Hospitals with fewer beds were less likely to comply with CMS price transparency requirements, a study published Sept. 9 in ClinicoEconomics and Outcomes Research found.
The study, led by researchers from Northwestern University's Feinberg School of Medicine in Chicago, involved 6,214 hospitals in the U.S. Researchers used data from the American Hospital Association Annual Survey to identify hospital characteristics and data from Turquoise Health to gather cash prices of common procedures and reasons for visits.
The researchers found hospitals with fewer beds were less likely to be compliant with transparency requirements. Additionally, hospitals in the South and West were less likely to be compliant than hospitals in the Midwest and Northeast.
The authors wrote that the study "shines light on the poor state of price transparency." No billable event included in the study had a compliance rate of 50 percent or higher for price transparency.
Read the full study here.