Hospital Price Transparency Software

Technical

Hospital Price Transparency Software

Vitalware’s Hospital Price Transparency solution (Hospital Price Index) offers several key benefits that can greatly impact healthcare institutions and the patients they serve. Here are some of the key advantages:

Ensures Regulatory Compliance: Vitalware’s solution helps hospitals comply with Price Transparency regulations, avoiding penalties and potential legal issues.
Empowers Patients: Vitalware’s solution provides clear information about the cost of medical procedures, tests, and treatments. This empowers patients to make informed decisions about their healthcare, enhancing their abilities to budget, compare prices and choose the most cost-effective option.

The Challenge

CMS Price Transparency Regulations Increase Compliance Risk

Health systems that have acquired ambulatory care practices—and independent ambulatory practices alike—face tremendous financial pressures and challenges to financial sustainability. If you’re an ambulatory care leader, you’re looking to improve the efficiency of the services you provide and find cost savings without negatively impacting patient outcomes, the community, or the integrity of the organization. Yet it can be difficult to access data that brings actionable insights to inform decisions to improve patient access, panel management, provider productivity, referral management, or quality scores.

Our Approach

Technology-Enabled Compliance with Defensible Pricing Strategy

Vitalware’s Hospital Price Transparency solution (Hospital Price Index) offers key benefits that can greatly impact healthcare institutions and the patients they serve. Here are some of the key advantages:

Ensures Regulatory Compliance: Vitalware’s solution helps hospitals comply with Price Transparency regulations, avoiding penalties and potential legal issues.
Empowers Patients: Vitalware’s solution provides clear information about the cost of medical procedures, tests, and treatments. This empowers patients to make informed decisions about their healthcare, enhancing their abilities to budget, compare prices and choose the most cost-effective option.

Hospital Price Index Price Transparency Solution

Hospital Price Index helps health systems comply with CMS price transparency regulations, avoid penalties, and deliver clear, consumer-friendly pricing information.

1. The Challenge

2. Our Approach

3. Benefits