The "Hospital Price Transparency Act" requires hospitals to publicly disclose their pricing for medical items and services in a machine-readable format. This includes maintaining a comprehensive list of standard charges, such as gross charges, negotiated charges, and discounted cash prices. Hospitals are also mandated to provide a consumer-friendly list of at least 300 shoppable services, which must be updated annually and accessible without requiring personal information. 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 noncompliance, allowing patients to contest such actions in court.

The bill also amends W.S. 35-2-905 to empower the division to impose conditions on a license, including 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, with certain sections becoming effective immediately upon legislative completion.

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