Hospitals get 1st CMS warning on price transparency failure Pre Becker's

FINALLY, CMS MAY HELP THE HEALTHCARE CONSUMER BREAK OUT OF THE HEALTHCARE PRICING PRISON

HEALTHCARE PROVIDERS ARE CLEARLY NOT: "CONSUMER FRIENDLY"

CMS has started issuing its first round of warning letters to hospitals not in compliance with the hospital price disclosure rule, a CMS spokesperson confirmed to Becker's May 5. 

The CMS final rule, which took effect Jan 1., aims to make hospital pricing information readily available to patients to compare costs and make more informed healthcare decisions. To aid with this, hospitals in the U.S. are required to post both a machine-readable file with the negotiated rates for all items and services and display the prices of 300 shoppable services in a consumer-friendly format.