Nova 401(k) Associates
Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
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|CMS Finalizes Fee Hikes for Hospital Price Transparency Requirements|
Nov. 3, 2021
"Beginning Jan. 1, the Biden administration will increase the penalty for certain hospitals that are not in compliance with its hospital price transparency requirements. [CMS announced] that it will set a minimum civil monetary penalty of $300 per day for hospitals with 30 or fewer beds.... [H]ospitals with more than 30 beds ... will be charged $10 per bed per day, which will cap at $5,500 daily."
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