IHA is hosting a webinar on the Centers for Medicare & Medicaid Services’ (CMS) price transparency final rule effective Jan. 1, 2021 that requires hospitals to make public two lists of payer-specific negotiated prices. One list is a machine-readable file of all items and services provided by the hospital with five different types of prices listed, and the other is a consumer-friendly list of 300 “shoppable” services with prices. An internet-based price estimator tool may meet the requirement for the “shoppable” service list. See IHA’s memo for more details.
The webinar will include highlights of the requirements, operational and implementation tips, a legal perspective for compliance issues and a hospital panel. Although there is a lawsuit to prohibit implementation of the rule, and IHA signed on to a letter asking for a delay in implementation of the rule, IHA urges hospitals to begin working toward compliance given the final rule’s complexity.
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