Hospital Price Transparency Noncompliance and a New Proposed Rule

On January 1, 2021, the Federal Hospital Price Transparency Rule went into effect requiring hospitals to disclose certain pricing information. Specifically, the Rule requires hospitals to provide pricing information: in a “single machine-readable digital file containing the following standard charges for all items and services provided by the hospital: gross charges, discounted cash prices, payer-specific negotiated charges, and de-identified … Continued

The 2020 Olympic Games and Health Care

We are halfway through the 2020 Olympic Games being held in Tokyo, Japan. As I write this, the United States is tied with China for the total number of medals won (46). We’ve witnessed new world records (Caeleb Dressel, Tatjana Schoenmaker, Emma Mckeon) and new sports (karate, surfing, climbing and skateboarding). You may be asking … Continued

AI in Healthcare

In April, Nuance Communications, Inc. announced that it was being acquired by Microsoft for 19.7 billion dollars. This deal is expected to be ongoing throughout the rest of 2021. [1] Microsoft, in this transaction, made sure to emphasize that it wants to provide software that works alongside doctors. [2] Let’s take a look at what … Continued

Prescription Drug Legislation to Watch in 2021

Prescription drug prices and spending are hot topics and for good reason. U.S. pharmaceutical prices are 2.56 times higher than prices seen in 32 other nations, according to a report released by the Rand Corporation.[1] For brand-named drugs that number multiple jumps to 3.44.[2] Retail prescription drug spending accounted for 10% of the total health … Continued