Employers’ Forum of Indiana has developed a first-of-its-kind tool that brings together public and proprietary data on hospital pricing and quality. Sage Transparency, a free hospital value dashboard, gives users access to price and quality data for thousands of hospitals across the United States. Sage Transparency is an interactive, customizable dashboard which displays data from a variety of sources in an easy-to-understand way.
Data sources include:
- RAND National Hospital Price Transparency Study (current data set: RAND 4.0)
- National Academy for State Health Policy
- Turquoise Health
- Quantros / Healthcare Bluebook
- Centers for Medicare and Medicaid Services
Data sources used in Sage Transparency will be queried once a quarter to obtain the most current information from each source if updates have been made.
A key metric in Sage Transparency’s reports is the price of health care as a percentage of the Medicare reimbursement rate. The Medicare rate is the amount of money Medicare pays providers for specific services. If a hospital’s overall prices are 2.5 times what that same hospital would charge Medicare for the same services, Sage Transparency would express that hospital’s price as 250% of Medicare (the relative price).