Hospital Pricing Specialists LLC is a 10-year old company that specializes in benchmarking hospital prices in order for hospitals to set market-defensible prices. Over 600 hospitals throughout the United States utilize HPS hospital pricing reports.
On August 2, 2018, the Centers for Medicare & Medicaid Services (“CMS”) issued a final rule (CMS-1694-F) specifically requiring hospitals by 1/1/19 to "make available a list of their current standard charges, including for diagnosis-related groups established under section 1886(d)(4) of the Social Security Act, via the Internet in a machine readable format and to update this information at least annually, or more often as appropriate."
In response to this mandate, HPS offers a robust, cost-effective solution called C3 (CMS Charges Compliance). Moreover, C3 allows hospitals to simultaneously comply with CMS and optimize their charges for a more favorable market position.