Panacea Healthcare Solutions Announces New Software and Service to Help Providers Comply with CMS Hospital Price Transparency Rule

ST. PAUL, Minn.—February 27, 2020. Panacea Healthcare Solutions, Inc., a company specializing in healthcare coding, compliance, pricing software, and consulting services, announced today that it has developed and launched new pricing transparency readiness software and consulting services to help providers prepare for and comply   with the recently expanded Centers for Medicare & Medicaid Services […]

Pricing Strategies. What’s Your Defense?

In today’s era of intense public scrutiny on medical costs, what’s your pricing strategy? Does it pass the test of fairness and accuracy, without sacrificing revenue objectives? Panacea’s CEO, Frederick Stodolak, provides his recommendations on where to start.

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CMS Final Price Transparency Rule: Take HEED in 2020

Effective January 1, 2019, CMS required that a hospital publish their chargemaster online for consumers. At the time it was made clear by CMS that this would be the first of potentially many initiatives geared toward increasing transparency around hospital and other provider fees. The goal of all of these changes is to improve the […]

Recommendations to Providers on Price Transparency Priorities to Address Now

Read Unpacking CMS’ 2020 Proposed Expanded Rules for Hospital Price Transparency to gain a better understanding of the Proposed Rules for Hospital Price Transparency released by CMS on July 29, 2019. The comment period ended September 27, 2019, and the final rule is forthcoming.

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Unpacking CMS’ 2020 Proposed Expanded Rules for Hospital Price Transparency

On January 1, 2019 the Hospital Price Transparency Rule took effect mandating hospitals publish their price lists online in a machine-readable format. Hospitals complied by making their charge description master (CDM) available via download in CSV or similar format. The result fell far short of CMS’ goal of empowering patients to become “active healthcare consumers” and the agency on July 29, 2019, in response to the Trump administration Executive Order on Price and Quality Transparency, proposed expanded rules aimed at more “consumer friendly” transparency.

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Panacea to Present on Pricing Transparency at HFMA Region 2 Fall Institute

Panacea experts will present at the 2019 HFMA Region 2 Fall Institute on how health systems can balance rational price development with the leading practices of healthcare consumerism. 

Pricing Transparency is Here. What Now? What next?

On August 2, 2018, the Centers for Medicare & Medicaid Services (CMS) issued a final rule that was intended to empower patients through better access to hospital price information.  Current laws already required hospitals to make public a list of their standard charges, but the new requirement which became effective on January 1, 2019, required hospitals to publish a list of all charges in machine readable format via the internet, in an XML or CSV format.   The final rule also required providers to update their posted charges no less than one time per year.

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Panacea Insights: Expert Thought Leadership for Today’s Challenges

Dear Healthcare Colleagues, Research shows that in moments of uncertainty, involving a significant decision, people rely on independent experts for help. We turn to someone who can help us wade through the confusing mess of options.  We look for an unbiased third party who is an authority and can point us in the right direction.

Panacea Expands Services to Assist Hospitals in Meeting CMS Price Transparency Requirements

Panacea announces that new services will be offered in conjunction with its proven Hospital Zero-Base Pricing system to help clients better meet the CMS pricing transparency requirements.

Recent survey finds less than half of healthcare providers are ready to publish their standard charges to meet the CMS price transparency requirement

Survey overview:

During a recent webinar on Developing a Pricing Strategy for the 2019 CMS Transparency Requirement, Panacea surveyed 450 healthcare executives to gauge their readiness in meeting the January 1, 2019 CMS Final Transparency Rule deadline. 

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