As we enter a new year of opportunities and exciting challenges, it is timely to reflect on the key shifts in our industry during the previous 12 months. Looking back, one of the most significant developments in 2014 was the proliferation of price transparency data that was made available by the public and private sectors. As part of a broader federal push towards price transparency, in spring 2014 the Centers for Medicare and Medicaid Services released 2012 physician Medicare Part B payment data for 800,000 providers, which allowed consumers to compare provider pricing information for the first time. Last year’s release followed the U.S. Dept. of Health and Human Services’ 2013 publication of hospital charge data for the 100 most common inpatient stays. In its impressive March 2014 initial public offering, Castlight Health reached a $3 billion valuation in its first day of trading. Castlight sells cloud-based transparency solutions to major self-insured companies including Wal-Mart, Pepsi and CVS Caremark. In part through the mining and analysis of healthcare expenditure and claims data of these employers, Castlight’s solutions allow employees of these organizations to shop for healthcare at the best value. As employers increasingly shift healthcare costs to employees through high-deductible plans, employees have all the more incentive to use services like Castlight to compare prices and quality. Similar services have also gained traction in the marketplace. At Regent’s November administrator meeting, Healthcare Bluebook gave a presentation on the cost variation in healthcare services and its suite of solutions. Validating the benefits of price transparency, the Journal of the American Medical American Association released a study in October that reviewed the claims of more than 500,000 patients who used transparency solutions over a three-year period. According to the JAMA study, consumers who shopped their healthcare paid 14 percent less for laboratory tests, 13 percent less for advanced imaging services and only about 1 percent less for clinician visits. Regent has learned firsthand how transparent pricing can help serve patients, providers and employers. Our centers have directly worked with employers to develop competitive case rates on surgeries throughout the country. These efforts enable patients to pay less for care in a high-quality setting, employers to reduce their healthcare spend and our providers to realize greater volume. While it is difficult to predict what price transparency developments will occur in 2015 and beyond, it is clear that ASCs, as low-cost and high-quality providers of healthcare, will be well-positioned to benefit from these developments.