Starting January 1, 2021, each hospital operating in the United States is required to provide clear, accessible pricing information online about the items and services they provide in 2 ways:
- Comprehensive machine-readable file with all items and services
- Display of shoppable services in a consumer-friendly format
CostFlex has been working directly with our clients to develop a solution that utilizes the CostFlex software and decision support databases.
We are happy to announce, the price transparency solution from CostFlex is ready for installation!
Unlike other vendor solutions on the market, the CostFlex tools were integrated with the CostFlex Payer Contracts Analyzer module so that our clients would have “true allowed amount calculations” by payer and shoppable service rather than a simple estimation that most other offerings are basing their product reporting on.
If your organization is running out of time or simply wants the most accurate data available for public posting, please do not hesitate to contact CostFlex today to learn more.