New Law States Hospitals Must Display Pricing

Legislators have ruled in favor of a new federal law stating every hospital in the United States is required to publish prices for treatments online in efforts to move toward hospital price transparency. The law, also known as the Inpatient Prospective Payment, states that hospitals are required to post a list of their standard pricing online and make electronic medical records more available to patients. The implementation of the new price transparency law means new challenges for healthcare providers, one of them being rebranding hospital websites to include care cost information. That is where invoice factoring comes in.