September 14, 2022

September 2022 CME Podcast

Price Transparency In Medicine: An Important Legislation That Every Resident, Fellow, and Physician Should Know

Chandra Bondugula, MD, MHI

Target Audience
Healthcare providers of all specialties may benefit from the information presented.

Description
Price transparency in health care is highly discussed amongst the academia, industry, and media. Unfortunately, physicians, residents, fellows, medical students, and the consumers/patients are less informed of the price transparency mandates. The webinar covers the three important mandates:

  • The CMS’ Hospital Price Transparency
  • Transparency in Coverage
  • No Surprises Act 

and how the Centers for Medicare & Medicaid Services (CMS) monitors and enforces the concerned stakeholders. The webinar also covers how price transparency impacts all the stakeholders. In addition, the North Alabama Internal Medicine Residency Program’s embracing of price transparency and incorporation of cost of care into the residency curriculum will be discussed.

Bio
Dr. Chandra Bondugula is a physician and a senior healthcare executive with over two decades of combined experience in patient care, healthcare administration, GME leadership, healthcare informatics, digital transformation, and healthcare innovation.

Dr. Bondugula is the founding ACGME Designated Institutional Official (DIO) and the Chairman of the graduate medical education committee (GMEC). He initiated and led the brand new Graduate Medical Education Program at North Alabama Medical Center, Florence, AL, a LifePoint Hospital. As a senior healthcare leader, he led the day-to-day hospital operations and engaged medical staff and operations teams in bringing process improvement outcomes. In addition, Dr. Bondugula led the internal medicine co-management value-based program for three consecutive years with improved quality and decreased cost of care.

He is a national speaker on price transparency and consumer empowerment. He gave multiple webinars and podcasts on Centers for Medicare and Medicaid Services (CMS) price transparency to educate all the healthcare stakeholders. He gives didactics to residents on Price Transparency, healthcare leadership administration and management (HALM), co-management, quality, and safety. He advocates incorporating the cost of care in the GME curriculum.

Dr. Bondugula serves on the boards of American College of Healthcare Executives (ACHE), Alabama Chapter, and Shoals Community Clinic, a non-profit organization.

Learning Objectives
At the conclusion of this activity, the attendee should be able to:

  1. Understand the legislation towards price transparency in health care.
  2. Recognize how price transparency is going to transform the US healthcare system.
  3. Appreciate the need to understand price transparency and how it will help deliver care to patients at lowered costs.

References

  1. Hospital Price Transparency. https://www.cms.gov/hospital-price-transparency
  2. Transparency in Coverage. https://www.cms.gov/healthplan-price-transparency
  3. Ending Surprise Medical Bills. https://www.cms.gov/nosurprises

Disclosure
Dr. Bondugula did not report any financial relationships or conflicts of interest.

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