THE ARKANSAS HEALTHCARE TRANSPARENCY INITIATIVE ACT OF 2015: establishes an all-payer claims database that is funded through and governed by the Arkansas State Insurance Department. Entities required to submit data include: health and dental plans, state insurance agencies, federal insurance agencies, The Workers’ Compensation Commission, any entity offering a plan to 2,000 or more people, and health benefit plans that are subject to ERISA. Entities will need to file reports, quarterly.

The Department must receive and store data from submitting entities and will include medical, dental, pharmaceutical and other insurance claims information. The Department may collect, validate, analyze, and present that data and assess penalties for non-compliance (including fines of up to $1,000 per day). The Department may disclose the de-identified data, as a resource, to insurers, employers, purchaser of health care, researchers, state agencies, and healthcare providers for the purposes of assessing healthcare utilization, expenditures, and performance.