Since Jan. 1, hospitals should submit a listing of their commonplace fees in a machine-readable format on their web site and replace the knowledge not less than yearly, however many consultants have mentioned that these numbers are meaningless to customers.
Verma: Chargemaster Rule Is ‘First Step’ To Price Transparency
CMS Administrator Seema Verma mentioned Thursday that the company is working to enhance a brand new rule requiring hospitals to submit chargemaster costs on their web sites after consultants mentioned the info would not assist customers. Acknowledging that chargemaster costs aren’t correct out-of-pocket prices for insured sufferers, Verma maintained the requirement is an “essential first step” to extend worth transparency. She mentioned the company is “working towards” addressing the considerations but in addition mentioned “there isn’t any purpose hospitals cannot do extra.” (Castellucci, 1/10)
In different hospital information —
Community Health Systems Falls Short Of 2018 Hospital Divestiture Target
Group Well being Methods generated $400 million in gross proceeds on hospital divestitures in 2018, lower than half of its $1.three billion goal, leaders from the hospital chain mentioned Wednesday. Thomas Aaron, the Franklin, Tenn.-based hospital chain’s CFO, confirmed earlier than an viewers on the J.P. Morgan Healthcare Convention on Wednesday afternoon that the corporate fell wanting its 2018 aim by about $900 million. The hospital chain had repeated the aim on a number of events final 12 months, together with in its third quarter outcomes. (Bannow, 1/10)
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