Here is an interesting story about how one surgery center in Oklahoma City is turning healthcare upside down.
How can the same procedure from the same surgeon cost $27,000 less at this surgery center rather than the local hospital? The answer:
1. The surgery center has much lower overhead costs than the hospital.
“In 2010, the top 18 administrative employees at Integris Health received an average of $413,000 in compensation, according to the not-for-profits’ 990 tax form. There are no administrative employees at the Surgery Center.”
2. The surgery center offers market driven, transparent pricing.
Perhaps a little competition is just what the doctor ordered to help solve the U.S. health care crisis.