Our health care system consumes vast economic resources without producing commensurate health benefits. Employers, as purchasers of health benefits, have typically not played an active role in promoting the value of care or agreed on a strategy for doing it.
While the report from round 2 of the hospital price transparency study sheds light on hospitals in 25 states, work remains to be done. RAND is currently expanding the scope of our analysis to include additional self-funded employers. Participating self-funded employers in this round (Round 3) of the study will have the option of receiving customized reports with hospital prices faced by their employee population. The more states and the more hospitals per state that participate in RAND 3.0, the more valuable it becomes to employers as it helps inform their local strategy towards paying for value.
This is the first broad-based study that reports prices paid by private health plans to hospitals identified by name and to groups of hospitals under joint ownership (hospital systems) identified by name.
- OPTION 1: No charge (free) for contributing claims data to RAND for the PUBLIC report (grant funding is supporting this work), or
- OPTION 2: For employers, who in addition, will have a PRIVATE employer-level report: $0.20 per member (min of $1000, up to a max of $15,000 for jumbo employers)
Enrollment for Rand 3.0 is now closed. Sign up to receive information about future studies.
For additional details about RAND 3.0, visit our Frequently Asked Questions page.