Whereas most suppliers say they agree with the intent of the value transparency regulation, smaller hospitals are struggling to assemble the info and current them in a helpful format.
Hospitals have been required as of Jan. 1 to put up machine-readable recordsdata of the charges they negotiate with payers, gross prices and discounted money costs, which the Facilities for Medicare and Medicaid Providers hopes will curb higher-than-average costs.
CMS just lately despatched a second spherical of warning letters to hospitals that have not disclosed the charges of 300 “shoppable companies” in a consumer-friendly type, threatening a most yearly tremendous of greater than $2 million for bigger hospitals and nearly $110,000 for these with fewer than 30 beds.
The earliest CMS would difficulty any fines could be late November or early December, hospital officers count on. Most of these hospitals are nonetheless within the corrective-action stage and have 45 days to