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A recent report found that  94 percent of hospitals aren’t in compliance with the CMS’s Hospital Price Transparency final rule. Perhaps your hospital is one of them. Many of the hospitals featured in the report had published some pricing data, but did not meet all the rule’s requirements.  This left them labeled “noncompliant.” If you’re…

The Hospital Price Transparency Rule represents an important step toward fairer and more transparent pricing in the American healthcare system. More than seven months after this rule officially took effect, a recent survey of 1000 providers in 27 states found that over two-thirds of those hospitals were far from meeting the rule’s requirements, but this…

For hospitals and hospital groups, the stakes for complying with the CMS’s Hospital Price Transparency Rule are getting higher. While current yearly maximum penalties for noncompliance are just $109,500, a new proposal from the Biden Administration could push them up to $2 million. Our data can help hospitals and hospital groups avoid such penalties and…

The CMS’s final Hospital Price Transparency Rule officially took effect on January 1, but as of February, fully 40 percent of hospitals weren’t compliant with the rule’s requirement to publish prices in a consumer-friendly format, and 52 percent weren’t compliant with the machine-readable format requirement, per consultancy firm Guidehouse. That’s not good for hospitals. In…

At Healthcare Data Analytics, we’re committed to making sure the CMS’s hospital price transparency rule leads to actual price transparency in the US healthcare system.  But in conversations with healthcare providers and others, we’ve discovered that even industry insiders aren’t clear on what the rule requires and how it differs from earlier iterations. In this…

Michael Woodrow launched Healthcare Data Analytics last year with the goal of ensuring that the data that hospitals publish to comply with the new Hospital Price Transparency Rule leads to actual price transparency in the healthcare marketplace. In this Q&A, Michael provides insight into why he is tackling this challenge and what he hopes Healthcare…

The majority of American adults can’t afford an unexpected $400 expense, according to research from the Federal Reserve. That’s troubling, given that the price of a hospital service can vary by $400 or more from hospital to hospital – with no visibility into why. That lack of transparency was the driving force behind the Hospital…

The US Federal Government has demonstrated serious interest in price transparency in the healthcare sector. The most recent example is the new rule for hospital pricing, as promulgated by the Centers for Medicare and Medicaid Services (CMS) Federal Regulation 45 CFR Part 180 subchapter E. This new Regulation has received… Wait for it… Bi-partisan support.…