The Centers for Medicare & Medicaid Services’ Hospital Price Transparency final rule, issued in November 2019, went into effect on January 1, 2021, and requires hospitals to provide an out-of-pocket price estimator tool or information on 300 “shoppable” services for patients as well as disclose their privately negotiated rates with health insurers, discounted cash prices and gross charges. The agency will monitor and enforce compliance, and NHHA continues to work with member hospitals and health systems to ensure consumers have the information needed to make informed decisions regarding their health care and that of their loved ones.
