Advisory Board November 18, 2024
According to a new report from HHS’ Office of Inspector General (OIG), there is still a “notable level” of hospital noncompliance with federal price transparency requirements even three years after they first went into effect — something OIG said is due to inadequate oversight from regulators.
The price transparency trifecta: 5 takeaways from our expert panel
Background
In 2021, CMS began enforcing a federal price transparency rule that requires hospitals to virtually post “a machine-readable file … that includes all standard charges (including gross charges, discounted cash prices, payer-specific negotiated charges, and de-identified minimum and maximum negotiated charges) for all hospital items and services.”
Under the rule, hospitals are also required to publicly post “discounted cash prices, payer-specific negotiated charges,...
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