Hospital Price Transparency
Page Updated: April 22, 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 go into effect on July 1, 2024, and 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. A template for both reports should be available from HCPF shortly.
Resources:
- 2023 CHA Price Transparency Issue Brief
- Federal Price Transparency:
- Financial Data Transparency:
- HB 19-1001 CHA Issue Brief
- HCPF Hospital Transparency Website
- Recording of HCPF December 2023 Presentation to CHA – here (passcode: 2tS!wrc8)
Meetings/Dates of Note:
- July 1, 2024: One-time report from HB 23-1226 and annual reporting (including updates from HB 23-1226) due
CHA Staff Contact: Adeline Ewing, CHA manager, public policy, [email protected]