Prepare to Post Hospital Charges, Rates by Jan. 1
Posted on October 29, 2020
The MHA will host a webinar from 1 to 2:15 p.m. EST Nov. 10 to discuss the Centers for Medicare & Medicaid Services (CMS) Hospital Price Transparency Final Rule. Beginning Jan. 1, hospitals will be required to post online, in a machine-readable format, their standard charges for all items and services provided and payer-specific negotiated rates for 300 “shoppable” services.
Finance leaders have assumed the court was going to strike down the rule or advocates would succeed in delaying it, but the CMS has been clear that it is considering other reporting requirements tied to Medicare reimbursements to encourage hospitals to provide the requested information. Now is the time to plan for and identify the potential compliance concerns with price transparency.
Leading the webinar is Kathy Reep, senior manager with PYA, a healthcare financial consulting firm with more than 300 professionals across offices in the Midwest and South. Reep has more than three decades of experience in Medicare and Medicaid compliance, finance and reimbursement, and managed care.
For more information on the webinar, contact Erin Steward at the MHA.