Price Transparency solution for healthcare providers

Overview: US hospital price transparency rule

The final hospital price transparency rule took effect on January 1, 2021 and requires hospitals to publicly post standard charges for all items and services.

Remember this specific requirements:

• Consumer-Friendly with a List of Standard Charges for 300 Shoppable Services
  
• A comprehensive machine-readable file including:
  • Gross Charges, Discounted Cash Prices
  • Specific Negotiated Rates
  • De-Identified Minimum and Maximum Charges

CMS proposes several changes over the accessibility of price information hospitals must make without barriers such as :

• • Blocking Codes (Captcha) 
  • Agreements to Terms and Conditions, Or
  • Submission of Consumer's Personal Information.

• 
  Very important:

  CMS proposes to increase penalties for noncompliance varying the amount based on hospital size:

  Up to $5,500 PER DAY or $2,007,500 FOR FULL CALENDAR YEAR

Stairs Price transparency solution

Our US hospital price transparency solution for healthcare providers, includes a consumer-friendly tool that can be customized and easily accessible directly from your hospital's website.

Designed and develop to help hospitals efficiently comply with US hospital price transparency rule. This solution includes: 

• Consumer-friendly tool/search engine with multiple search options and plain language descriptions, that can be customized and easily accessible directly from your hospital's website.
  
• Machine-Readable file that includes pricing for over 300 shoppable services that can be read by other computer systems and enable consumers to review all types of listed charges.
  
• A base tool integrated with our data modeling methodology capable to produce data-driven insights derived from consumer behavior and market research, that can help healthcare organizations remove obstacles, optimize efforts, and address all aspects of pricing strategies.
  
• Link to the consumer Platform where they can search and compare services and prices, review and receive notifications on discounts or promotions that meets their medical needs.
  

  Stairs Insights Solution:

  Our insights solution is efficient, simple and secure.

  CONNECT YOUR PATIENTS TO THE RIGHT SERVICE, AT THE RIGHT TIME, AND IN THE RIGHT PLACE WITH THE BEST PRICE.