Explore the complexities of payer MRFs: size, compliance, and data challenges. Learn how to navigate these files for healthcare price transparency and discover solutions.

Hospital price transparency has become a cornerstone of healthcare reform in the United States, with new regulations taking effect on January 1, 2025. These rules aim to enhance consumer access to pricing information, promote competition, and reduce healthcare costs. However, challenges in compliance and usability persist. This post is an overview of the current state of hospital price transparency.

Artificial intelligence (AI) and Generative AI are on track to adding trillions of dollars to the global economy through an increase in worker productivity by 0.1% to 0.6% into 2040 according to statistics by McKinsey. In particular, we see the impact of AI on global healthcare, offering solutions from advanced diagnostics to the management of chronic conditions.

Discover the latest findings on hospital price transparency compliance rates as of February 2024. Explore why only 34.5% of reviewed hospitals are fully compliant, while the majority face challenges with missing or incomplete pricing data.

Discover the latest efforts pushing for greater healthcare price transparency. This post explores recent legislation, initiatives, and innovative tech solutions like SumHealth's platform that are empowering patients with clear pricing data.

Beyond empowering patients to make informed choices, our price transparency platform assists healthcare providers in navigating compliance with regulatory standards, avoiding substantial fines associated with non-compliance.