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Tags Posts tagged with "Price Transparency"

Price Transparency

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On August 11, 2021, from 2:00 pm–3:30 pm, the Centers for Medicare and Medicaid Services (CMS) will host a webinar on Price Transparency focusing on how hospitals can meet the requirements that were included in the Hospital Price Transparency final rule for posting standard charge information in the comprehensive machine-readable file.

Effective January 1, 2021, each hospital operating in the United States is now required to provide publicly accessible standard charge information online about the items and services they provide in two ways:

  • Comprehensive machine-readable file with all items and services
  • Display of 300 shoppable services in a consumer-friendly format

CMS will also review the document, “8 Steps to a Machine-Readable File of All Items & Services,” and highlight specific good and bad examples of hospital compliance.

Registrants should use this link to register in advance of this webinar:
Meeting ID: 160 926 0288
Passcode: 971693
After registering, you will receive a confirmation email containing information about joining the webinar. 

US: +1 669 254 5252 or +1 646 828 7666 or 833 568 8864 (Toll Free)
Webinar ID: 160 926 0288
Passcode: 971693

The accompanying presentation will be available here approximately one week prior to the webinar. For additional information regarding hospital price transparency, please review the information on our website including the following resources.

Feedback and questions regarding the Hospital Price Transparency Final Rule can be sent here.

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The Centers for Medicare and Medicaid Services (CMS) continues to remind hospitals about the final rule that established requirements for hospitals to establish, update, and make public a list of their standard charges for the items and services that they provide. The goal for these actions is to promote price transparency in healthcare and public access to hospital standard charges. This requirement becomes effective on January 1, 2021. The pricing information can be provided in two ways:

  • Comprehensive machine-readable file with all items and services
  • Display of shoppable services in a consumer-friendly format

CMS has developed the following resources for providers to utilize to prepare and ensure they are compliant: