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HealthcareWebSummit: Transparent Cost Networks: a Consumer Driven Solution
 
Overview
A transparent cost network (TCN) makes cost information available to members by provider and procedure along with the members’ resulting cost sharing. Members are able to compare providers directly to see what they will pay in advance of the service being performed.

In no other area of our economy do consumers receive services where they do not know the cost in advance and are not able to make comparisons to alternative suppliers. As a result, healthcare provider costs have remained immune from the economic forces that could control them. This immunity has contributed to greatly increasing provider costs, a major component in today’s rising healthcare costs.

The lack of price information stems from the confidential nature of negotiations between providers and payors. Providers compete with each other trying to get the highest payment from payors, and payors compete with each other trying to set the lowest payments to providers. In hopes of getting the best deal, both providers and payors want their negotiated rates to be kept confidential. Information is kept from the consumer that is necessary to make the best choices and drive an improved market.

A transparent cost network is designed to break down this limitation, giving consumers the price information they need to make informed decisions. Payors that can deliver this valuable product offering to consumers will likely gain market share for this lower-cost product.

Join Milliman's Will Fox as he discusses the issues, implications and components of a transparent cost network, and the specific approach and steps involved in implementing the network.
 
Learning Objectives
Participants will be able to:
  1. Explore the strategic and marketplace forces that create the Transparent Cost Network opportunity
  2. Understand the components and implications of a Transparent Cost Network
  3. Examine how the relative cost of each provider can be communicated using a single number (the multiplier of the base schedule) and this relativity will apply regardless of the service
  4. Ascertain the six step approach for implementing a Transparent Cost Network
  5. Consider how Transparent Cost Networks can align with Medical Homes and Accountable Care Organizations
  6. Engage in interactive learning through online question submission, attendee feedback and opportunity for follow up questions, and networking with attendees, faculty and other professionals through a dedicated LinkedIn group
 
Who Should Attend
Interested attendees would include:
  • C-Suite Executives
  • Provider Contracting Executives and Staff
  • Provider Network Executives and Staff
  • Strategy, and Planning Executives and Staff  
  • Consumer Driven and Consumerism Product Executives and Staff
  • Product Development Executives and Staff
  • Actuarial Executives and Staff
  • Business Development Executives and Staff
  • Marketing and Business Intelligence Executives and Staff
  • Other Interested Parties

Attendees would represent organizations including:

  • Health Plans
  • Provider Networks
  • Hospitals
  • Medical Groups
  • Consumer Driven Care Organizations
  • Third Party Administrators
  • Employers
  • Government Agencies
  • Pharmaceutical Organizations
  • Solutions Providers
  • Associations, Institutes and Research Organizations
  • Media
  • Other Interested Parties
    •
 
Registration
Transparent Cost Networks - a consumer driven solution
 
  Individual Registration Fee: $195. Audio Conference CD-ROM: $40 for attendees; $285 for non-attendees after the event.

Corporate Site licensing also available. Click here to register or call 209.577.4888 We look forward to your participation in this event!

  
 

  

  

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