One step closer: Price transparency in healthcare [video]
It’s official! Price transparency in healthcare is closer to reality. President Trump released new rules requiring hospitals to publish their charges and negotiated rates. You may be thinking, “oh this doesn’t affect me! It only affects hospitals and their employed physicians.” But make no mistake, this affects all physicians! Why price transparency in healthcare […]
President Trump officially signs price transparency executive order
President Trump officially issued a price transparency Executive Order yesterday. The price transparency executive order will require hospitals, insurers and doctors to disclose their negotiated rates. This will have direct and indirect consequences. The effect of a price transparency executive order Despite President Obama’s efforts with the “Unaffordable Care Act,” this Executive Order will actually […]
Trump’s Price Transparency Executive Order
According to the Wall Street Journal, President Trump will issue an Executive Order this week regarding price transparency. The price transparency executive order will require hospitals, insurers and doctors to disclose their negotiated rates. This will have direct and indirect consequences. The effect of a price transparency executive order Despite President Obama’s efforts with […]
Hospitals posting prices. A good start.
You may have seen this NY Times article a couple weeks ago about a new law requiring hospitals to post prices. The law was initially included in the Unaffordable Care Act but not put into action until the Trump administration. The article highlights how the information posted by the hospitals is inadequate and not […]
MOC vs Board Certification
Maintenance of Certification (MOC) is a program put forth by specialty medical boards like the American Board of Internal Medicine (ABIM), American Board of Surgery (ABS) and American Board of Plastic Surgery (ABPS) to name just a few examples. The idea is for these programs to ensure that currently practicing physicians are up to date […]
CHIP passes the Kimmel Test!
In between hurricanes and NFL protests, you may know there was a recent spat between Jimmy Kimmel and US Senator Bill Cassidy. The video here and here will bring you up to speed but to save you time, just read this! The synopsis: Jimmy Kimmel and the Kimmel Test The late night show host […]
Bundled pricing, the only true transparency in healthcare
Price transparency is the current and growing buzzword in healthcare. There are many ways to go about making healthcare costs clear to consumers. But when entrepreneurs design their own solution to price transparency, they miss one very important ingredient: actionable pricing information. The best way to accomplish this is through bundled pricing. Bundled pricing […]
Let’s be clear about pre-existing conditions
With the passage of a new healthcare bill in the House of Representatives (it’s still not a law) and a heartfelt monologue by Jimmy Kimmel, there’s been a great deal of talk about pre-existing conditions. Unfortunately, in the discussion, many have lost sight of what exactly that means. Let’s review. What are pre-existing conditions? […]
How to lower the cost of healthcare
Before we explain how to lower the cost of healthcare, let’s discuss one reason healthcare costs more in this country than many others. The quality of care is great here. There’s no place I’d rather be sick than in the US. But why does it cost more than other industrialized countries? Why the cost […]
Do you repeal all of Obamacare?
As someone that believes in healthcare for all Americans, even I know Obamacare fell short. It turns out the Affordable Care Act isn’t so affordable. But there are a couple popular aspects of the ACA that will make it exceedingly difficult to repeal all of Obamacare. Some aspects will have to stay and if you’re […]