Using CAA-Mandated Price Transparency To Lower Healthcare Spend

Recently RAND released the fifth in a series of employer focused reports: “Prices Paid to Hospitals by Private Health Plans”, the fifth in a series of employer-led transparency reports, developed in conjunction with the Employers Forum of Indiana and funded by the Robert Wood Johnson Foundation.   In this report, they focus on average prices paid for hospital services. According to CMS, in 2022, hospital spending accounted for 42% of total personal healthcare spending, making it a great subset of costs to study. But hospital services are not responsible for the majority of costs.

Adaptive Advantage

In an ever-shifting business landscape, adaptability isn’t just a trait—it’s a competitive advantage. Companies that embrace change, learn from challenges, and pivot when necessary are the ones that not only survive but also thrive in uncertain environments.

The Promise of Failure Analysis in Healthcare

Most of us don’t think twice about getting on a commercial airline. The odds of dying on even the worst 39 airlines is 1 in 1.5 million or a .0000006% chance of death. This is more than five times better than Six Sigma quality (defect levels below 3.4 per million).