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7 Hospitals Receive 5 Star Ratings for Price Transparency in New Health Price Transparency Scorecard

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Beckers Hospital Review reports seven hospitals with more than 1,500 beds have received a five-star ratings for price transparency, according to the Turquoise Health Price Transparency Scorecard released earlier this month. The scorecard will officially launch in the spring.

As reported previously (AHT, 3/16/22) Turquoise Health’s platform includes a scorecard that lets users assess price transparency compliance with the CMS requirements for nearly 6,000 hospitals. Hospitals receive a score based on an algorithm-driven five-star rating system.

Under the hospital price transparency regulation that went into effect on Jan. 1, 2021, hospitals are required to post their prices online in hopes that people will begin to comparison shop for medical care. The regulation requires hospitals to post consumer-friendly information about the prices of 300 services that can be scheduled in advance, such as X-rays, blood tests and knee replacement surgeries (AHT 1/4/21)

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