Healthcare Finance News June 22, 2021
The cost to disclose negotiated rates could be greater than the $300 a day fines, the JAMA study says.
Recent studies published in the Journal of the American Medical Association and the American Journal of Managed Care show that most of the hospitals sampled are not complying with the January 1 mandate to post their negotiated rates with payers.
JAMA’s report analyzed 200 samples. First they took a look at a random sample of 100 hospitals and then also analyzed the 100 hospitals with the highest grossing revenue in 2017.
Of 100 random hospitals, 83 were non-compliant with at least one major requirement, the authors of the June 14 report said. Only 33 reported payer-specific negotiated rates and 30...
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