Employers seek value and the prices they pay hospitals varies substantially – even after adjustments for patient acuity, the local cost of living, labor mix, amount of uncompensated care, and several other factors.
The RAND Corporation research study 3.0 found that prices paid to hospitals by privately insured patients, as compared to Medicare, varied widely across hospitals. The study used paid claims from 2016 thru 2018 across 49 states and found tremendous variation within and across markets.
While price is very important, it’s only one-half of the healthcare value equation – one must also look at the quality of care rendered. Quantros and the National Alliance are providing the first level of value-based provider assessment by combining the reliability of avoiding adverse patient events alongside the prices paid
Variation in value is wide and ubiquitous – across,
as well as, within virtually any given hospital.
Locations of National Alliance Members
The Quality – Price Connection
Quantros has been a trusted provider, of accurate, risk-adjusted healthcare analytics and insights into inpatient performance for nearly 30-years.
Purchasers of healthcare should have reliable, risk-adjusted resource that uncovers the intersection of quality and cost in their market. So that they may make data-drive partnership decisions for better health for all.
Download our custom spreadsheet of data that highlights the intersection of cost and quality. Fill out the form to get started!