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Can Price Transparency Alone Improve Patient Experiences?

November 22, 2021

The Price Transparency rule is intended to help consumers know the costs of hospital healthcare services before receiving them. While providing a list of services and prices is useful, it’s only part of the solution to help patients understand what they owe.

What is the Price Transparency Rule?

In January 2021, the Centers for Medicare and Medicaid Service’s price transparency rule began requiring hospitals operating in the United States to maintain pricing information about their services two ways: a complete list of all items and services offered in a machine-readable file and a consumer-friendly list of shoppable services.

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