Health Insurers, HCCI Partner to Develop Transparency Tool | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Health Insurers, HCCI Partner to Develop Transparency Tool

May 15, 2014
by Rajiv Leventhal
| Reprints

Three of the nation’s largest health insurance companies and the Health Care Cost Institute (HCCI) have partnered to develop and provide consumers free access to an online tool that will offer consumers information about the price and quality of healthcare services.

The independent, not for profit HCCI will work with Aetna, Humana and UnitedHealthcare to create and administer this information portal, which is expected to be available in early 2015. The health benefit companies will provide information on healthcare costs to HCCI, which will maintain and manage access to the information in a highly secure, protected environment.

The new transparency tool that HCCI is developing will aggregate pricing data from commercial health plans, as well as Medicare Advantage and Medicaid health plans, if the states agree. The information will be available to consumers, purchasers, regulators and payers.

Other major carriers have expressed interest, and HCCI says that it expects additional carriers to participate in the near future and be part of the initial release in early 2015. Participating insurers will continue to offer their own cost transparency tools and solutions as well. The cost data will be supplemented with quality and other information to provide consumers a transparent and comprehensive destination to make more informed decisions about healthcare.

HCCI says it expects the transparency platform will continue to be refined in subsequent releases after its introduction. For example, future updates of the tool are expected to include more comparison features and, in the longer term, data from fee-for-service Medicare and Medicaid programs, as and when it becomes available.

“Consumers, employers and regulatory agencies will now have a single source of consistent, transparent healthcare information based on the most reliable data available, including actual costs, which only insurers currently have,” David Newman, executive director of HCCI, said in a news release. “Voluntarily making this information available will be of immeasurable value to consumers and other health system participants as they seek to manage the cost and quality of care.”

Read the source article at MarketWatch

Topics

News

Former Health IT Head in San Diego County Charged with Defrauding Provider out of $800K

The ex-health IT director at North County Health Services, a San Diego County-based healthcare service provider, has been charged with spearheading fraudulent operations that cost the organization $800,000.

Allscripts Touts 1 Billion API Shares in 2017

Officials from Chicago-based health IT vendor Allscripts have attested that the company has reached a new milestone— one billion application programming interface (API) data exchange transactions in 2017.

Dignity Health, CHI Merging to Form New Catholic Health System

Catholic Health Initiatives (CHI), based in Englewood, Colorado, and San Francisco-based Dignity Health officially announced they are merging and have signed a definitive agreement to combine ministries and create a new, nonprofit Catholic health system.

HHS Announces Winning Solutions in Opioid Code-a-Thon

The U.S. Department of Health and Human Services (HHS) hosted this week a first-of-its-kind two-day Code-a-Thon to use data and technology to develop new solutions to address the opioid epidemic.

In GAO Report, More Concern over VA VistA Modernization Project

A recent Government Accountability Office (GAO) report is calling into question the more than $1 billion that has been spent to modernize the Department of Veterans Affairs' (VA) health IT system.

Lawmakers Introduce Legislation Aimed at Improving Medicare ACO Program

U.S. Representatives Peter Welch (D-VT) and Rep. Diane Black (R-TN) have introduced H.R. 4580, the ACO Improvement Act of 2017 that makes changes to the Medicare accountable care organization (ACO) program.