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.

News: Panacea to Sponsor HFMA webinar on 2019 CMS Pricing Transparency Requirements, Tues. Oct. 30, 2018

The educational webinar will take a deep dive into what actions hospitals and health systems can take to prepare for the CMS pricing transparency requirements that are effective January 1, 2019.

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Panacea to Present Education Session on Pricing Transparency at HFMA 2019 Virtual Conference on Consumerism, Cost and Compliance

St. Paul, MN – April 9, 2019 – Panacea, a leading provider of mid-revenue cycle management software, consulting and educational solutions, is proud to announce that Senior Vice President Mark Spehar and Executive Vice President Frederick Stodolak will present at the Healthcare Finance Management Association’s (HFMA) 2019 Virtual Conference on April 18, 2019 from 1:00-2:00 p.m. Central Time. Their session is titled “The Pricing Transparency Conundrum – Juggling Rational Price Development with Healthcare Consumerism Leading Practices.

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Mergers + Acquisitions: Is Your Chargemaster Strategy Sound?

Expansion — through mergers, acquisitions, joint ventures and other strategic partnerships — has become an important tool in a hospital’s strategic wheelhouse. As your footprint expands to encompass the entire continuum of care, how do you ensure your chargemaster strategy is sound and consistent?

We break this question into two parts — soundness and consistency — for good reasons:

First, in an era of increased public price scrutiny, hospital CFOs must ensure that their chargemasters are defensible and can be clearly explained to outside observers and auditors.

Second, mergers, acquisitions and other affiliations often bring under a single umbrella organizations that may have very different pricing and coding methodologies, practices and strategies.

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