A Look at the Final Hospital Price Transparency Requirements

The federal government has made pricing transparency in healthcare a priority, as evidenced by the Executive Order signed by President Trump in June 2019. To comply with this Executive Order, the Centers for Medicare & Medicaid Services (CMS) has finalized policies for CY 2021 that follow directives outlined by the president with the stated goal of increasing the availability of meaningful price and quality information for patients. Join us as we review the pricing transparency requirements outlined in the final rule and discuss how these requirements will impact hospitals in 2021 and beyond.

Learning Objectives:

• Review a brief history of the pricing transparency initiatives and what the future holds for these initiatives
• Examine the requirements and the penalties for noncompliance outlined in the final rule
• Discuss the potential impacts of the final rule on hospitals
• Discuss best practice strategies for compliance with the requirements