Do Patients Know the Price?
Consumers now have better access to prices to shop for care.
![Do Patients Know the Price?](/content/images/size/w1200/2023/04/COTW_202303_v2_chart1-1.png)
![](https://www.correlations-now.org/content/images/2023/04/COTW_202303_v2_chart1.png)
- Compliance substantially improved from 2021 to 2022, as CMS fines also increased — from $100,000 annually to over $2 million per hospital in 2022.
- As of January 2023, nearly 500 warning notices and over 230 requests for corrective action plans were issued.
- Greater competition through transparency may unlock savings.
- Concerned about a hospital’s price transparency? See steps on the CMS PT Complaint Intake Submission Form.
Sources
HealthAffairs. Hospital Price Transparency: Progress And Commitment To Achieving Its Potential. Accessed April 13, 2023.