In Modern Healthcare’s “Hospital Price Transparency: Fines or Full Compliance,” Crux CEO Tim Gary notes that some hospitals and health systems were waiting to see whether CMS would strictly enforce the law before complying. “Compared with this time last year, hospitals are putting more effort into meeting the requirements. Some hospitals, especially smaller facilities, would like to comply but do not have the resources,” Gary said. “Still, some health systems maintain they would rather pay the fines than publish their prices,” he said. “This is kind of like asking a hospital chief financial officer for the nuclear launch codes. Providers and payers have grown up protecting these prices, which is why the payers’ pricing data is so camouflaged.”
The article appears in the January 24 edition of Modern Healthcare, available to subscribers.
About Crux Strategies
Crux Strategies, a full-service business advisory and consulting firm, was founded in 2015 in Nashville, Tennessee. The firm leverages business intelligence, issues management, and data collection to inform business strategies for its clients nationwide. Crux works in corporate strategy, healthcare compliance, government relations, and more. Crux founder C. Tim Gary is an experienced attorney with expertise in healthcare and governmental relations. Crux is an affiliate of national professional services firm, PYA.