What is the Hospital Price Transparency Rule?

The Hospital Price Transparency Rule is a federal regulation requiring hospitals to publish their standard charges for items and services in an accessible, consumer-friendly manner. Hospitals must provide clear, comprehensive pricing information, including discounted cash prices and payer-specific negotiated rates, to help patients make informed decisions about their care.

Why is the Hospital Price Transparency Rule important?

• Consumer empowerment: Enables patients to compare prices before receiving care.
• Financial planning: Helps patients anticipate and prepare for healthcare costs.
• Market competition: Encourages price competition among healthcare providers.

Key requirements of the Hospital Price Transparency Rule

• Publication of machine-readable files with all standard charges.
• Consumer-friendly display of shoppable services.
• Description of services alongside corresponding prices.

How Solace can help

A Solace advocate can help you utilize hospital price transparency tools to compare costs for planned procedures, explain differences in pricing between facilities, and assist with obtaining personalized cost estimates before receiving care. They can also help you review whether billed charges match published rates and challenge discrepancies if they occur.