Becker's Healthcare April 12, 2021
The CMS price transparency rule that took effect Jan. 1 is presenting new competitive opportunities for health systems, according to research released April 9 by actuarial firm Milliman.
The CMS final 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.
Milliman reviewed price transparency postings from 55 health systems in 42 states between Jan. 1 and March 3. It looked at their file formats and the ease of retrieving data, whether they...
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