Hospital Price Transparency:
Is Your Data Driving Smarter Comparative Analysis?
Discover How to Leverage Price Transparency Data for Next-Level Benchmarking and Strategic Decision-Making.
Discover How to Leverage Price Transparency Data for Next-Level Benchmarking and Strategic Decision-Making.
The healthcare landscape is shifting with the H.R. 5378 Lower Costs, More Transparency Act set to take effect on January 1, 2026, alongside increasing state-level price transparency regulations. Panacea’s recent nationwide study highlights significant gaps in hospital compliance and the growing enforcement of Civil Monetary Penalties (CMPs).
10 minutes
The January 1, 2025, compliance deadline has passed—was your organization ready? While nearly half of organizations reported confidence leading up to the date, many faced challenges, particularly with estimated allowed amounts. Panacea provided critical guidance on requirements like the text file and CMS online validator to help organizations navigate this pivotal transition.
19 minutes
In this segment we explore how the recent CMS updates, including the addition of code types like CPT, HCPCS, and DRG, improve the accuracy of rate comparisons. You’ll see real-world examples of how misinterpreted data, such as DRG codes, can lead to incorrect conclusions and how these new fields help ensure meaningful and reliable analysis.
10 Minutes
At Panacea, we’ve partnered with hundreds of hospitals to produce compliant machine-readable files and patient estimation systems under the CMS Price Transparency rule. In the ever-evolving landscape of price transparency, healthcare providers rely on our comprehensive suite of services to ensure their prices are compliant, competitive and easily accessible by consumers.
RateAnalyzer™ is a powerful solution utilizing standardized and cleansed price transparency data from machine-readable files, offering hospitals and health systems a competitive edge in payer negotiations. By leveraging data and advanced analytics, RateAnalyzer™ enables informed decisions, enhances negotiation strategies, and helps secure favorable payer contracts.
A three-hospital health system wanted to enhance their payer contract negotiation strategy by drawing on the wealth of data now available through price transparency regulations. They realized the potential of using competitive information in their analytics and negotiations but were frustrated by the complexities of working with publicly available data.