Many hospitals are not yet complying with the new transparency requirements set by the federal government, and the data posted has been in many cases hidden from web search engines or provided in a format that complicates analysis, according to qualitative insights compiled by Georgetown University Health Policy Institute researchers.
Researchers found that hospital price transparency rules could be strengthened to measure price variation, empower employers to make better purchasing decisions and enable more accurate oversight of insurers by:
- Expanding the number of hospitals publishing pricing data by increasing the maximum penalty from $300 per day to $5,500 per day.
- Requiring hospitals to present data uniformly, through a “machine readable” template that complies with Centers for Medicare and Medicaid Services’ (CMS) regulations.
- Asking hospitals to display their commercial and Medicare rates side-by-side.
- New Health Care Transparency Requirements: Recommendations for Optimizing Pricing Data to Reduce System Costs. Center on Health Insurance Reforms, Georgetown University Health Policy Institute. September 2021 (Download PDF)