The "Hospital Price Transparency Act" requires hospitals to disclose prices for medical items and services, ensuring patients have access to clear pricing information. Hospitals must maintain a public list of standard charges for all facility items and services in a machine-readable format, updated at least annually. They are also required to provide a consumer-friendly list of at least 300 shoppable services, as specified by federal guidelines. The Department of Health will monitor compliance, and facilities that do not comply may face civil penalties and corrective action plans. Additionally, noncompliant facilities are prohibited from initiating collection actions against patients for debts incurred during periods of noncompliance, and must refund any payments made by patients if found in violation.

The bill also amends W.S. 35-2-905, allowing the division to impose conditions on a license, such as requiring the installation of a division-approved monitor or manager at the owner's expense, and to take actions like suspending admissions or revoking a license for violations of health and safety standards. The Department of Health is tasked with creating necessary rules for the act's implementation, which is set to take effect on July 1, 2025, except for certain sections that will take effect immediately upon completing legislative processes.

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