HealthExec March 5, 2024
Pricing transparency report cards for 2024 are out, and the grades for U.S. hospitals have dipped for the first time since the federal government reset the standards in 2021, at least according to one group’s accounting.
The latest semi-annual hospital price transparency report from nonprofit Patient Rights Advocate shows 34.5% of hospitals are compliant with the federal Hospital Price Transparency rule, down from 36% last summer. This breaks a steady streak of improvements dating back to the first of the nonprofit’s analyses, published in July 2021, in which fewer than 6% of hospitals made the grade.
“With full transparency, consumers can benefit from competition to make informed decisions, protect from overcharges, billing errors, and fraud, and lower their costs,”...
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