Media Guidance and Other New Resources Available to Prepare for Hospital Price Transparency Rule That Takes Effect Jan. 1

At A Glance

The hospital price transparency rule takes effect Jan. 1, 2021, requiring hospitals and health systems to disclose all standard charges, as defined by the Centers for Medicare & Medicaid Services (CMS) to mean privately negotiated rates with insurers, gross charges (a.k.a., “list prices”) and discounted cash prices. Hospitals also will be required to provide an out-of-pocket price estimator tool or negotiated rate information on 300 “shoppable” services for patients.
 

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