Here are three things to know about the new law.
1. The new law requires hospitals to post self-pay prices online for the 50 most used diagnosis-related group codes and the 25 most used current procedural technology billing codes, according to the Denver Business Journal.
2. Hospitals must post the prices on their websites. If a hospital does not have a website, it must provide a one-page document with the price estimates to patients, a spokeswoman for the Colorado Hospital Association told Colorado Public Radio.
3. The new law requires physician offices to post the prices for their 15 most common procedures, according to the Denver Business Journal.
More articles on healthcare finance:
Maine hospital attributes Medicare penalty to employee coding errors
Hospitals face $1.6B in Medicare payment cuts after judge dismisses lawsuit: 6 things to know
Alabama hospital delays closure
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
