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Price Transparency

Ogi KwonApril 22, 2021

Chief Healthcare Executive: CMS' Price Transparency Rule

physician discussing treatment with hospital patient

The new federal price transparency law took effect January 1, 2021, yet many hospitals – still focused on financial recovery in COVID-19’s wake – were not prepared to become fully compliant by this date.  In this Chief Healthcare Executive video interview, Ogi Kwon – Manager, Advisory & Assurance in R1’s regulatory division – discusses hospital compliance to date and whether consumers are using the information they gather in meaningful ways.

 

In addition, he addresses how patients' expectations about their healthcare experience are evolving and and how this law could impact the “consumerization” of healthcare.

 

 

Click here to watch to the Chief Healthcare Executive video interview.



Author Bio: Ogi Kwon is the Manager of Advisory & Assurance in R1 RCM's regulatory division.