Yet there are still many among us who refuse to believe that price honesty in an open market can “bend the healthcare cost curve” – let alone that it is essential for affordable healthcare. Not only does it work, but is less expensive for participants and also begets higher quality, being intrinsic to the proposition of a mutually beneficial exchange of value between buyers and sellers.
More important than the revenue shift is who would be the catalysts for a much higher performing system as measured by the Quadruple Aim. In this list, I highlight the game-changers. Some may also be big revenue winners but that isn’t the point of this list. After all, there are plenty of organizations profiting from today’s wasteful system, so revenue is only one metric of success. Rather, the actions of the organization are putting the wheels in motion for a massive transformation of the industry.
#1 MassMutual will slow healthcare’s heist of retirement accounts
The Indiana Policy Review recently compared the bill for a hernia operation at an Indianapolis hospital with the price for the same procedure advertised online by a small entrepreneurial surgery center in Oklahoma. The Indiana hospital received $21,112.81 from the patient and his insurance company. The surgery could have been performed for 85 percent less in Oklahoma. What’s more, the patient would have been guaranteed the price before surgery.