March Webcast to Unveil FAIR Health Economic Index and Industry Trends
In a webcast this March, FAIR Health President Robin Gelburd will unveil two new ways to derive insights from healthcare data—the FAIR Health Economic Index™ and FAIR Health Industry Trends™. Both grow out of FAIR Health’s mission as a national, independent, nonprofit organization dedicated to bringing transparency to healthcare costs and health insurance information.
Entitled, “FAIR Health Economic Index and Industry Trends: Providing Clarity in a Rapidly Changing Environment,” and to be held from 2 to 3 pm ET on March 22, the webcast should be of interest to all healthcare stakeholders who need current, reliable data analysis, such as investors researching the healthcare sector, health systems considering affiliations or expansion, insurers designing plan benefits and setting premiums, and government agencies and policy makers serving the public good.
Both the FAIR Health Economic Index and FAIR Health Industry Trends draw on FAIR Health’s database of over 25 billion claim records contributed by payors and administrators who insure or process claims for private insurance plans covering more than 150 million individuals. But, they apply different approaches to illuminate different aspects of the national healthcare sector. The FAIR Health Economic Index tracks five-year growth (from May 2012 to May 2017) in median charges and median allowed amounts in six medical procedure categories:
- Professional evaluation and management (E&M; excluding E&Ms performed in a hospital setting);
- Hospital E&M (excluding E&Ms performed in a professional setting, such as typical office visits);
- Medicine (excluding E&Ms);
- Surgery (procedures for which the physician would bill);
- Pathology and laboratory (technical and professional components, e.g., both equipment and physician services); and
- Radiology (technical and professional components).
FAIR Health Industry Trends analyzes trends in place of service in recent years. Focusing on alternative places of service—retail clinics, urgent care centers, telehealth and ambulatory surgery centers (ASCs)—as well as emergency rooms (ERs) and offices, it evaluates changes in utilization, geographic and demographic factors, diagnoses, procedures and costs.
Both reports already have produced important and unexpected findings that will be revealed in the webcast and documented in a white paper. FAIR Health makes available customized indices and trending reports that offer specific data subsets (e.g., based on clinical category, geographic region or time period) of particular interest to stakeholders. Contact FAIR Health at firstname.lastname@example.org or 855-301-3247 to learn more about such opportunities.
To be part of the audience for the webcast, register here.