Just over a year ago, if a person went to the hospital for an MRI, they would have no clear way of knowing how much the hospital would charge for that service. As of Jan. 2021, the Hospital Price Transparency Rule rewrote that expectation — but are hospitals actually complying?
Hospital price transparency requires every hospital in the U.S. to provide a machine-readable file that includes the costs of all services and items and a consumer-friendly display of shoppable services online. After a year of collecting data, healthcare navigation platform Turquoise Health has launched a price transparency scorecard, assessing compliance by scoring hospitals on a scale of one to five, based on how complete its machine-readable file is.
