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HealthCare Pricing Changes Everything
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HealthCare Pricing Changes Everything
With Leon Wisniewski, forcing hospital price disclosure
HealthCostLabs.com
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Folks have no idea how important Trump’s health reforms were from his first administration. But forcing hospitals to disclose their prices was only part of the revolution towards creating an actual supply and demand chain in health services. Leading the way on price transparency were the private companies that were bundling and publicizing the charges of hospitals, and the leader of this change wants your company or insurer to use his data.
Leon’s Freedom Hub presentation won’t be the first on using pricing to choose health care. Over our half a decade of weekly shows we’ve heard from:
• Dr. Arshad on his WOW App (promoted by Freedom Hub) that connects patients with well-priced doctors
• Dr. Muto’s UberDoc App making similar connections, but for quicker specialist consult appts
• Suzanne Webb’s eSurgery program connecting patients with cash procedures
• Vendors bundling surgery with anesthesiology & facilities, including Savvos, Fair Market Health and Mishe, and
• Another vendor that pays a certain percentage above Medicare.
Without upfront prices, payers suffer the need to confront outlying bills, spending a lot of time negotiating with hospitals (1) to bring the prices down, as Mr. Dale from the Karis Group presented. When empowered with prices BEFORE the event, patients get to shop around.
Mr. Winiewski is taking price disgorgement to the next level. He wants price transparency in not just consultation fees and surgery, but in every medical intervention. And he’s getting it, via information hospitals and insurers try to keep secret.
Why should Americans care about price competition? Only by forcing providers to compete on price can they save money and ultimately get better treatment choices and quality of care. This sounds like a win-win.
Building on his background as an actuarial analyst, Leon uses detailed analytics to uncover hidden cost drivers, Industry benchmarks for comparative analysis, and Identification of cost-saving opportunities to save money for all parties in the health transaction.
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