CMS announces first penalties under hospital price transparency rule
The Centers for Medicare & Medicaid Services yesterday announced the first civil monetary penalties under its hospital price transparency rule, fining two hospitals for alleged failure to make public their list of standard charges.
The rule took effect Jan. 1, 2021. It requires hospitals to disclose the rates they privately negotiate with health plans, as well as their self-pay and charge master rates, and provide an online patient cost estimator tool or negotiated rate information for at least 300 “shoppable” services, or face penalties ranging from $300 to $5,500 per day, depending on the hospital’s size.
Related News Articles
Perspective
Hospitals hold an extraordinary place in our society by offering comfort and caring to all who walk through their doors, regardless of ability to pay.While the…
Headline
The Food and Drug Administration May 9 released final guidance clarifying the definition of “remanufacturing” for reusable medical devices needing…
Headline
The AHA May 2 released a new report highlighting how hospitals and health systems continue to experience significant financial pressures that challenge their…
Headline
The Federal Trade Commission April 23 voted 3-2 to issue a final rule that would ban as an unfair method of competition contractual terms that prohibit workers…
Headline
The Department of Health & Human Services’ Office for Civil Rights April 22 released a final rule prohibiting entities regulated by the HIPAA Privacy Rule…
Headline
CMS March 28 released an updated online validator tool that hospitals can use to test price transparency machine-readable files against the new format and data…