Becker's Healthcare June 22, 2021
Just one of the top 20 hospitals ranked by the U.S. News & World Report displayed minimum negotiated charges on its website, suggesting that many hospitals still are not fully in compliance with the new CMS price disclosure rule, according to a study published June 21 in The American Journal of Managed Care.
The CMS final rule, which took effect Jan 1., aims to make hospital pricing information readily available to patients to compare costs and make more informed healthcare decisions. To aid with this, hospitals in the U.S. are required to post both a machine-readable file with the negotiated rates for all items and services and display the prices of 300 shoppable services in a consumer-friendly format.
For the new study, researchers...