Sage Transparency, a free comprehensive web-based tool that incorporates hospital price, quality, and cost information, was unveiled at the National Hospital Price Transparency Conference. Sage Transparency includes data from leading health data sources for thousands of hospitals across the nation.
Employer Hospital Price Transparency Project
Employers’ Forum of Indiana commissioned the RAND Corporation in 2017 to conduct the first hospital price transparency study in the United States. The report, and subsequent reports in 2019, 2020, and 2022, became the foundation for the Employer Hospital Price Transparency Project. Thousands of employers submitted insurance claims showing the real prices of hospital care, and their cooperation allowed many to see behind the curtain for the first time. The price of health care is notoriously opaque in the United States.
Simply knowing hospital prices isn’t enough to align payment value, though. The Employer Hospital Price Transparency Project now compiles each RAND study into Sage Transparency, a publicly-accessible dashboard that offers significant customization which will be released May 5, 2022. This website also connects users to resources that examine how hospital prices are set, why price transparency matters, and how RAND studies and the new Sage Transparency are providing information that could create meaningful action in the healthcare marketplace.
RAND Hospital Price Transparency Studies
The RAND Hospital Price Transparency Studies are comprehensive reports that are part of an ongoing employer-led initiative to measure and report publicly the prices paid for hospital care at the hospital and service-line level. It uses claims data to compare hospital prices in order to enable employers to be better-informed shoppers for health plans and provider networks, and to report hospital prices relative to a Medicare benchmark.
Sage Transparency is a first-of-its-kind, web-based tool for employers, individuals, policy makers, and other interested parties to compare hospital price, quality, and cost information for thousands of hospitals across the United States. Users will be able to create hospital-level, customizable graphics and reports.
Resources & FAQs
For those seeking additional information on the Employer Hospital Price Transparency Project or how to use the RAND Studies and Sage Transparency to create meaningful change, we’ve compiled a helpful resource library and a list of frequently asked questions.
In the News
Read the latest news and announcements on the Price Transparency, the RAND studies, and Employers’ Forum of Indiana.
Indianapolis Business Journal