Modern Healthcare

System-affiliated, not-for-profit hospitals more likely to share price data

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  • Jun 23, 2021

Less than one-fourth of hospitals were fully compliant with federal price transparency regulations in early 2021, according to new data.

A study by University of Minnesota School of Public Health faculty found that only 23.7% of hospitals reported all required data on service rates in both machine-readable and consumer-shoppable formats. CMS' Hospital Price Transparency Rule, which went into effect on Jan. 1, requires hospitals to publish information about the prices they charge for inpatient and outpatient services, as well as the rates negotiated with various private insurers.

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