Indiana Nonprofit Hospitals Meet Pricing Benchmarks Amid Financial Challenges
The Indiana Department of Insurance has released its second annual report analyzing the pricing of the state's five largest nonprofit hospital systems. The report, conducted by actuarial consultant Milliman, found that all five systems—Ascension Health, Community Health Network, Franciscan Health, Indiana University Health, and Parkview Health—met the statutory pricing benchmark for 2024, set at 285% of what Medicare would have paid. The Indiana Hospital Association celebrated the results, noting a 252% average, which is 33 percentage points below the benchmark. However, the Employers’ Forum of Indiana criticized the inclusion of professional fees in the analysis, arguing it gives misleading information on hospital prices.