MedCity News January 4, 2024
Hospitals markedly improved their compliance with price transparency regulations in 2023, according to a new report. It found that more than 90% of hospitals have posted a machine-readable file containing gross charges, negotiated charges and cash prices for the services and items they provide.
Hospitals seriously improved their compliance with price transparency regulations in 2023, according to a report released Thursday by Turquoise Health.
CMS began enforcing its price transparency rule on the first day of 2021. The law requires hospitals to post their gross charges, payer-specific negotiated charges, de-identified minimum negotiated charges, de-identified maximum negotiated charges and cash prices on their websites in a machine-readable file (MRF). It also mandates that hospitals must publish pricing for the 300 most...
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