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Price Transparency and Incomplete Contracts in Health Care  Form

Price Transparency and Incomplete Contracts in Health Care Form

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hello this is dr eric bricker with a healthcare z and today's topic is the cms price transparency regulation we're going to go over how it works it's super complicated but hang in there because it's super exciting okay so as of january 1st of 2021 hospitals have to provide price transparency they've exposed the prices for their build charges their minimum and maximum negotiated rates with commercial insurance character carriers like blue cross united signa aetna they have to show their cash rates that they would give to people if they didn't have insurance and then they need to provide payer specific rates so not just the minimum maximum but what they would provide for blue cross united cigna and you know other networks like phcs and first health so it needs to be in two formats machine readable machine being a computer and then there needs to be 300 shoppable services that are shown in a consumer friendly format and 70 of those 300 shopp

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