Panacea to Focus on How to Meet the CMS Price Transparency Rule at Becker's Hospital Review 10th

ST. PAUL, Minn. - March 21, 2019 - PRLog -- Panacea, a leading provider of mid-revenue cycle management software, consulting and educational solutions, will be focusing on helping healthcare organizations attending the Becker's Hospital Review 10^th Annual Meeting, being held in Chicago April 1 through 4, ensure they are meeting the price transparency requirements recently clarified by the Centers for Medicare & Medicaid Services (CMS).

"Pricing transparency requires you to have the right answers to three key questions," said Ted Barduson, President and General Manager of Panacea. "First, Did you re-align your 2019 CDM prices with cost, market, fee schedule and other benchmarks so that published prices are defensible? Second, Did you publish your average DRG charges and drug and biological prices as required by CMS? Third, What methodology did you use to assess your drug pricing and is it a "best practice" methodology? The correct answers to these questions may determine your compliance with the minimum requirements and preparation for the public scrutiny of the CMS 2019 pricing transparency rule. As the industry leader in rational hospital, physician and drug pricing, Panacea is making this its primary focus at the Becker's annual conference."

Panacea will be exhibiting at the Becker's Hospital Review 10^th Annual Meeting in booth 1322. In its booth the company will have more information on how organizations can evaluate whether they are meeting the CMS pricing transparency requirements and discuss how to create a focused and actionable strategic plan around emerging competitive threats, price sensitivity and consumerism.

At the meeting, Panacea will also be giving away an Operational Price Transparency Package. This package includes a 4-hour pricing strategy session with one of Panacea's expert pricing consultants as well as a peer analysis report. This report will provide actionable data with up to 10 peers from the organization's local or regional area. Attendees can register to win this valuable prize by visiting the Panacea booth.

Panacea has been providing pricing and healthcare financial consulting for over a decade. Its Hospital Zero-Base Pricing® system, which is trusted by prominent health systems nationwide, helps healthcare organizations establish and maintain rational and defensible chargemaster prices when a host of variables such as volume, case-mix, market data and more change each year. This software has received the coveted Peer Reviewed by HFMA® designation for six consecutive years

Visit Panacea at the Becker's Hospital Review 10^th Annual Meeting in booth 1322 or find more information at panaceainc.com (http://www.panaceainc.com/) or by calling 1-866-926-5933.

About Panacea

Panacea, a Career Step company, helps healthcare organizations improve their bottom lines and strategic market positions with front-line expertise in revenue-cycle management, smart software and enterprise-level educational solutions. Designed for the healthcare professionals responsible for financial performance or compliance, Panacea helps identify opportunities and overcome today's challenges, providing the clear answers needed to swiftly and cost-effectively achieve quality results. More information is available at panaceainc.com.