Bundled Cash Pricing May Provide an Ideal " Transparency " Solution for Many Hospitals

Major changes are now underway in the healthcare industry including the impending CMS price transparency rules that are eliciting marked opposition from various segments of organized medicine (see:Ohio Healthcare Network Serving Amish and Anabaptist Communities Could Provide Blueprint for Hospital Price Transparency). Below is an excerpt from an article on this topic inDark Daily:.... [O]n Jan. 1, 2021, a new Centers for Medicare and Medicaid Services (CMS) final rule (CMS-1717-F2) on price transparency goes into effect. It requires hospitals to publish their standard chargemaster prices, as well as payer-negotiated prices, online for customers to review. A companion proposed rule (CMS ‑9915‑P) will, if passed, require health plans and healthcare insurers to disclose covered healthcare costs to customers upon request, including “an estimate of such individual’s cost-sharing liability for covered items or services furnished by a particular provider.”These rules have created a fire storm of controversy. Hospital systems and healthcare organizations like the American Hospital Association (AHA) argue that revealing payer-negotiated rates will undermine health networks ’ negotiating power with insurers and increases hospital prices.....Pomerene [Hospital located in ruralMillersburg Ohio] has developed bundled care packages for more than 300 services...for Amish and Anabaptist patients as well as any other self-pay patients who pay their bills in full at the...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Cost of Healthcare Healthcare Delivery Healthcare Innovations Hospital Executive Management Hospital Financial Medical Consumerism Source Type: blogs