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.

Need Help with Estimates?

Click here to use our Consumer Friendly estimate tool for our most common procedures.

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.

Machine Readable Files

For each hospital item or service provided to patients, the Machine Readable File of Items and Services specifies the hospital standard (gross) charge, discounted cash price (for an individual who pays cash), and the minimum and maximum charge that a hospital has negotiated with a third-party payer. Additionally, this file contains payer-specific negotiated charge amounts as required by CMS.

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.