Tuesday, January 12, 2016
Largest Nonprofit Health System Heads Toward Fully Transparent Pricing
The solution to the most vexing problem in healthcare—pricing failure—just got an enormous boost. Pricing failure is when there is no correlation between price and quality, which is pervasive in healthcare. The Tulsa World recently reported on the largest nonprofit health system in the country joining the trend towards fully transparent procedure pricing. This is a trend that began in Oklahoma several years ago and has demonstrated an ability to reduce surgical costs 50-90% over the norm.