October 20, 2020
Hospital Price Transparency
The Centers for Medicare & Medicaid Services (CMS) issued the Hospital Price Transparency Final Rule in November 2019. Hospital price transparency helps Americans know the cost of a hospital item or service before receiving it. Starting January 1, 2021, each hospital operating in the United States will be required to provide clear, accessible pricing information online about the items and services they provide in two ways: (1) a comprehensive machine-readable file with all items and services, and (2) a display of shoppable services in a consumer-friendly format.
Please refer to the following CMS resources as well as the CMS Hospital Price Transparency webpage for additional guidance related to the final rule.
- December 3, 2019 Hospital Price Transparency Final Rule Call
- Hospital Price Transparency Frequently Asked Questions (FAQs)
- 8 Steps to a Machine-Readable File of All Items & Services
- 10 Steps to Making Public Standard Charges for Shoppable Services
- Hospital Price Transparency Requirements Quick Reference Checklist
- November 27, 2019, Federal Register
- Fact Sheet