Join Panacea finance executives Govind Goyal and Frederick Stodolak on Thursday, September 2, 2021 at 1 p.m. EDT for an informative session to learn more about what you can do as a hospital provider regardless of what stage of compliance you are currently at today.
The “grace” period for hospitals receiving warning letters or requests for corrective action plans from CMS will likely come to an end in 2022. In response to a high rate of noncompliance from hospitals with price transparency requirements, CMS issued a proposed rule on July 19th, 2021, to increase Civil Monetary Penalties (CMP) from a nominal $300 per day to up to $5,500 per day. For hospitals with over 550 beds, that translates to over $2M annually.
The Stakes Are High: Why You Should Pay Attention to Price Transparency
Thursday, September 2, 2021 | 1:00 PM – 2:00 PM ET
The session will cover:
- A refresher on the rule requirements, including CMS’s most recent actions and proposals impacting hospitals and health systems
- How to avoid public shaming from the media and drastic financial penalties from CMS
- Several surprising statistics on nationwide compliance and consumer use rates of patient estimation systems
- How to leverage price transparency requirements to improve patient satisfaction and market share potentially
Can’t attend? Click here to register, and we’ll send the recorded webinar.
Registration is limited to attendees from hospitals and other providers at this time.