3 questions for hospital leaders to answer before CMS price transparency
from Becker's Hospital CFO Report
In November 2019, CMS finalized a rule that will require hospitals to disclose the prices of "shoppable services" and the rates they negotiate with insurers beginning in 2021. Along with listing shoppable services, hospitals will be required to disclose the standard charges for supplies, facility fees and professional charges for employed physicians and other practitioners. For all these services, hospitals must list the discounted cash price, payer-specific negotiated charges and the highest and lowest amount that would be charged for a service.
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