HealthLeaders Media November 22, 2022
CMS recently released sample formats for hospital price transparency files to help revenue cycle leaders comply with the requirement.
As price transparency requirements push forward and with a wide lack of adoption from hospitals, CMS is trying to help revenue cycle leaders streamline their processes by offering sample formats.
CMS is offering three voluntary sample formats (wide, tall, and plain) that hospitals may use to meet the federal requirement to make certain standard charges publicly available through a machine-readable file.
At the same time, CMS also posted a sample data dictionary for the wide and tall formats.
While some organizations already have systems in place to adhere to price transparency requirements, opportunities still exist to adjust outdated revenue cycle processes,...