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No Surprises Act and Price
Transparency:
Going Beyond Compliance to Build Patient Trust and Protect Your Brand
David Kelly, MHSA, FHFMA
© David Kelly 2022
- 2 -
Table of Contents
• Disclaimer
• Regulatory Background
• Social/Media Background
• What do Patients Actually Want?
• Moving past Compliance
• Q&A
• Speaker Bio
• Sources
© David Kelly 2022
- 3 -
Introduction
© David Kelly 2022
- 4 -
Audience Survey
By show of hands, what % of US Hospitals do you believe is FULLY
compliant with the letter of the law in terms of Federal Price
Transparency rules?
• 10%
• 25%
• 50%
• 75%
• >90%
True answer is probably “it depends”
– definitions are still being
challenged, and technical
omissions could find you in
trouble1
© David Kelly 2022
- 5 -
Disclaimer
I am not a lawyer and this presentation should not be construed as legal or
compliance advice. If you have specific legal or rules questions based on todays
presentations, consult with your counsel and compliance departments.
© David Kelly 2022
- 6 -
Background
© David Kelly 2022
- 7 -
Regulatory Background
In addition to federal laws and rules that we’ll discuss today,
many states have their own laws, rules, and regulations.
Compliancy2 varies widely – in part due to definitions of
transparency – something we’ll come back to later.
© David Kelly 2022
- 8 -
No Surprises Act
Numerous rules have been published regarding the No Surprises
Act. CMS has a solid site3 available to help you navigate. Key
highlights:
• Balance Billing protections
• Requirement to inform about cost sharing
• Arbitration guidelines for patient-provider and
payer-provider disputes
© David Kelly 2022
- 9 -
Price Transparency
• Must be in a specific format and
posted online
• Has key elements that must be
included
Machine Readable
File
• At least 300 “shoppable services”
• Key elements must be included
Consumer-Friendly
Display of
Shoppable Services
© David Kelly 2022
- 10 -
Social / Media Background
© David Kelly 2022
- 11 -
Providers are Constantly in the News…
© David Kelly 2022
- 12 -
Patients First?
© David Kelly 2022
- 13 -
What Do Patients Actually Want?
4
5
© David Kelly 2022
- 14 -
Do Consumers Even Price Shop Healthcare?
Data seems conflicted on this.
• Released in early October6, data shows only ~1/3 Americans
has ever priced shopped for healthcare
• However, Data from 20207 shows 91% of people surveyed
would price shop
An anecdote from the ultimate price shopping community:
© David Kelly 2022
- 15 -
Is This All Even Worth It?
Do broad patient populations make decisions primarily on cost?
Some studies8,9 say NO.
In the 1990’s, the Danish health system mandated transparency and saw
prices go UP!10
This Brings
Us to a
Choice
© David Kelly 2022
- 16 -
Moving Past Compliance
© David Kelly 2022
- 17 -
Who / What are you Solving for?
OR
© David Kelly 2022
- 18 -
Solving for Regulation (Compliance)
This becomes a risk, reserves, and public image question
Legal / Risk Compliance
Analyze
Exposure
The letter of the
law matters
Ongoing
discussions and
assessment
Marketing
Media and
Regulator
Feedback
Press
Release(s)
Social Media
Stance
Finance
Financial
Reserves
Refund policies
Staff
Scripting
Training
Support!
© David Kelly 2022
- 19 -
Audience Survey – Digital Front Door
By show of hands, how many of you have implemented, are
implementing, or are evaluating a “digital front door” initiative in
your organization?
8 Key Components of
a Digital Front Door -
iPro Healthcare (ipro-
inc.com)
Some Hospitals are
Opening a ‘Digital
Front Door’ | Deloitte
US
Digital Front Door
Solutions & Patient
Experience | Orion
Health
Creating a digital front
door to the hospital
(philips.com)
A Digital Front Door
Strategy: What It Is,
Isn't, and Why You
Need One - Relatient
5 Sources – Only 1 talks Estimation & Costs
© David Kelly 2022
- 20 -
Solving for Patients
If you want to go beyond compliance, first things first:
1) Don’t confuse your Digital Front
Door with meeting patient price
transparency efforts.
Their Venn overlaps a lot, but it
isn’t the same.
1) Make this a priority. Disruptors
are moving into this space, media
and regulators are pushing, and
patient expectations are high.
© David Kelly 2022
- 21 -
Some Tactics
Figure out what YOUR patients in YOUR markets want
Regulatory
• Nuance to your
approach
• e.g. Minimal
transparency
files but heavy
on Estimation
Outcomes-
Focus
• Price
Guarantees
• NSA essentially
dictates this
already for Self
Pay
Changing
Dynamics
with
Providers
• Universal Billing
• “All inclusive”
approach
Marketing
and Media
• Scripting and
Patient
Experience
stance must be
adjusted to
match
© David Kelly 2022
- 22 -
Educate, Educate, Educate
Offer Financial Counseling
 Not just for inpatients
 Credit and long-term payment
options
 The return of layaway
 Counseling for patients’ bills
beyond your own?
