SB886 - Healthcare Reform Transparency Act

• Establishes the "Healthcare Reform Transparency Act" requiring payors operating in Arkansas to submit quarterly reports to legislative committees detailing healthcare payment and delivery reform initiatives.

• Defines "healthcare payment and delivery reform" to include episode-based payments, medical/health home payments, bundled payments, gain-sharing and risk-sharing arrangements, and Medicaid expansion coverage changes.

• Requires quarterly reports to describe reform initiatives' payment structures, cost thresholds, quality standards, eligibility criteria, and exclusions for covered individuals and providers.

• Mandates payors report results of reforms including healthcare cost savings, quality measures, number of participating providers by type, provider complaints, and costs for outside contracts related to reform implementation.

• Exempts payors not implementing healthcare payment and delivery reform from reporting requirements.