New Report on Hospital Regulatory Compliance: A Price Transparency Update
Practices and hospitals are starting to get called out for falling short on price transparency standards. Here’s how to avoid turning up on any nasty lists…
What
Turquoise Health, a startup that offers a search engine to access price transparency data, published a report about hospitals’ compliance with a federal regulation that requires the public display of charges for hospital services. In particular, the report outlines the new machine-readable file (MRF) formatting requirements that are designed to improve how hospitals display their standard charge information. The report also makes clear that many more hospitals are posting MRFs than in previous years. As of January 1, 2024, CMS may choose to publish when hospitals are out of compliance.
