Price Transparency – More Than Just a CMS Requirement

Effective January 1, 2019, the Centers for Medicare & Medicaid Services (CMS) requires all hospitals operating within the U.S. to make public via the internet a list of the standard charges for items and services they provide. In this session, we’ll review the CMS requirement and focus on next steps as hospitals develop policies for setting prices and communication strategies that move them closer to the goal of price transparency.

Learning Objectives

Upon completion of this program, participants will be able to:

• Discuss the progression of price transparency, why price transparency is getting so much attention and whether hospital prices really matter to hospitals and consumers
• Recognize and understand the CMS requirement for hospitals to make their standard charges public via the internet
• Describe methodologies hospitals are using to evaluate and set charges that are rational and defensible