Price Transparency
Hospitals and health systems are committed to empowering patients and their families with all the information they need to live their healthiest lives. This includes ensuring they have access to accurate and timely price information when seeking care. Hospitals and health systems have made important progress in adopting federal price transparency requirements that require they both publicly post machine-readable files of a wide range of rate information and provide more consumer-friendly displays of pricing information for at least 300 shoppable services.
In this podcast from AHA鈥檚 The Value Initiative, UCHealth in Aurora, Colo., shares how it uses digital tools to give patients an individualized out-pocket cost estimate.
Tuesday, November 17, 2020
Monday, November 16, 2020
The Centers for Medicare & Medicaid Services鈥 hospital price transparency final rule is effective Jan. 1, 2021. This rule, among other things, requires hospitals to disclose their privately negotiated rates with health insurers, discounted cash prices and gross charges.
The Centers for Medicare & Medicaid Services鈥 hospital price transparency final rule is effective Jan. 1, 2021. This rule, among other things, requires hospitals to disclose their privately negotiated rates with health insurers, discounted cash prices and gross charges.
Issue
The Centers for Medicare & Medicaid Services鈥 (CMS) hospital price transparency final rule, issued Nov. 14, 2019, will require hospitals to provide an out-of-pocket price estimator tool or information on 300 鈥渟hoppable鈥 services for patients as well as disclose their privately鈥
The Departments of Health and Human Services, Treasury and Labor today released a final rule imposing new transparency requirements on non-grandfathered group health plans and issuers of non-grandfathered health insurance coverage in the individual and group markets.
The Departments of Health and Human Services, Treasury and Labor released its transparency-in-coverage final rule imposing new requirements upon group health plans and issuers of health insurance coverage in the individual and group markets.
UCHealth 鈥 Aurora, Colo. Innovative
Tools Help Consumers Estimate Out-of-pocket Expenses
UCHealth is an innovator in providing individualized outof- pocket cost estimates that are specific to patients鈥 own insurance situations via its online patient portal, mobile app and through a dedicated call鈥
n 2017, Memorial Healthcare System (MHS) launched an online tool for prospective patients to determine their out-ofpocket costs in advance of scheduling a procedure.