Becker's Healthcare July 2, 2024
The new CMS price transparency rule went into effect July 1, requiring hospitals to report price information in a standard machine-readable format, according to the American Hospital Association.
The agency finalized changes to the hospital price transparency requirements as part of the 2024 Hospital Outpatient Prospective Payment System and ASC rule. CMS hopes the new file format requirements will make it easier for the public to learn about hospital charges.
Hospitals must include the price transparency information as a single file intended to be read by machines to process standard charge information. Hospitals are required to conform to a standard CMS template layout with data specifications and data dictionary.
The final rule also mandates hospitals put a “footer” at the...
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