Staff Education
 Do ALL your team members
understand your financial
approach?
 Do they get WHY this matters?
 Impacts of Finances on Patients
are bigger than ever, and
impact care11
Patients
Providers
Nurses
Caregivers/Clinical
Staff
Family
Support Staff
© David Kelly 2022
- 23 -
Questions?
This Photo by Unknown Author is licensed under CC BY-SA-NC
© David Kelly 2022
- 24 -
Bio / Credentials
David has been in healthcare for over 16 years with
12+ of those in revenue cycle. He’s worked for
both small community hospitals and large ($10+ bn
health systems) as well as healthcare consulting
firms and life sciences organization. He received
his Masters in Health Services Administration in
2010, is a Fellow of the Healthcare Financial
Management Association (FHFMA) and a Certified
Revenue Cycle Representative.
He is an expert in patient-facing financial
interactions and has led efforts across his
background to reduce patient friction within the
admitting and registration process.
He resides in Ohio and works for Piedmont
Healthcare, Georgia’s largest non-profit health
system and supports their Patient Financial Care
division as a Director of Operations Effectiveness.
© David Kelly 2022
- 25 -
Sources
1 - Hospitals still aren't complying with transparency rules (axios.com)
2 - Hospital Price Transparency Compliance by State: 3 Takeaways (hcpricing.com)
3 - Overview of rules & fact sheets | CMS
4 - Americans planning to save, not splurge with tax refunds this year - iXtenso – retail trends
5 - Here's what Americans plan to spend more money on as inflation rises (cnbc.com)
6 - Survey Finds Majority of Healthcare Consumers Conditioned to Not Shop Around for the Best
Price (prnewswire.com)
7 - Americans Want Healthcare Price Transparency (lugpa.org)
8 - Association Between Availability of a Price Transparency Tool and Outpatient Spending | Health
Care Economics, Insurance, Payment | JAMA | JAMA Network
9 - Use patterns of a state health care price transparency web site: what do patients shop for? -
PubMed (nih.gov)
10 - Government‐Assisted Oligopoly Coordination? A Concrete Case - Albæk - 1997 - The Journal of
Industrial Economics - Wiley Online Library
11 - How does cost affect access to care? - Peterson-KFF Health System Tracker
© David Kelly 2022
- 26 -
Thank you

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No Surprises Act and Price Transparency: Going Beyond Compliance to Build Patient Trust and Protect Your Brand-David Kelly

  • 1. No Surprises Act and Price Transparency: Going Beyond Compliance to Build Patient Trust and Protect Your Brand David Kelly, MHSA, FHFMA
  • 2. © David Kelly 2022 - 2 - Table of Contents • Disclaimer • Regulatory Background • Social/Media Background • What do Patients Actually Want? • Moving past Compliance • Q&A • Speaker Bio • Sources
  • 3. © David Kelly 2022 - 3 - Introduction
  • 4. © David Kelly 2022 - 4 - Audience Survey By show of hands, what % of US Hospitals do you believe is FULLY compliant with the letter of the law in terms of Federal Price Transparency rules? • 10% • 25% • 50% • 75% • >90% True answer is probably “it depends” – definitions are still being challenged, and technical omissions could find you in trouble1
  • 5. © David Kelly 2022 - 5 - Disclaimer I am not a lawyer and this presentation should not be construed as legal or compliance advice. If you have specific legal or rules questions based on todays presentations, consult with your counsel and compliance departments.
  • 6. © David Kelly 2022 - 6 - Background
  • 7. © David Kelly 2022 - 7 - Regulatory Background In addition to federal laws and rules that we’ll discuss today, many states have their own laws, rules, and regulations. Compliancy2 varies widely – in part due to definitions of transparency – something we’ll come back to later.
  • 8. © David Kelly 2022 - 8 - No Surprises Act Numerous rules have been published regarding the No Surprises Act. CMS has a solid site3 available to help you navigate. Key highlights: • Balance Billing protections • Requirement to inform about cost sharing • Arbitration guidelines for patient-provider and payer-provider disputes
  • 9. © David Kelly 2022 - 9 - Price Transparency • Must be in a specific format and posted online • Has key elements that must be included Machine Readable File • At least 300 “shoppable services” • Key elements must be included Consumer-Friendly Display of Shoppable Services
  • 10. © David Kelly 2022 - 10 - Social / Media Background
  • 11. © David Kelly 2022 - 11 - Providers are Constantly in the News…
  • 12. © David Kelly 2022 - 12 - Patients First?
