President Trump Signs Healthcare Price Transparency Order

On Monday, President Trump signed an order to require pricing transparency by healthcare providers. This has the potential to impact every medical practice.

Section 3a impacts hospitals

Section 3b impacts providers, insurers and self-insured health groups

Also noted is the directive to provide additional information to the President on "surprise billing".  This directive will certainly push such legislation and/or directives forward in the near future.

Read President Trump's actual order here.

While there are some who immediately have jumped on the "Nay" bandwagon, there are some positive elements to this concept which may provide a significant stimulus to change the way healthcare is paid for.  This, along with other recent proposed legislation on "Surprise Bill Prohibition" will certainly result in downstream effects on the way healthcare services are priced, billed and collected.

These are developments which all healthcare providers should pay close attention to.

Yesterday, Becker's Hospital CFO report provided a short article on 7 elements that "you should know".    Use the link to read their article.

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