Price transparency webinar 7 14
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Healthcare Costs Exposed: The Push for Price Transparency
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Price transparency webinar 7 14
- 1. SPONSORED BY Healthcare Costs Exposed The Push for Price Transparency
- 2. Housekeeping WEBINAR SERIES SPONSORED BY Healthcare Costs Exposed - The Push for Price Transparency
- 3. Please use the questions box on your webinar dashboard to submit questions to our moderator Now speaking WEBINAR SERIES ? SPONSORED BY Jaclyn Schiff Moderator Editorial Programs Manager Modern Healthcare Healthcare Costs Exposed - The Push for Price Transparency
- 4. Welcome! During todayâs discussion, feel free to submit questions at any time by using the questions box A follow-up e-mail will be sent to all attendees with links to the presentation materials online WEBINAR SERIESWEBINAR SERIES ? SPONSORED BY Lana Djordjevic Senior Manager, Product Development Priority Health Paul Knudtson Director, Patient Access Saint Luke's Health System Maureen Mustard Director of Healthcare Analytics New Hampshire Insurance Department Jaclyn Schiff Moderator Modern Healthcare Healthcare Costs Exposed - The Push for Price Transparency
- 5. Please use the questions box on your webinar dashboard to submit questions to our moderator Now speaking WEBINAR SERIES ? SPONSORED BY Maureen Mustard Director of Healthcare Analytics New Hampshire Insurance Department Healthcare Costs Exposed - The Push for Price Transparency
- 6. Creation of a Claims Database ⢠2003 â Legislation created Comprehensive Healthcare Information System (CHIS) ⢠ââŚthe data shall be available as a resource for insurers, employers, providers, purchasers of health care, and state agencies to continuously review health care utilization, expenditures, and performance in NH and to enhance the ability of NH consumers and employers to make informed and cost-effective health care choices.â NH RSA 420-G:11-a Development of a Comprehensive Health Care Information System. ⢠Reports were created using the claims data that showed rising premiums and level utilization in the state. ⢠Legislators recognized a need for greater price transparency in the state 7/13/2016 Page 6
- 7. The start of transparency ⢠Rules went into effect in 2005, state first received claims data in 2006. ⢠Methodology was developed at the Insurance Department to show cost estimates using a bundled approach within a few months of receiving the data. ⢠A website was created to publish estimates for about 30 procedures in New Hampshire 7/13/2016 Page 7
- 8. NH Health Cost ⢠www.nhhealthcost.org website was originally launched in 2007 and revamped in 2016 7/13/2016 Page 8
- 9. Expanded Website ⢠Later in July, the website will have 100 cost estimates that include â Outpatient tests and procedures â Radiology â Laboratory services â Behavioral Health â Office Visits â Chiropractic Care â Physical Therapy â Sleep Studies â Dental Services ⢠Quality of Care Measures from National Sources 7/13/2016 Page 9
- 10. Product Innovation ⢠As of April 2015, approximately 79% of small group and 43% of large group fully-insured members in NH are in âsite-of-servicesâ benefit designs, which include incentives to use lower-cost providers http://www.nh.gov/insurance/reports/documents/2015_annual_report_cost_drivers.pdf ⢠Seeing the data through NH HealthCost helps insurance carriers better understand market prices for health care services, encouraging competition. 7/13/2016 Page 10
- 11. Trend towards low cost providers ⢠Members covered by carriers that were not in low-cost provider option plans also shift to lower-cost settings 7/13/2016 Page 11
- 12. Marketing Efforts ⢠NHID hopes to increase public awareness of the website to further promote use of lower cost providers. ⢠Sharing the tool with providers in hopes that they share cost information with their patients when referring them for procedures ⢠Seeking input for consumers about savings and experiences using the website 7/13/2016 Page 12
- 13. Thank You Contact Information New Hampshire Insurance Department 21 South Fruit Street, Suite #14 Concord, NH 03301 requests@ins.nh.gov Phone: (603) 271-2261 Fax: (603) 271-1406 TTY/TDD: 1 (800) 735-2964 www.nh.gov/insurance maureen.mustard@ins.nh.gov www.nhhealthcost.org7/13/2016 Page 13
