Forbes August 19, 2024
Chandler Barron is president of Parathon, which provides hospitals and health systems tools to collect all the revenue they have earned.
For hospitals, price transparency is increasingly more challenging.
Since CMS further tightened the rule in November 2023, the risk for substantial fines is now greater than ever before. As new changes are earmarked for Jan. 1, 2025, hospitals face an additional burden to comply or face public shaming and risk significant civil monetary penalties.
Since the launch of the price transparency effort in 2021, hospitals have fallen into one of two categories: those that fulfilled the absolute minimum requirements or those that relied on outside help to develop their machine-readable file and list of shoppable services. The unfortunate reality...
Today's Sponsors
Today's Sponsor