In August 2018, the Centers for Medicare for Medicare & Medicaid Services (CMS) issued this final rule to enable patients to have a better overall health care experience.
This rule creates a requirement that hospitals under IPPS publish and update their prices. The following guidance is included in the rule:
- May be the chargemaster or “another form”
- Update at least annually
- Machine readable format
- Not payor specific
- Requirement begins January 1, 2019
- Current “standard charges” (CMS does not define a “standard charge.”)
AppRev’s recommended solution is to add a reduced version of the chargemaster that would include the price(s) and description of the service to the provider’s current website. If there are package prices, it would make sense to include a list of those, the company notes in a media release.
“We’re pleased to provide this vital service to our customers at no additional charge,” says AppRev President, Seth Avery, in the release.
AppRev will provide a solution for any customer who needs support for this requirement. If a customer wishes to add a link on their website to the company’s pricing transparency page, AppRev will store the appropriate files online to gain compliance with this requirement. Any interested customers can contact AppRev if they would like assistance at no charge, the release continues.
AppRev, an OSG company based in Temple, Texas, provides services and technology to more than 120 hospitals throughout the United States and Bermuda.
[Source(s): AppRev, PRWeb]