Hospital Outpatient Department Truth-in-Advertising Act of 1997

Hospital Outpatient Department Truth-in-Advertising Act of 1997 - Amends title XVIII (Medicare) of the Social Security Act to prohibit payment under Medicare part A (Hospital Insurance) or part B (Supplementary Medical Insurance) for any expenses incurred for items or services for hospital outpatient services unless the facility in which they are furnished is located in: (1) the same building in which the hospital provides inpatient hospital services; (2) a building located on land contiguous to such a building; (3) a building the hospital used for the furnishing of hospital outpatient services as of September 25, 1997; or (4) a building of an entity that, as of such date, had entered into a binding contract with the hospital under which the hospital will provide services in such building.