As the regulatory and consumer focus on price transparency increases, so too has the pressure from Centers for Medicare & Medicaid Services (CMS) on hospitals to maintain accurate pricing. Every chargemaster, no matter how compliant, must be continually monitored to maintain rational, defensible, competitive pricing. Hospitals that ensure their CDMs are updated, consumer friendly and transparent about pricing have an opportunity to make the most of key market trends. Explore the seven strategies hospitals should implement during pricing review and price setting that will go a long way in establishing financial well-being and consumer trust.
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