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CENTERS FOR MEDICARE &
MEDICAID SERVICES (CMS)
Special
Edition – Friday, December 18, 2020
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Monitoring for Hospital Price Transparency
Hospital Price Transparency requirements go
into effect January 1, 2021. CMS plans to audit a sample of hospitals
for compliance starting in January, in addition to investigating complaints that are submitted to CMS and
reviewing analyses of non-compliance, and hospitals may face civil monetary
penalties for noncompliance. Is your institution prepared to comply with
the requirements of the Hospital Price Transparency Final Rule?
Effective January 1, 2021, each hospital operating in the United States is
required to provide publicly accessible standard charge information online
about the items and services they provide in 2 ways:
In the final rule, CMS outlined a monitoring
and enforcement plan to ensure compliance with the requirements. We
finalized a policy that CMS monitoring activities may include, but would not
be limited to, the following, as appropriate:
If we conclude a hospital is noncompliant
with one or more of the requirements to make public standard charges, we may
take any of the following actions, which generally, but not necessarily, will
occur in the following order:
See 45 CFR part 180 Subpart C- Monitoring and Penalties for
Noncompliance. Visit the Hospital Price Transparency website for
additional information and resources to help hospitals prepare for
compliance, including:
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