a machine-readable file with the negotiated rates for all items and services and display the prices of 300 shoppable services in a consumer-friendly format.
Here is a breakdown of five studies that showcase compliance from hospitals across the U.S.:
1. A look at compliance rates from U.S. News’ top 20 honor roll hospitals. A study published in the The American Journal of Managed Care found that just one...