A Cleverley Response to The Price Transparency Executive Order
Some of our clients inquired as to how the recent transparency executive order might affect the current machine readable file template. While the executive order from February 25, 2025, titled “Empowering Patients Through Radical Price Transparency,” affirms this administration’s commitment to price transparency, it does not specify changes to the machine readable file template at this time.
It’s clear that this administration is focusing on some of the same healthcare goals as 2020 and 2021, aiming to curb healthcare pricing by making the market more transparent and competitive. This has long been a bipartisan interest, and this executive order seems to redouble the emphasis on these changes. Cleverley + Associates has been following all the twists and turns, and you can catch up with our Price Transparency summary here.
The continued political focus on Price Transparency reflects the concern (often espoused by the media) that hospitals are not complying with current regulations. We explored this claim in a previous post, but regardless of how closely hospitals are following the rules, it hasn’t been enough to assuage the concerns of government at the highest levels.
We agree that transparency is important. Patients should know necessary information about the cost of the care in order to make informed decisions. To this end, we have focused our efforts not only on helping hospitals understand and complete their Price Transparency files, but also consult them in ways they can continue to be competitive and profitable, especially when compared with their neighbors.
We understand that Price Transparency is important to our clients. It’s also important to us. We recently took part in an HFMA/AHA session to raise awareness of the latest Price Transparency updates.
The good news is that, for our organization and the hospitals that work with us, our files remain compliant with both the letter and spirit of the regulation and we’re proud to keep offering our services to organizations concerned with conforming to new and sometimes changing guidelines. We organize our files to provide not only required information, but also format the data in the most useful and understandable manner.
Cleverley + Associates will continue to monitor changes to the regulations in the coming months and years. In regard to this specific executive order, additional information could result within 90 days and we plan to highlight any new actions that would be required.
If you are concerned about your hospital’s compliance or have questions about the Price Transparency guidelines, we’d love to hear from you!