Executive Order Issued for Hospital Price Transparency

The President signs an executive order Monday to enforce price transparency in health care.


President Trump signed an executive order Monday to enforce price transparency in health care with the intent to lower rising healthcare costs by communicating prices to patients. This allows patients to shop, creating competition to drive down consumer costs.

Section 3 of the order, titled “Informing Patients About Actual Prices” states the following:

Within 60 days of the date of this order, the Secretary of Health and Human Services shall propose a regulation, consistent with applicable law, to require hospitals to publicly post standard charge information, including charges and information based on negotiated rates and for common or shoppable items and services, in an easy-to-understand, consumer-friendly, and machine-readable format using consensus-based data standards that will meaningfully inform patients’ decision making and allow patients to compare prices across hospitals. The regulation should require the posting of standard charge information for services, supplies, or fees billed by the hospital or provided by employees of the hospital. The regulation should also require hospitals to regularly update the posted information and establish a monitoring mechanism for the Secretary to ensure compliance with the posting requirement, as needed.

ClaraPrice provides Hospitals with a solution that benefits both the patient and the facility by improving the patient experience and increasing the opportunity for payment plan commitment. Most importantly, ClaraPrice operates as the mechanism for HHS reporting to ensure Price Transparency compliance.

Read the full executive order here.