Image of keyboard keys one reads Online survey and one the left has a checkmark

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

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. 

The survey was taken during an HFMA hosted educational webinar with Panacea executives as presenters. The participants in the survey represented HFMA financial executives from mid-sized short-term acute care hospitals to large healthcare systems.

Key findings:

  • Only 46% said they had started the process to post their charges

  • 42% aren’t planning to meet the January 1 deadline or publish their complete chargemaster anytime during 2019

  • When asked if they felt their chargemaster prices were rational and defensible 26% responded No