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Improving Compliance with Hospital Price Transparency Rule: Challenges and Solutions
- Written by: billingparadise
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Just 25% of hospitals are adhering to the Price Transparency Rule The Hospital Price Transparency Rule1, effective January 1, 2021, mandates hospitals to publish a machine-readable file of standard charges for all services and all payers, along with a standard display of prices or a price estimator tool for the 300 most common shoppable services. Out of 2,000 U.S. hospitals examined for compliance with the Hospital Price Transparency Rule 24.5% (489) met all the requirements 75.5% were non-compliant due to incomplete, illegible, or unclearly associated files, hindering patients, purchasers, ...
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