  • 13. © David Kelly 2022 - 13 - What Do Patients Actually Want? 4 5
  • 14. © David Kelly 2022 - 14 - Do Consumers Even Price Shop Healthcare? Data seems conflicted on this. • Released in early October6, data shows only ~1/3 Americans has ever priced shopped for healthcare • However, Data from 20207 shows 91% of people surveyed would price shop An anecdote from the ultimate price shopping community:
  • 15. © David Kelly 2022 - 15 - Is This All Even Worth It? Do broad patient populations make decisions primarily on cost? Some studies8,9 say NO. In the 1990’s, the Danish health system mandated transparency and saw prices go UP!10 This Brings Us to a Choice
  • 16. © David Kelly 2022 - 16 - Moving Past Compliance
  • 17. © David Kelly 2022 - 17 - Who / What are you Solving for? OR
  • 18. © David Kelly 2022 - 18 - Solving for Regulation (Compliance) This becomes a risk, reserves, and public image question Legal / Risk Compliance Analyze Exposure The letter of the law matters Ongoing discussions and assessment Marketing Media and Regulator Feedback Press Release(s) Social Media Stance Finance Financial Reserves Refund policies Staff Scripting Training Support!
  • 19. © David Kelly 2022 - 19 - Audience Survey – Digital Front Door By show of hands, how many of you have implemented, are implementing, or are evaluating a “digital front door” initiative in your organization? 8 Key Components of a Digital Front Door - iPro Healthcare (ipro- inc.com) Some Hospitals are Opening a ‘Digital Front Door’ | Deloitte US Digital Front Door Solutions & Patient Experience | Orion Health Creating a digital front door to the hospital (philips.com) A Digital Front Door Strategy: What It Is, Isn't, and Why You Need One - Relatient 5 Sources – Only 1 talks Estimation & Costs
  • 20. © David Kelly 2022 - 20 - Solving for Patients If you want to go beyond compliance, first things first: 1) Don’t confuse your Digital Front Door with meeting patient price transparency efforts. Their Venn overlaps a lot, but it isn’t the same. 1) Make this a priority. Disruptors are moving into this space, media and regulators are pushing, and patient expectations are high.
  • 21. © David Kelly 2022 - 21 - Some Tactics Figure out what YOUR patients in YOUR markets want Regulatory • Nuance to your approach • e.g. Minimal transparency files but heavy on Estimation Outcomes- Focus • Price Guarantees • NSA essentially dictates this already for Self Pay Changing Dynamics with Providers • Universal Billing • “All inclusive” approach Marketing and Media • Scripting and Patient Experience stance must be adjusted to match
  • 22. © David Kelly 2022 - 22 - Educate, Educate, Educate Offer Financial Counseling  Not just for inpatients  Credit and long-term payment options  The return of layaway  Counseling for patients’ bills beyond your own? Staff Education  Do ALL your team members understand your financial approach?  Do they get WHY this matters?  Impacts of Finances on Patients are bigger than ever, and impact care11 Patients Providers Nurses Caregivers/Clinical Staff Family Support Staff
  • 23. © David Kelly 2022 - 23 - Questions? This Photo by Unknown Author is licensed under CC BY-SA-NC
  • 24. © David Kelly 2022 - 24 - Bio / Credentials David has been in healthcare for over 16 years with 12+ of those in revenue cycle. He’s worked for both small community hospitals and large ($10+ bn health systems) as well as healthcare consulting firms and life sciences organization. He received his Masters in Health Services Administration in 2010, is a Fellow of the Healthcare Financial Management Association (FHFMA) and a Certified Revenue Cycle Representative. He is an expert in patient-facing financial interactions and has led efforts across his background to reduce patient friction within the admitting and registration process. He resides in Ohio and works for Piedmont Healthcare, Georgia’s largest non-profit health system and supports their Patient Financial Care division as a Director of Operations Effectiveness.
  • 25. © David Kelly 2022 - 25 - Sources 1 - Hospitals still aren't complying with transparency rules (axios.com) 2 - Hospital Price Transparency Compliance by State: 3 Takeaways (hcpricing.com) 3 - Overview of rules & fact sheets | CMS 4 - Americans planning to save, not splurge with tax refunds this year - iXtenso – retail trends 5 - Here's what Americans plan to spend more money on as inflation rises (cnbc.com) 6 - Survey Finds Majority of Healthcare Consumers Conditioned to Not Shop Around for the Best Price (prnewswire.com) 7 - Americans Want Healthcare Price Transparency (lugpa.org) 8 - Association Between Availability of a Price Transparency Tool and Outpatient Spending | Health Care Economics, Insurance, Payment | JAMA | JAMA Network 9 - Use patterns of a state health care price transparency web site: what do patients shop for? - PubMed (nih.gov) 10 - Government‐Assisted Oligopoly Coordination? A Concrete Case - Albæk - 1997 - The Journal of Industrial Economics - Wiley Online Library 11 - How does cost affect access to care? - Peterson-KFF Health System Tracker
  • 26. © David Kelly 2022 - 26 - Thank you