Study: No link between offering price transparency tool and lower healthcare spending

http://www.beckershospitalreview.com/finance/study-no-link-between-offering-price-transparency-tool-and-lower-healthcare-spending.html

Image result for Study: No link between offering price transparency tool and lower healthcare spending

 

Offering a price transparency tool to a large insured population in California did not result in decreased healthcare spending, according to a study published in Health Affairs.

For the study, researchers analyzed the experience of beneficiaries of the self-insured California Public Employees’ Retirement System, a benefit manager for the state’s public employees, their dependents and retirees. CalPERS offered beneficiaries enrolled in an Anthem Blue Cross preferred provider organization a commercial price transparency tool called Castlight. Castlight was introduced to beneficiaries on July 1, 2014, and researchers conducted the study from July 1, 2012, to Sept. 30, 2015. Researchers said they specifically focused on “shoppable” services such as lab tests, office visits and advanced imaging services.

The study found no link between shoppable services spending and Castlight. Researchers said only 12.3 percent of beneficiaries offered the price transparency tool used it to conduct a price search at least once in the 15 months after it was introduced. Only 2.4 percent of beneficiaries used it at least three times during the 15 months, and 3.9 percent used it at least twice for searches with at least 30 days between searches.

The study found beneficiaries that did a price search prior to receiving imaging services on average paid 14 percent less than those who did not do a price search prior to those services. Researchers said only 1 percent of beneficiaries who received advanced imaging conducted a price search.

“We did not find evidence that offering a price transparency tool was associated with a reduction in spending on shoppable services. Patients’ use of the tool was associated with lower-price imaging services, but because use of the tool was so limited, this result did not translate into meaningful spending reductions among the population offered the tool,” the study’s authors concluded.

Frost and Sullivan’s 9 healthcare predictions for 2017

http://www.healthcarefinancenews.com/slideshow/frost-and-sullivans-9-healthcare-predictions-2017?p=0

Lazy Image

 

The Promise and Pitfalls of Bundled Payments

http://www.commonwealthfund.org/publications/blog/2016/sep/bundled-payments?omnicid=EALERT1095386&mid=henrykotula@yahoo.com

Why Bundled Payments?

Under bundled payments, a single payment is made for all of the services associated with an episode of care, such as a hip or knee replacement or cardiac surgery. Services might include all inpatient, outpatient, and rehabilitation care associated with the procedure.

There are a number of potential advantages to this payment approach. Bundled payments give providers strong incentives to keep their costs down, including by preventing avoidable complications. Bundled payments also can encourage collaboration across diverse providers and institutions, as well as the development and implementation of care pathways that follow evidence-based guidelines. In addition, bundles target the work of specialists, who have been less likely up to now than primary care physicians to participate in value-based payment arrangements.

More conceptually, health care economists are drawn to bundled payments because a bundle of care constitutes a clinically and intuitively meaningful “product” — in this case, the clinical episode. Defining clear products in health care helps create markets in which providers directly compete on quality and price. One barrier to effective health care markets has been that prices, when available, tend to relate to inputs into clinical care — such as pills, bandages, bed days, or X-rays — that are not meaningful to consumers of care and that don’t necessarily predict the total costs of care. For example, a health system that charges a lot for X-rays may still be more efficient because it uses fewer of them or saves money on other inputs. Bundles bring all these inputs together into a single price for a single basket of services.

