61% of hospitals say future compliance with price transparency will impact financial processes: HFMA poll
An HFMA-Strata survey found 61% of hospitals and health systems are revamping financial processes in light of price transparency.
CMS is preparing to make noncompliance with price transparency requirements much more expensive
A hospital with at least 550 beds would owe more than $2 million in penalties for a year of noncompliance with new price transparency requirements, according to a proposed rule.
Healthcare News of Note: Few consumers are using publicly posted negotiated prices to comparison shop for healthcare services
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Little use of price transparency information to comparison shop for healthcare services, the nursing shortage being felt throughout the U.S., and cash payers being charged more for the same services than patients with insurance.
Healthcare News of Note: More healthcare organizations mandating that employees receive the COVID-19 vaccine
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: COVID-19 vaccine mandates become more popular among healthcare organizations, hospitals continue to skirt price transparency rules, and healthcare workers get help in coping with trauma.
Healthcare News of Note: More ransomware attacks mean hospitals and health systems will likely have to increase investment in IT security
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: A jump in ransomware attacks may move hospitals to increase IT security, surprise-billing concerns prevent some from seeking the COVID-19 vaccine, and physician shortages spur plan to allow more international candidates.
News briefs: In a win for hospitals, CMS removes a rate-reporting requirement from the Medicare FY22 IPPS
Recent healthcare finance and policy news included the release of the proposed rule for the FY22 Inpatient Prospective Payment System.
Hospitals not adhering to CMS’s cost transparency rule may eventually find their public images tarnished by their noncompliance
Hospitals could lose patients and their good reputations if CMS makes public the names of those noncompliant with the latest price transparency rule.
Healthcare News of Note: Hospitals ignoring federal price transparency rules get warning letters from CMS
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: CMS letters warn hospitals to abide by price transparency rules, fewer mental health services are available during the pandemic and the number of private-practice physicians undergoes a historic shift.
Healthcare News of Note: CMS offers new guidance on making healthcare price transparency information searchable
CMS guidance on making price transparency information searchable, a correlation between job loss and nurse suicides and using incentives to move hospitals away from just-in-time PPE inventories are all topics covered in this week’s Healthcare News of Note.
Congress seeks stepped-up hospital price transparency enforcement as compliance issues continue to emerge
The bipartisan leadership of a congressional committee is urging HHS to enforce price transparency rules more stringently.