Insurers, Not-for-Profit Creating Health Care Transparency Tool
May 14, 2014 in News
On Wednesday, three large U.S. health insurers and a not-for-profit organization announced a partnership to create an online portal aimed at increasing access to health care cost and quality data, Modern Healthcare reports.
Details of Online Portal
The not-for-profit Health Care Cost Institute will work with Aetna, Humana and UnitedHealthcare to create the online health care cost transparency tool, which is expected to launch in 2015.
The portal will include aggregated data about health care services’ cost and quality from:
- Commercial health plans;
- Medicare Advantage plans, pending state approval; and
- Medicaid health plans, pending state approval (Demko, Modern Healthcare, 5/14).
According to the announcement, HCCI will create and manage the portal, while the insurers will provide the health care information.
According to the announcement, information on the portal will be available to:
- Health care providers;
- Regulations; and
- Payers (HCCI release, 5/14).
HCCI Executive Director David Newman said the portal will provide “a single source of consistent, transparent health care information based on the most reliable data available, including actual costs, which only insurers currently have.”
He added, “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” (Modern Healthcare, 5/14).