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When a patient is placed in observation, is it required to provide the patient with a notice explaining observation status?

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When a patient is placed in observation, is it required to provide the patient with a notice explaining observation status?

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CMS does not currently require notification of the beneficiary when outpatient observation level of care is used. However, it is recommended that hospitals inform patients of their status as beneficiaries are often unaware of the difference between observation and inpatient admission and the associated financial impact.

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