Price Transparency: A Work in Progress
Price Transparency: A Work in ProgressMay 2021
In a normal year, the Centers for Medicare & Medicaid Services’ (CMS) sweeping rule mandating that hospitals disclose prices to consumers would be one of the biggest stories in the healthcare sector.
Since the coronavirus pandemic broke out in early 2020, however, the word “normal” has all but dropped from the lexicon. And so, in a nation preoccupied with COVID-19, the price transparency mandate slipped into place on January 1, 2021, with little fanfare beyond health sector trade publications.
A new HealthLeaders survey of healthcare executives looks at the status of the price transparency mandate, how hospitals are responding, and whether consumers are even noticing.
Download now to learn about:
- The top challenge to price transparency compliance for hospitals
- How nearly half of the organizations have prioritized the price transparency mandate
- The key tool a majority of respondents say they're using to communicate price transparency information to patients