USA Today urges next COVID relief package to require health price transparency
The public demand for hospital price transparency (revealing payer contracted rates) has evolved from a groundswell to a tsunami.
In today's issue of USA Today, the opinion writers say,
As U.S. lawmakers shape the next COVID-19 economic recovery legislation, they need to make systemwide health care price transparency part of the package. By requiring hospitals to post real cash prices and insurers to disclose secret, negotiated reimbursement rates before care is delivered, policymakers can not only help patients and boost businesses, but also provide an unprecedented economic stimulus.
Price transparency is not going way. It's time to plan a course of action to meet all of the new price transparency requirements that go into effect on January 1, 2021. We, Hospital Pricing Specialists, are experts in this field and have a cost-effective, outsourced solution.
If you're an Epic client, we can cost effectively transform Epic's data extract into the required 300 Shoppables Consumer Application and the full download file of contracted rates for every inpatient/outpatient service and their ancillary charges.
I would encourage you to set up a 15-minute call to find out how we can help by clicking here [SCHEDULE CALL].
In our short call, you will learn how your provider organization can cost effectively outsource all of your CMS price transparency requirements to Hospital Pricing Specialists to meet the new rules going into effect in just over 6 months [1/1/21].