Indiana has consistently ranked among the best states in the nation for making hospital prices transparent. And now Turquoise Health, the nation’s leading health care transparency solution, has named Indiana the fourth most transparent state, according to its recent Price Transparency Impact Report. Only three small states (Connecticut, Rhode Island, and Vermont) had a higher score.
“We're eager to see our transparency scores driving improvements in hospital transparency data across the country and in Indiana,” said Turquoise Health Co-Founder and CEO Chris Severn. “When complete, clear pricing data permeates at a local level, patients will have better financial experiences.”
“I’m extremely proud of my home state for being a national leader in making hospital prices accessible and easy to understand for patients and employers,” said former CMS Administrator Seema Verma. “Price transparency represents a new era of consumer empowerment that can drive down costs across all sectors of our health care system. Today’s announcement marks the culmination of years of hard work put in by our state’s hospitals and I am pleased to see their efforts recognized.”
In 2021, the Indiana Hospital Association (IHA) announced a new update to mycareINsight.org, a tool it created in 2015 to make health care prices and quality information publicly available to consumers. The updated site now includes a single location in which Hoosiers can find hospital-specific price information for common shoppable services, out-of-pocket price estimator tools where available, and standard charges for all items and services in a machine-readable format, as required by the federal Price Transparency Rule.
“Our vision is to make Indiana the most transparent state for prices across the board—from hospitals to drug costs and all components of the health care insurance premium. Our hospitals are working to continuously improve our tools to make sure every patient has the cost and quality information they need to make informed decisions about their care,” said IHA President Brian Tabor.
A separate study conducted last year also named Indiana the fourth most transparent state in the U.S. for hospital prices.