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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CMS Price Transparency Requirement: Six Steps Towards Ensuring Compliance and Defensible & Rational Pricing

The CMS 2019 transparency requirement underscores their ongoing initiative and emphasis on empowering patients through better access to hospital charge information.

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Developing a Pricing Strategy for the 2019 CMS Transparency Requirement

In October, Panacea sponsored an HFMA educational webinar on Developing a Pricing Strategy for the CMS 2019 Transparency Requriement.    The one-hour webinar was hosted by the Healthcare Financial Management Association (HFMA) and featured Panacea financial executives, Fred Stodolak, Executive Vice President and Mark Spehar, Senior VP Financial Services as presenters.

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News: Panacea Responds to CMS Final Rule Effective October 1, 2018 Requiring Hospitals to Publish their Chargemaster via the Internet

Hospitals have just a few months to ensure their prices are rational and defensible to meet the January 1, 2019 deadline. St. Paul, MN—August, 2018—Panacea, a leading provider of mid-revenue cycle management, innovative software and enterprise-level educational solutions announced today that despite industry push-back during the comment period, the CMS Final Rule requires hospitals to […]

On Demand Webinar: Debunking the Myth: Why Charges Still Matter in the Age of Pricing Transparency

The push for health care price transparency is nothing new and can be traced back almost 20 years. When CMS released their proposed 2019 Inpatient Prospective Payment System (IPPS) rules including “requirements for hospitals to make public, a list of their standard charges via the internet”, it further underscored CMS’ continued effort for hospitals and health systems to provide price transparency.

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Does your organization have a strategic plan to address CMS FY19 IPPS proposed rule that requires hospitals “to make public their standard charges via the Internet?”

Written By: Fred Stodolak, Executive Vice President, Mark Spehar, Senior Vice President, Financial Services, Henry Gutierrez, Vice President, Financial Services

There is an increasing debate surrounding CMS FY2019 IPPS proposed rule, published April 24, that would require hospitals “to make public a list of their standard charges via the internet.” Discussions around this topic have pointed out a number of valid arguments:

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News: Panacea Responds to CMS FY19 IPPS Proposed Rules Requiring Hospitals to Publish Their Chargemaster Prices Online

Lehi Utah, May 10, 2018 Panacea announced today that their Hospital Zero-Base Pricing® system will align with the proposed IPPS rules for FY 2019 released by the Center for Medicare and Medicaid Services (CMS). The proposed rules issued by CMS on April 24 require healthcare organizations to publish their “standard charges” online by January 1, […]

Panacea to Focus on How to Meet CMS Price Transparency Requirements at Becker’s Hospital Review 10th Annual Meeting

Panacea will provide resources to help healthcare organizations determine how they can better meet the CMS final pricing transparency requirements at the Becker’s Hospital Review 10th Annual Meeting.