January 2, 2024
New Pricing Transparency Tool for Hospitals
To empower decision-making for patients, the Centers for Medicare & Medicaid Services (CMS) made new requirements and provided tools for making standard charges for all items and services available to the public. Beginning January 1, 2024, institutions that are licensed as hospitals will be required to update their websites with a link labeled “Price Transparency” that goes directly to a machine-readable digital file.
CMS provides resources and tools to support these new requirements and provides details on enforcement measures for hospitals that do not comply.