Update on Federal Price Transparency Policies

The second set of major federal price transparency requirements on hospitals goes into effect Jan. 1, 2022

Facilities and other providers will need to provide uninsured or self-pay patients good faith estimates prior to all scheduled care beginning Jan. 1, 2022. The Department of Health and Human Services issued regulations implementing this provision of the No Surprises Act on Sept. 30. This policy is the second major price transparency policy to go into effect in recent years. The first, the Hospital Price Transparency rule, went into effect Jan. 1, 2021 and requires hospitals to release a machine-readable file of all of their negotiated rates, self-pay rates, and chargemaster rates.

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