CMS’ Verma Puts Pressure on Hospitals to Boost Transparency

from tHEORetically Speaking: The HealthEconomics.Com Blog at http://bit.ly/2VU6rXr on January 14, 2019 at 03:20PM

Centers for Medicare and Medicaid Services (CMS) Administrator Seema Verma is urging hospitals to take proactive measures to bolster transparency on health care prices following concerns about whether chargemasters were creating more confusion among patients, RevCycleIntelligence reports.

The agency earlier this year kicked off a new measure which requires all hospitals post chargemaster prices for health care services on their website, but Verma recently told hospitals that they need not stop there.

“While many hospital CEOs have released statements of support, some [have] voiced concerns that making chargemaster information available to the public could be confusing for consumers,” she said during a media call Jan. 10. “So, let me be clear: hospitals don’t have to wait for us to go further in helping their patients understand what care will cost.”

Click here to read the full report on RevCycleIntelligence.

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