The rule, which took effect Jan. 1, aims to save Americans money by allowing them to price shop for healthcare services. It requires hospitals to post a machine-readable file with the negotiated rates for all items and services and display the prices of 300 shoppable services in a consumer-friendly format.
Researchers studied two groups of hospitals: 100 randomly sampled hospitals and the 100 hospitals with the highest revenues in 2017.
Of the 100 randomly sampled hospitals, 83 percent failed to comply with at least one of the rule’s requirements. A little more than 50 percent of the hospitals had a cost estimator tool, but they all required patients to input their personal health information to access it.
Of the 100 top-grossing hospitals, 75 percent failed to comply with at least one of the rule’s requirements, and 86 percent offered a price estimator tool.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
