Imagine recently having a medical procedure and you’re on the road to recovery. You’re beginning to feel well, planning to go back to work, and out of the blue, receive
Suzanne calls up Gloria Sachdev to discuss the Employer’s Forum of Indiana’s (EFI) latest tool, Sage Transparency. Sage Transparency is a tool that brings together public and proprietary data on hospital pricing and quality. It gives users access to price and quality data for thousands of hospitals across the United States—and it’s free!
So what do the data say? Well, they confirm a lot of what employer-purchasers are feeling at the moment.
“We’re seeing just about the fastest rate of health care inflation in our data ever.”
What’s a solution? Price Transparency Data.
We have all of this price transparency data, what are we going to do with it?
Well, we need a new model if we’re going to get consumers to use it. We have to get to them upstream, we have to make it really simple, and we have to change the incentives so that they save thousands of dollars by getting with the program.
Suzanne speaks to Marilyn Bartlett about the National Academy for State Health Policy’s (NASHP) Hospital Cost Tool and her role in creating it. NASHP’s interactive Hospital Cost Tool provides anyone from policymakers to researchers with insights into how much hospitals spend on patient care services. The tool also shows how those costs relate to both the hospital charges (list prices) and the actual prices paid by health plans.
So what do the data say? Well, they confirm a lot of what employer-purchasers are feeling at the moment.
“We’re seeing just about the fastest rate of health care inflation in our data ever.”
What’s a solution? Price Transparency Data.
We have all of this price transparency data, what are we going to do with it?
Well, we need a new model if we’re going to get consumers to use it. We have to get to them upstream, we have to make it really simple, and we have to change the incentives so that they save thousands of dollars by getting with the program.
In full disclosure, at the moment, I (thankfully) do not need knee surgery. But I might easily need it someday. I run a lot, my neighborhood is very hilly, and
