X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
While it’s too early to outline specific strategies brokers and consultants plan to deploy for helping their clients navigate the new transparency rules, this much is clear: The process must be simplified.

As new hospital price transparency rules go into effect beginning this year — requiring hospitals, employers, and health care coverage providers to supply detailed pricing information — uncertainty abounds. Will hospitals comply with the regulation right away? What happens if they don’t? And what steps do employers need to take now in order to prepare for the implementation of new rules for them in 2022 and 2023?

“Everybody has been busy with other things,” says Jennifer Berman, chief executive officer of benefits compliance firm MZQ Consulting, referring to the myriad of challenges COVID-19 created for hospitals in 2020. “So it’s hard to imagine anybody going after the hospitals right away because they haven’t posted their prices online.”

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.