Hospital Price Transparency
Page Updated: Oct. 10, 2024
CHA Advocacy Principle: Health care transparency efforts should be timely, accurate, and meaningful to improve the consumer experience and health care affordability.
What Has Been Completed:
Origin: Multiple bills have been passed over the last few years related to CMS hospital price transparency as well as reporting hospital financial data to HCPF.
Federal Price Transparency: CMS has set out new format data specifications for hospital’s machine-readable files that went into effect on July 1, 2024, and will go into effect Jan 1. 2025. CMS has released an online validator tool that hospitals can use to test their machine-readable files against the new requirements. More resources can be found here.
Hospital Financial Data: The one-time report and annual report (with updates from HB 23-1226) are due on July 1, 2024. HCPF joined CHA’s April Regulatory Update call to discuss the new requirements – see recording below.
Resources:
- 2023 CHA Price Transparency Issue Brief
- Federal Price Transparency:
- Financial Data Transparency:
- HB 19-1001 CHA Issue Brief
- HCPF Hospital Transparency Website
- Quarterly Reporting Template
- One-Time Reporting Template
- 2024 Annual Reporting Template – coming soon
- Recording of HCPF December 2023 Presentation to CHA – here (passcode: 2tS!wrc8)
Meetings/Dates of Note:
- June 30, 2024: Quarterly reporting due
- July 1, 2024: One-time report from HB 23-1226 and annual reporting (including updates from HB 23-1226) due
CHA Staff Contact:Megan Axelrod, CHA senior director, regulatory policy and federal affairs, [email protected].