TEMPLE, Texas, Oct. 16, 2018 /PRNewswire-PRWeb/ -- In August 2018, the Centers for Medicare
The Inpatient Prospective Payment System (IPPS) final rule creates a requirement that hospitals under IPPS publish and update their prices. The following guidance is included in the rule:
AppRev's recommended solution is to add a reduced version of the chargemaster that would include the price(s) and description of the service to the provider's current website. If there are package prices, it would make sense to include a list of those.
"We're pleased to provide this vital service to our customers at no additional charge," said AppRev President, Seth Avery.
AppRev will provide a solution for any customer who needs support for this requirement. If a customer wishes to add a link on their website to the company's pricing transparency page, AppRev will store the appropriate files online to gain compliance with this requirement. Any interested customers can contact AppRev if they would like assistance at no charge.
More information on the Fiscal Year (FY) 2019 Medicare Hospital Inpatient Prospective Payment System (IPPS) and Long-Term Acute Care Hospital (LTCH) Prospective Payment System Final Rule (CMS-1694-F) can be found on the CMS website.
AppRev, an OSG company based in Temple, Texas, provides services and technology to more than 120 hospitals throughout the United States and Bermuda. AppRev delivers results through services and technology that allow hospitals and clinics to improve revenue cycle performance. The company's solutions are provided via web delivered Service Supported Software™ and in Charge Accuracy, Charge Review, Denials Intelligence, Pricing Analytics, CDM and DSH services. All AppRev solutions employ ongoing measurement of revenue cycle improvements and can be tailored to meet customer-specific requirements.
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