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Nov 19, 2023 •227 likes •407 views

EMPLOYERS FORUM OF INDIANA Welcome! National Hospital Price Transparency Conference: Path to Affordability Full speaker bios are on the conference website: https://employersforumindiana.org/conference/ Conference presentations will be on

  1. EMPLOYERS’ FORUM OF INDIANA Welcome! National Hospital Price Transparency Conference: Path to Affordability Full speaker bios are on the conference website: https://employersforumindiana.org/conference/ Conference presentations will be on this website AFTER the conference

  2. EMPLOYERS’ FORUM OF INDIANA WHAT’S FAIR? Gloria Sachdev, B.S. Pharm, Pharm.D. President & CEO, Employers’ Forum of Indiana Clinical Associate Professor, Purdue College of Pharmacy Adjunct Assistant Professor, Indiana University School of Medicine gloria@employersforumindiana.org March 5, 2019 National Hospital Price Transparency Conference: Path to Affordability Indianapolis, Indiana

  3. EMPLOYERS’ FORUM OF INDIANA AIM: To improve the value received by employers, employees, and the general public for their healthcare expenditures.

  4. WANT BEST VALUE = BEST QUALITY BEST PRICE

  5. PRICE TRANSPARENCY ANALYSIS • The Forum and RAND believe the best way to accomplish this is to report prices Objective: as a percent of commercial allowable paid to Medicare allowable paid for the To develop a exact same services per hospital, thus fair method to we report relative prices. compare • For Example: the report shows that hospital prices commercial plans paid Hospital “A” for public 200%, i.e. 2X more than what Medicare care paid and that Hospital “B” was reporting paid 350%, i.e. 3.5X more than what Medicare paid.

  6. BACKGROUND: INDIANA EMPLOYER HOSPITAL PRICE STUDY, RAND 1.0 • Study time period was July 2013 to June 2016 • ~225,000 covered lives in Indiana • 120 community hospitals in Indiana • All hospital inpatient and outpatient services • Total paid claims was $695 million • Full report of study findings published September 2017 and freely downloadable from RAND’s website: https://www.rand.org/pubs/research_reports/RR2106.html

  7. FORUM RAND STUDY 1.0 FINDINGS INDIANA HOSPITAL AVERAGE PRICE RELATIVE TO MEDICARE (COMBINED OUTPATIENT & INPATIENT PRICES) 2.72 3.58 2.17 Source: White, 2017, Hospital Prices in Indiana.

  8. FORUM RAND STUDY 1.0 FINDINGS Relative Prices are Trending Up Away From Medicare Source: White, 2017, Hospital Prices in Indiana.

  9. EMPLOYERS’ FORUM OF INDIANA WHAT’S A FAIR COMMERCIAL PRICE FOR HOSPITAL SERVICES?

  10. RAND U.S. Hospital Profit Margin Database Information • Included hospitals: • Medicare-Certified • Short-Stay, and General Medical/Surgical • Nonprofit, For-Profit, and Government Owned • Database consists of two groups: • Hospitals paid under the Medicare Inpatient Prospective Payment System (IPPS) • Critical Access Hospitals (CAH) • Excluded hospitals: • Long-Term Care Hospitals • Psychiatric/Cancer/Children’s/Rehabilitation Hospitals • Veterans Affairs hospitals

  11. Hospital Operating Profit Margins: Indiana vs U.S. 16.00% 12.7% 13.5% 14.00% 12.7% 12.5% 12.1% 11.8% 12.00% 10.4% 10.1% 10.00% 8.00% 7.4% 6.4% 5.5% 6.00% 2.5% 4.00% 2.5% 4.1% 3.0% 2.00% 2.7% 2.7% 2.6% 2.4% 2.5% 2.4% 2.3% 2.1% 0.00% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 National Average Indiana Average RAND Corp. Hospital Database http://hospitaldata.rand.org/ File Names: rand_hcris_cy_hosp_a_2018_09_01.csv.zip, rand_hcris_cy_st_a_2018_09_01.csv.zip, rand_hcris_cy_natl_a_2018_09_01.csv.zip

  12. Hospital Total Profit Margin: Indiana vs. U.S. 18.00% 15.3% 15.6% 15.3% 16.00% 14.0% 13.6% 14.00% 13.1% 12.7% 12.00% 10.8% 10.00% 8.3% 7.6% 8.00% 6.9% 4.5% 6.00% 6.2% 2.6% 5.0% 4.00% 4.9% 4.8% 4.7% 4.5% 4.4% 4.0% 3.9% 3.8% 2.00% 1.2% 0.00% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 National Average Indiana Average RAND Corp. Hospital Database http://hospitaldata.rand.org/ File Names: rand_hcris_cy_hosp_a_2018_09_01.csv.zip, rand_hcris_cy_st_a_2018_09_01.csv.zip, rand_hcris_cy_natl_a_2018_09_01.csv.zip

  13. LOOK UP HOSPITAL MARGINS IN YOUR STATE Steps to Obtain the Rand Profit Margin Database 1. Link: https://www.hospitaldatasets.org/ 2. Become a subscriber 3. Click data, download 3 datasets 1. Dataset 1: level of aggregation = hospital, time period = calendar year, vintage = 2018_09_01, data format=.csv, data errors corrected = yes (file name = "rand_hcris_cy_hosp_a_2018_09_01.csv.zip") 2. Dataset 2: level of aggregation = state, time period = calendar year, vintage = 2018_09_01, data format=.csv, data errors corrected = yes (file name = "rand_hcris_cy_st_a_2018_09_01.csv.zip") 3. Dataset 3: level of aggregation = national, time period = calendar year, vintage = 2018_09_01, data format=.csv, data errors corrected = yes (file name = "rand_hcris_cy_natl_a_2018_09_01.csv.zip") • The relevant columns in the .csv's are labeled "Total margin [total_margin]" and "Operating margin [operating_margin]" • The documentation and contents are freely available here: https://www.hospitaldatasets.org/data/dictionary/2019_02_01

  14. WANT BEST VALUE = BEST QUALITY BEST PRICE

  15. CMS HOSPITAL COMPARE MEDICARE.GOV 1. Heart attack 2. Heart failure 3. Heart bypass 4. Pneumonia 5. Chronic Obstructive Pulmonary Disease 6. Total knee/hip replacement

  16. KAISER HEALTH NEWS: HTTPS://KHN.ORG/NEWS/HOSPITAL-PENALTIES/ CMS Hospital Readmission Reduction Program

  17. NEXT….. It is Going to Take All of Us Working Collaboratively to Achieve Our Goal It is not what you look at that matters, it is what you see. -Henry David Thoreau

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