Healthcare Finance News September 15, 2020
Meeting the objectives of the final rule will be necessary to ensure compliance by January 1.
Recently, a federal judge upheld the Centers for Medicare and Medicaid Services’ final rule for hospital price transparency, and the implementation date is rapidly approaching on January 1, 2021. Yet many hospitals have not yet begun preparations to align with the new requirements.
There are reasons for that, including the COVID-19 pandemic and the hope that the court would rule in their favor. But now, with only a few short months left, the time has come to consider what the new guidelines require and to work towards a smooth transition.
The final rule, issued in November 2019, requires hospitals, other healthcare providers and insurance...