fbpx

< Back to Thought Leadership

New Hospital Price Transparency Policy Goes into Effect January 1, 2019

In case you are not aware, the Centers for Medicare and Medicaid Services (CMS)’s new hospital price transparency policy goes into effect January 1, 2019. By that date, hospitals must make available a list of their current standard charges via the internet in a machine-readable format and update this information at least annually, or more often as appropriate. This could be in the form of the chargemaster itself or another form of the hospital’s choice, as long as the information is in machine-readable format.

The link below (CMS FAQ) includes more information about this requirement, including confirmation that the requirements apply to all items and services provided by the hospital. Furthermore, CMS stresses that no hospitals are exempt from this federal mandate, even if the hospital participates in a state online price transparency initiative.

Click here to learn more.

 

If you have questions or would like to discuss, please contact Scott Treida (streida@blueandco.com) or Michael Alessandrini (malessandrini@blueandco.com).

Hospital Price Transparency: What’s New in 2024 and Beyond

The Centers for Medicare & Medicaid Services (CMS) has introduced significant changes to the requirements for hospital price transparency. The aim is to enhance pricing transparency and ensure compliance with […]

Learn More
building and using insurance reserves

Building and Using Insurance Reserves for Sustainability

By Annmarie Novotney, CPA, Director at Blue & Co. Not-for-profit organizations have been dealing with changing circumstances on many fronts over the last five years. Part of this changing landscape […]

Learn More

Staffing Level Final Rule for Nursing Homes

On April 22, Center for Medicare and Medicaid Services (CMS) released the final rule on minimum staffing level requirements for nursing homes. This rule aims to improve quality care within […]

Learn More