- 14. Please use the questions box on your webinar dashboard to submit questions to our moderator Now speaking WEBINAR SERIES ? SPONSORED BY Lana Djordjevic Senior Manager, Product Development Priority Health Healthcare Costs Exposed - The Push for Price Transparency
- 15. ⢠Why transparency? ⢠Priority Healthâs journey ⢠PriorityRewards The score board ⢠Challenges and opportunities
- 20. Priority Healthâs journey Summer 2013 Published actual price ranges through partnership with Healthcare Bluebook January 2015 Cost Estimator, member specific out of pocket cost July 2015 PriorityRewards
- 23. Search by doctor
- 29. The score board ⢠9% Member engagement ⢠Issued over $350,000 in member Rewards ⢠More than $3.5M in savings
- 30. Challenges and opportunities ⢠Consumer engagement ⢠Understanding member behavior and how they shop for care ⢠The price/quality conundrum ⢠Quality vs. patient ratings ⢠Variations in billing practices ⢠Transparency to the greater population
- 32. Please use the questions box on your webinar dashboard to submit questions to our moderator Now speaking WEBINAR SERIES ? SPONSORED BY Paul Knudtson Director, Patient Access Saint Luke's Health System Healthcare Costs Exposed - The Push for Price Transparency
- 33. ⢠Fully integrated health system in metropolitan Kansas City ⢠10 hospitals, 1,200 physicians, 65 specialty services ⢠Locally owned, not-for-profit, faith-based for 130 years ⢠Reputation for innovation, quality and compassion ⢠World class cardiovascular disease outcomes research ⢠One of nationâs leading stroke reversal programs ⢠10,000+ employees ⢠Serving patients in 65 counties in Missouri and Kansas Saint Lukeâs Health System 2
- 34. Saint Lukeâs Health System 2
- 35. Pricing Transparency ⢠SLHS complies with all CMS, IRS and ACA regulations. ⢠SLHS received recognition from HFMA as an adopter of the Patient Financial Communications Best Practices. ⢠For pricing transparency to be meaningful a personalized price estimate is needed.
- 36. Why ⢠It is the right thing to do for our patients! ⢠Patients really donât understand their benefits. ⢠Too late by the time the patient receives their statement. ⢠Patient complaints that someone should have told them how much to expect.
- 37. Scheduled Patientâs ⢠SLHS performs approximately 40,000 price estimates annually. ⢠For patients with expected out of pocket responsibility. ⢠Exclude patients with a secondary. ⢠Exclude patients with Medicaid. ⢠Comments from patients when contacted about estimate responsibility. ⢠âThank you, I had no idea.â ⢠Lotâs of great feedback from patients that signed up for exchange plans. ⢠Patient Example. ⢠Patient with a $5,000 deductible and did not know her deductible was so high. ⢠Patient elected to postpone her procedure until she could save some money to cover her estimated out of pocket costs on this elective procedure.
- 38. Price Shopper ⢠SLHS has a Customer Service team that will take calls, emails or letters from patients requesting pricing information. ⢠A personalized price estimate is performed for each patient that contacts us requesting an estimate. ⢠Website has information about how to contact the team, apply for Financial Assistance and our pricing transparency policies.
- 39. Results ⢠Customer service score for the question, âMy insurance matters and financial obligations were clearly explained.â YearYearYearYear TopTopTopTop BoxBoxBoxBox PercentilePercentilePercentilePercentile RankingRankingRankingRanking 2010 58.4% Not Available 2011 55.9% 73rd 2012 58.4% 79th 2013 57.2% 66th 2014 66.8% 99th 2015 70.8% 99th
- 40. SPONSORED BY Q&A
- 41. Thank you for attending Thanks also to our panelists Expect a follow-up email within two weeks with links to presentation materials and information about how to offer feedback. For more information about upcoming webinars, please visit ModernHealthcare.com/webinars WEBINAR SERIES i SPONSORED BY Healthcare Costs Exposed - The Push for Price Transparency Lana Djordjevic Senior Manager, Product Development Priority Health Paul Knudtson Director, Patient Access Saint Luke's Health System Maureen Mustard Director of Healthcare Analytics New Hampshire Insurance Department