Hospital Financial Price Transparency

New price transparency regulatory considerations for hospitals

By Lesley Pink Austin Barrington, David Lewis, John Pickering, and Mike Hamachek

As of January 1, 2021, regulations require U.S. hospitals to post to their websites all of their negotiated payment rates in one sprawling machine-readable file, although many hospitals may not meet the initial deadline. The aim of the regulation is to increase price transparency with the goal that such transparency will lead to increased competition, improved customer choice, and ultimately lower prices.

There will be challenges, though, to extract useful competitive information from the files.

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ASSESSMENT:

This article by Milliman professionals examines those challenges. 

Your thoughts are appreciated.

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Textbook: https://www.amazon.com/Financial-Management-Strategies-Healthcare-Organizations/dp/1466558733/ref=sr_1_3?ie=UTF8&qid=1380743521&sr=8-3&keywords=david+marcinko

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