9.15.23 – According to a July report from an advocacy group, only five of 14 hospitals in New Mexico are compliant with a federal rule regarding price transparency. The semi-annual report comes from the nonprofit Patient Rights Advocate, which began its work shortly after the Hospital Transparency Rule went into effect in 2021. The rule requires hospitals to post five different standard charges for common medical procedures they offer. The rule also requires hospitals to provide patients with an out-of-pocket cost estimator tool or payer-specific negotiated rates for at least 300 shoppable services.
For more on the study, senior producer Lou DiVizio sits down with Patient Rights Advocate CEO Cynthia Fisher.
Correspondent: Lou DiVizio
Guest: Cynthia Fisher, founder & chair, Patient Rights Advocate
For More Information:
Fifth Semi-Annual Hospital Price Transparency Compliance Report, July 2023 – Patient Rights Advocate
New Mexico Hospital Compliance – Patient Rights Advocate