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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

getting there on the data.

McKinsey on Healthcare
Unlocking the power of price transparency data

But understand also in that, this is kind of like any classic problem that you solve.

McKinsey on Healthcare
Unlocking the power of price transparency data

You set a goal, you get to that goal, and you look around and you say, well, that probably wasn't perfect.

McKinsey on Healthcare
Unlocking the power of price transparency data

So in this case, what we find is a lot of the formats aren't consistent.

McKinsey on Healthcare
Unlocking the power of price transparency data

And that makes it hard to use the data, even for companies like

McKinsey on Healthcare
Unlocking the power of price transparency data

Awesome.

McKinsey on Healthcare
Unlocking the power of price transparency data

That ups the barriers to it being useful.

McKinsey on Healthcare
Unlocking the power of price transparency data

And so that's some of what you see now in this next evolution of how do we think about putting more guidance around consistent formats, how the data comes out so that it can be useful.

McKinsey on Healthcare
Unlocking the power of price transparency data

Well, I think it's a decade-long journey for a couple of reasons.

McKinsey on Healthcare
Unlocking the power of price transparency data

One, because of what we talked about here, that this first phase of just getting to clean and useful data is a multi-year journey.

McKinsey on Healthcare
Unlocking the power of price transparency data

Two, because of what we also talked about of you've got to bring other data in for it to be useful.

McKinsey on Healthcare
Unlocking the power of price transparency data

But there's a third one that we haven't talked about yet, which is you got to get people to start using the data.

McKinsey on Healthcare
Unlocking the power of price transparency data

And so this is the what does it alone not solve?

McKinsey on Healthcare
Unlocking the power of price transparency data

It doesn't solve the engagement part either on.

McKinsey on Healthcare
Unlocking the power of price transparency data

side of the healthcare consumer or the system itself.

McKinsey on Healthcare
Unlocking the power of price transparency data

Let me talk about the consumer part, because that's probably the easiest.

McKinsey on Healthcare
Unlocking the power of price transparency data

Look, just because this data itself, you can get it to a useful part, we still also have to advance, how do we get tools in the hands of

McKinsey on Healthcare
Unlocking the power of price transparency data

consumers that literally at the point that they're thinking about shopping for care, they think, I'm going to go there.

McKinsey on Healthcare
Unlocking the power of price transparency data

I'm going to use that.

McKinsey on Healthcare
Unlocking the power of price transparency data

Part of that is a tool being useful.