Shoppable Services View
The required 300 shoppable services and associated standard charges.
The hospital price transparency mandate presents new regulations and new challenges. Vitalware Hospital Price Index (HPI) will help you meet them. At the end of 2019, President Trump issued an executive order expanding on the previous price transparency measures for healthcare providers. The new mandate goes into effect on January 1, 2021, with a steep $300 per day penalty attached for non-compliance.
Helping Hospitals Comply With Price Transparency Regulation
Hospital Price Index is Vitalware's solution to help hospitals comply with price transparency regulation. Already in effect, the mandate has been significantly expanded, and the new requirements went into effect January 1, 2021—with stiff penalties possible for noncompliance. Vitalware HPI can help you face the new price transparency regulations with confidence.
REQUEST A QUOTEThe industry has placed significant focus on the price transparency requirements for "shoppable items", causing many hospitals and vendors to look past the "all services" portion of the mandate. The updated regulation requires the public posting of your chargemaster, shoppable services, and all services. Hospital Price Index provides all three distinct, but necessary, views.
While other solutions only get you part way, we'll build you three distinct views to help you fully comply with the mandate.
The required 300 shoppable services and associated standard charges.
All items and services performed, including the required "standard charges."
Reviewing all the requirements around price transparency can be daunting. Download our quick overview of how HPI gets you in compliance without the stress.
The number one goal with developing Hospital Price Index (HPI) was to help hospitals fully comply with the price transparency mandate, and to do it with less effort and stress than it’d take to do it on their own. With the compliance foundation in place, we are now including additional value around patient education and price benchmarking your newly created service packages.
In 2019, President Trump issued an executive order expanding on the previous price transparency measures for healthcare providers. In this article, we'll review our understanding of the mandate and provide go-forward suggestions based on the intent of the law.
Vitalware Hospital Price Index can help you face the new price transparency regulations with confidence.
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Defined as five types of charges:
This includes: