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Amanda Eisel

👤 Person
164 total appearances

Appearances Over Time

Podcast Appearances

McKinsey on Healthcare
Unlocking the power of price transparency data

So quality information, because that's really what we need.

McKinsey on Healthcare
Unlocking the power of price transparency data

Again, back to every other industry.

McKinsey on Healthcare
Unlocking the power of price transparency data

Those are the two things that we need to be able to bring together to really advance the way consumers shop for healthcare.

McKinsey on Healthcare
Unlocking the power of price transparency data

And then I think on the other side of it, it's the, you know, healthcare is notorious for being a black box on the rates that are negotiated between payers and providers.

McKinsey on Healthcare
Unlocking the power of price transparency data

And it has been a black box.

McKinsey on Healthcare
Unlocking the power of price transparency data

So this is the first time that that information is being made public so that each side can come to the table with a more perfect understanding of how they compare to their peers and what's being negotiated.

McKinsey on Healthcare
Unlocking the power of price transparency data

How good is the data?

McKinsey on Healthcare
Unlocking the power of price transparency data

We're early in the journey.

McKinsey on Healthcare
Unlocking the power of price transparency data

I'm going to say it that way.

McKinsey on Healthcare
Unlocking the power of price transparency data

And I want to put this in context of when these regulations came out at the time, again, a couple of years ago, but the timeline that was put on them for

McKinsey on Healthcare
Unlocking the power of price transparency data

Both providers and the payer side to be compliant was relatively short.

McKinsey on Healthcare
Unlocking the power of price transparency data

It was about 12 months.

McKinsey on Healthcare
Unlocking the power of price transparency data

And at the time, so many people said, okay, this is going to get pushed because that's just not possible.

McKinsey on Healthcare
Unlocking the power of price transparency data

Well, it didn't get pushed.

McKinsey on Healthcare
Unlocking the power of price transparency data

Those regulations held.

McKinsey on Healthcare
Unlocking the power of price transparency data

And so I think everybody has been doing the best that they can to get the information out there.

McKinsey on Healthcare
Unlocking the power of price transparency data

But it is just that.

McKinsey on Healthcare
Unlocking the power of price transparency data

It is still messy data.

McKinsey on Healthcare
Unlocking the power of price transparency data

It comes in the form of MRFs, machine readable files.

McKinsey on Healthcare
Unlocking the power of price transparency data

Think about in some cases, these are 600 gigabyte files of data, again, that isn't particularly useful, even if accurate in its raw form.