The new year brought updates to federal rules requiring hospitals to disclose their prices, aiming to make the data more helpful in identifying less expensive providers. The updates involve including additional data to improve consistency and ease of comparison between hospitals. Hospitals had until January 1st to make these changes, which include adding three new fields: “estimated allowed amount,” “drug unit of measurement and drug type of measurement,” and “modifiers.” This marks the final phase in the Centers for Medicare and Medicaid Services’ hospital price transparency rollout, following previous phases in 2021 and July 2024. Experts are optimistic that these changes will benefit consumers seeking cost-effective healthcare.
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CMS updates to hospital price transparency rules for 2025
