In proposed regulations, CMS seeks to strengthen hospital price transparency requirements
Hospital price transparency regulations are undergoing changes heading into their fourth year as CMS seeks to step up enforcement while making compliance more straightforward. As part of the 2024 proposed rule for hospital outpatient payments, CMS is adding to the requirement for hospitals to maintain a machine-readable file of their charges for services. In addition,…
Annual Conference: For hospitals, effective chargemaster management can bolster revenue capture
Amid the changes and challenges buffeting the hospital and health system sector, chargemaster management remains a key step in protecting revenue, according to a presentation this week at HFMA’s Annual Conference. At University of New Mexico Hospital (UNMH), a recent chargemaster initiative began with a thorough review, said Holly Cruz, senior financial analyst with University…
Panacea provides innovative chargemaster, transparent pricing, auditing, compliance and revenue integrity solutions
One company’s software development provides both consultants and clients with solutions for optimum chargemaster, complying with CMS price transparency rules, identifying lost and new incremental revenue and more.
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.
Deconstructing the CMS price transparency rule
By Jan. 1, 2021, hospitals and health systems must create and make public a list of standard charges for the top items and services they provide, per CMS. An executive discusses the challenges and opportunities this presents in this overview.
Hospital groups urge court rejection of ‘unlawful’ charge transparency rule
Hospital advocates highlighted a range of statutory and cost concerns in amicus briefs to an appeals court considering a CMS price transparency requirement.
Hard truths about the state of the healthcare industry
HFMA's president and CEO, Joseph Fifer, provides a straightforward assessment of likely changes to come in healthcare in the 2020s and what healthcare executives should do to to prepare.
Revenue Cycle Strategist December 2019
The December 2019 issue of Revenue Cycle Strategist features articles on building a chargemaster, new coding changes for 2020, revenue integrity, evaluating and management charges and patient financing.
Big divergence nationally found among hospitals both in billed charges and amounts paid
A national consultancy found large disparities in what hospitals charge and in the revenue they garner for most common services.
Bipartisan policy group aims to slash hospital budgets
A group of policy advisers, researchersa nd politicians are urging a range of measures to cut spending on hospitals.