Overview
At Cape Fear Valley Health, we are committed to providing our patients with clear and accessible pricing information for the services we offer. Understanding the cost of healthcare is essential for making informed decisions about your medical care. Our price transparency initiative aims to empower patients by providing them with the necessary information to navigate their healthcare expenses effectively.
Federal Rules and Regulations
In accordance with the federal Transparency in Coverage rule, all hospitals are required to disclose their pricing information. This regulation mandates that healthcare providers, including Cape Fear Valley Health, make available the following:
- Machine-Readable Files: These files contain detailed pricing information for all covered services, including negotiated rates with insurance companies and out-of-network costs.
- User-Friendly Estimates: Hospitals must also provide a consumer-friendly format that allows patients to easily access estimated prices for common services.
These regulations were established to promote transparency in healthcare pricing and to help patients understand the costs associated with their care.
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What Does This Mean for me?
For patients, the implementation of price transparency means:
Informed Decision-Making:
Patients can access pricing information before receiving care, allowing them to compare costs and make informed choices about their healthcare providers.
Reduced Surprises
By understanding the potential costs associated with their treatment, patients can better anticipate their out-of-pocket expenses and avoid unexpected bills.
Empowerment
With access to clear pricing information, patients can engage in discussions with their healthcare providers about costs and treatment options, fostering a more collaborative approach to their care.
At Cape Fear Valley Health, we are dedicated to ensuring that our patients have the information they need to make informed decisions about their healthcare. We encourage you to explore our pricing resources and reach out to our billing department if you have any questions or need assistance.