Did you know you could price compare your cardiac procedure?
The Healthcare Price Transparency Rule took effect this year. The rule requires hospitals in the USA to post actual prices from the rates they offer cash-paying customers to costs negotiated with insurers. The Healthcare Price Transparency Rule could help reduce prices and keep consumers informed of their choices before seeking care. Hospitals must publicly post prices for every service, drug, and supply they provide on their website. The prices must be posted in a machine-readable format, and for 300 common and “shoppable” services, they must also be provided in consumer-friendly formats.
Over the next couple of years, such healthcare information exchange initiatives are expected to accelerate. The initiatives provide a substantial opportunity for digital healthcare and health-tech solutions. Healthcare digital transformations expected in the short term are Payer-to-Payer Data exchange, No Surprises Act, Prior Authorization rule, Transparency in Coverage. Critical to the success of these initiatives is the Fast Healthcare Interoperability Resources (FHIR) framework.
There are over 1800 libraries available to accelerate your health-tech development on FHIR. The kandi collections on Healthcare Price Transparency Rule Implementation Libraries showcases the top libraries across core FHIR HL7 integration, FHIR standards related to Centers for Medicare & Medicaid Services (CMS) requirements, and libraries specific to healthcare provider pricing and analysis.