How a health system prepared to comply with CMS’s new price transparency rule
The efforts of one health system to meet state and federal price transparency regulations shows the benefit of integrating transparency efforts into a broader organizational strategy.
Healthcare News of Note: Xavier Becerra likely to be confirmed as next U.S. Department of Health and Human Services secretary
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles, including information on the likely confirmation of Xavier Becerra as HHS secretary, which specialists are seeing an uptick in patients and lingering health issues from COVID-19.
Prospective HHS secretary: ‘We will do robust enforcement to make sure that price transparency is there for all Americans’
Xavier Becerra, the nominee to be secretary of Health and Human Services in the Biden administration, said transparency is a vital step in addressing the issue of healthcare prices.
RAND report finds regulating hospital prices would be the most effective way to reduce healthcare spending, but are the proposals viable?
The American Hospital Association had a negative reaction to study findings showing that regulation of hospital prices would be the most effective way to reduce prices paid by commercial insurers.
Report: Large sampling reveals 30% of hospitals haven’t complied with any aspect of the new price transparency requirements
Hospitals have had an easier time posting the required price information for consumer-friendly shoppable services than for all the services in their chargemaster, according to a large survey.
Healthcare News of Note: Pandemic could lead to deceleration of U.S. annual health spending
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles, including why the pandemic may cause health spending to decelerate, a look at how most consumers are hit with large bills after just one healthcare visit and more insights on the toll of COVID-19 on healthcare workers.
Going beyond price transparency compliance, patient payment in a time of COVID, and medical device security
Ogi Kwon of R1RCM discusses going beyond CMS price transparency compliance and toward a better patient experience. Chris Dunkerly and Doug Folsom from our sponsor TRIMEDX talk about about medical device cybersecurity. Five ways to strengthen patient relationships with sponsor CareCredit.
News Briefs: CMS says it plans aggressive price transparency enforcement
CMS has notified hospitals that they should expect aggressive enforcement of new price transparency rules, including via audits that were slated to start in January.
Post-election Washington policy outlook on health policy priorities
HFMA's Chad Mulvany speculates on health policy priorities and changes in the next 24 months, assuming we continue to have a divided government and President-elect Biden's campaign survives President Trump's many legal challenges about state vote counts.
Price transparency: the next chapter
HFMA President and CEO Joe Fifer discusses the latest developments in the societal movement toward full price transparency in healthcare.