Key Elements of AS.18.23.400
The Importance of Price Transparency - Understanding the Law's Requirements
Definition of Undiscounted Prices
Undiscounted prices refer to the standard rates for medical procedures before any discounts, insurance adjustments, or financial aid are applied. These prices provide a baseline for patients to understand the true cost of services.
Top Procedures to be Posted
The law requires that the most frequently performed procedures, which significantly impact patient costs, are clearly listed with their undiscounted prices. This ensures patients are well-informed about potential expenses.
Online and In-Office Posting
Healthcare providers must display these prices prominently both online and within their facilities, ensuring easy access for all patients seeking information on medical costs.
Encouraging Competitive Pricing
By mandating price transparency, the law encourages healthcare providers to offer competitive pricing, fostering a more competitive market that can lead to lower costs for patients.
Patient Empowerment
With clear pricing information, patients are empowered to compare costs and make informed healthcare decisions, leading to greater satisfaction and trust in their healthcare providers.
Compliance Deadlines
Healthcare providers must comply with the AS.18.23.400 requirements by January 31, 2026, ensuring that all necessary information is available to patients by this date.