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From the outset of the Trump Administration, establishing price transparency has been a cornerstone of the Department of HHSs set of strategic initiatives to improve the functioning of the healthcare marketplace. A health plan chief executive officer shared: Its hard to think about any area that wont be touched by technology. The highest were associated with increased medication adherence ($4.2 billion$26.9 billion), reduced pressure ulcers ($2.8 billion$20.0billion), and fewer patients with poor control of diabetes ($6.5 billion$10.4billion). What Should Health Care Organizations Do to Reduce Billing Fraud and Our website is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Sign up to get the latest information about your choice of CMS topics. For most organizations and their financial leaders, doing nothing indefinitely is simply not an option because any changes in compensation without a corresponding increase in payment will prove financially unsustainable. With the new presidential administration, staying abreast of and responding to new and changing healthcare policy changes, legislation, and regulatory activities is more important than ever. Assistant Secretary for Planning and Evaluation, Room 415F Regulatory Changes in the Future of Health | Deloitte US Whether you receive public assistance or pay for your healthcare coverage, you can and should look at your medical bills and stay aware of the amounts of your reimbursement. Exploring the Fundamentals of Medical Billing and Coding Its findings incorporate assessments of the effects of reimbursement on innovation based on economic theory, literature reviews, and consultation with experts. The participant went on to share additional insight on technologies likely impact on shopping, care delivery, and drug development. Secretary Azar stated that the rule applies to health plans that cover approximately 200 million Americans who will soon have real-time access to information about negotiated prices and cost-sharing, beginning with a list of the 500 most shoppable healthcare services in 2023. In 2024, the rule will apply to every healthcare item and service.