CMS Final Rule Mandates ‘Standard Machine-Readable’ Price Information Reports

HealthLeaders Media July 8, 2024
Jasmyne Ray

Hospitals must add a footer at the bottom of their homepage with a link to the report.

KEY TAKEAWAYS

– Going forward, hospitals must report price information in a “standard machine-readable” format so that patients can better understand hospital charges.

Hospitals are now required to report price information in a “standard machine-readable” format, with data specification and a data dictionary.

The requirement is part of a price transparency rule enacted this week by the Centers for Medicare & Medicaid Services (CMS).

The new format, designed to make it easier for patients to understand hospital charges, is part of the 2024 Hospital Outpatient Prospective Payment System and ASC rule. Additionally, the rule mandates...

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