Employer Healthcare 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 Healthcare 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 Healthcare Price Transparency Project now compiles each RAND study into Sage TransparencyTM, a publicly-accessible dashboard that offers significant customization. This website also connects users to resources that examine how hospital prices are set, why price transparency matters, and how RAND studies and Sage Transparency are providing information that could create meaningful action in the healthcare marketplace.
RAND 5.0 Hospital Price Transparency Study
Employers, health plans, business coalitions, all-payer-claim-databases, and other organizations that have employer hospital claims databases will be included in RAND 5.0, the fifth in a series of Hospital Price Transparency Studies. Attend the 2024 National Healthcare Price Transparency Conference to hear the results of this upcoming study.
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.
Resources & FAQs
For those seeking additional information on the Employer Healthcare 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.