Mr. Trump, Here’s Some Health Policy Advice — From a Physician

http://www.medpagetoday.com/Blogs/KevinMD/57318?xid=fb_o_

hospital-money

Free-market healthcare won’t last long in modern society, says Saurabh Jha, MD

The Next Big Debate in Health Care

http://blogs.wsj.com/washwire/2016/06/30/the-next-big-debate-in-health-care/?utm_campaign=KFF-2016-Drew-WSJ-June-30-adequacy-coverage&utm_medium=email&_hsenc=p2ANqtz–xQ5m7mTzVOQDJ-gEuLbZl7pkPEfb_Iw0ezewQc1ln7AN8seXIMO73B28qbm9dojkj8aBYyKmMoIvL46iTkyv7FWksVw&_hsmi=31195410&utm_content=31195410&utm_source=hs_email&hsCtaTracking=ed044791-0cff-437c-b853-bcb03570f762%7C6f34b697-a7d1-4d2a-b580-e9d37afa69ac

Source: Kaiser Family Foundation analysis of Truven Health Analytics MarketScanCommercial Claims and Encounters Database, 2004-2014; Bureau of Labor Statistics, Seasonally Adjusted Data from the Current Employment Statistics Survey, 2004-2014 (April to April).

With 91% of the population now covered by some form of health insurance, and the coverage rate higher in some states, the next big debate in health policy could be about the adequacy of coverage. That particularly means rising payments for deductibles and their impact on family budgets and access to care. This is about not just Obamacare but also the many more people who get insurance through an employer.

It’s not clear whether deductibles will continue to rise as they have over the past decade. Rising cost-sharing is not employers’ preferred strategy  for containing health costs, but it’s the one they resort to when they need to quickly reduce their annual premium increase. If the economy weakens again employers will feel greater pressure to reduce their health-benefits costs, and the trend toward higher deductibles will be more likely to continue. The question of how much cost-sharing is too much, and what to do about it, could be the next big debate in health care–once the political world moves on from its focus on the ACA.

How Small Ideas Are Helping to Bend the Health Care Cost Curve

http://www.thefiscaltimes.com/2016/04/10/How-Small-Ideas-Are-Helping-Bend-Health-Care-Cost-Curve

Even as overall U.S. health care spending grew by 5.3 percent in 2014 – reaching a jaw-dropping $3 trillion — the healthcare industry has made some important strides in trying to bend the overall cost curve in the coming years, according to some experts. Since the advent of the Affordable Care Act in 2010, for instance, the move away from so-called fee-for-service that maximizes costs for insurers and patients by encouraging excessive billings has begun to make some inroads in overall spending.

That Surgery Might Cost You A Lot Less In Another Town

http://www.npr.org/sections/health-shots/2016/04/27/475880565/that-surgery-might-cost-you-a-lot-less-in-another-town?utm_campaign=KHN%3A+First+Edition&utm_source=hs_email&utm_medium=email&utm_content=29019630&_hsenc=p2ANqtz–ZU5QCSGBGTG0mnWwTQhhEHaDtd2QLMFCYLTX-_uUyFRk5l_c28-gKV9A5uQH2TKQs9YIsqXRNZ7MArrT4F1dUNLEBPw&_hsmi=29019630

medical-shopping-cart

Huge health care price differences even within same area, by state

http://www.usatoday.com/story/news/politics/2016/04/27/huge-health-care-price-differences-even-within-same-area-state/83340550/?utm_campaign=KHN%3A+First+Edition&utm_source=hs_email&utm_medium=email&utm_content=29019630&_hsenc=p2ANqtz-_UYKRZoBYVdk7Tk6_O8JdSudMySem5hCqOZhASTjeuwLeZD-YfEUk3Omdt1Ao-ZDLmp4Ri4NnNep20XdeGrtbXRNWxdw&_hsmi=29019630

Home

http://www.guroo.com/#!

Experts assess Trump’s 7-point healthcare plan

http://managedhealthcareexecutive.modernmedicine.com/managed-healthcare-executive/news/experts-assess-trump-s-7-point-healthcare-plan?cfcache=true

Trumpcare

Only Skin Deep: Why Patients Don’t Shop for Health Care

http://www.chcf.org/articles/2016/03/why-dont-patient-price-shop?_cldee=aGVucnlrb3R1bGFAeWFob28uY29t

California Health Care Foundation - Health Care That Works for All Californians