There is a new federal rule in 2019 that requires all hospitals to post their standard current charges.
This new information is required by CMS, the Centers for Medicare and Medicaid Services. However, we and other hospitals believe that this new information is difficult for patients to use to estimate the costs they will have to pay. The standard charges shown in the required tables do not account for a patient’s insurance plan coverage, financial need or any other factors that may affect the patient’s final costs.
It is recommended that patients contact their health insurer to verify their estimated out-of-pocket costs. Any Loring Hospital customer may also call 712-662-7105 to talk to one of our financial counselors regarding out of-pocket cost estimates that take insurance and financial need into account.
Loring Hospital supports price transparency and is continually making changes to provide more useful financial information about charges and costs for our patients and families.
Click Here for Loring Hospital Price Transparency