Clock Ticks for Hospitals to Provide Price Transparency
Price transparency remains in the crosshairs for both providers and regulators. On today’s show, Ann Gallagher and Corey Sturm review the latest news regarding the CMS’s Price Transparency Final Rule and discuss what’s next for providers come the Jan. 1, 2021 compliance deadline. They cover lessons learned about implementing price transparency at the state level and steps providers should be taking now to ensure compliance.
This episode features Change Healthcare’s Ann Gallagher, senior product manager of Patient Access, and Corey Sturm, product manager of Connected Consumer Health™ provider solutions.
The backstory on CMS’s Price Transparency Final Rule
Where the regulation stands today
Which states are already implementing price transparency rules
Results of state efforts so far
Whether early efforts have succeeded or struggled, and why
States that might serve as models for other areas of the U.S.
Steps providers need to take to meet the regulation by Jan. 1st
Steps that are more challenging than others
Pitfalls to avoid when ensuring compliance
How the regulation can benefit providers
How providers can use the regulation as a point of differentiation
Recent Harris Poll research that documents why providers should embrace price transparency