– Less than a quarter of hospitals are complying with the hospital price transparency rule over two years after the regulation went into effect, according to a report from PatientRightsAdvocate.org.
The Fourth Semi-Annual Hospital Price Transparency Report reflects publicly available data from 2,000 hospitals in the US. Researchers assessed the hospitals’ websites from December 10, 2022, to January 26, 2023.
The price transparency regulation went into effect on January 1, 2021, and requires hospitals to post prices online in a user-friendly format. For complete compliance, facilities must publish a machine-readable file that includes the standard charges and discounted cash prices for all items and services for all health plans and a standard charges display with actual prices or a price estimator tool for the 300 most common shoppable services.