tci Medicare Compliance & Reimbursement - 2020 Issue Q1

Review 5 Steps to Prepare for Hospital-Based Price Transparency Requirements

Tip: Coordinate across departments for informed decision making. Time flies when you’re caring for patients and adapting your procedures to new policies in the here and now. But changes like those in the hospital price transparency rule are an immense undertaking and likely will require months of preparation to avoid the censure of federal enforcement. Reminder: The Centers for Medicare & Medicaid Services (CMS) issued a final rule and a proposed rule in the Federal Register last November, requiring hospitals to list the charges of 300 items and services online for patients — starting Jan. 1, 2021 (see...

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