September 15, 2022 · 7:00 AM
I’ve lengthy been an advocate for value transparency in healthcare. The Facilities for Medicare and Medicaid Providers (aka CMS) has just lately taken motion that requires hospitals to put up their costs on-line, which ought to increase competitors and assist you to store round to save cash. If reminiscence serves, the value posting solely applies to a restricted variety of companies. I presume the uncommon hospitals that do not settle for Medicare and Medicaid funds are exempt.
From MedPage Immediately:
This week [June 2022], CMS handed down their first penalties to 2 hospitals in Georgia for failing to adjust to the value transparency legislation that went into impact Jan. 1, 2021.
Northside Hospital Atlanta in Sandy Springs and Northside Hospital Cherokee in Canton had been each fined for a scarcity of available commonplace prices for hospital companies on-line, regardless of warnings.
The fines had been on the order of $200,000 and $900,000.
For those who discover a hospital breaking the legislation, report ’em to CMS!
Steve Parker, MD
PS: Let me assist you to keep away from hospitals.