Here’s a lie that you’ve been told that I hope you don’t believe: in the health care market, you get what you pay for. I think we should discuss why this isn’t true. In many markets this is true, you do get what you pay for. But the health care market is so...
This is a special shout-out to someone who follows the Surgery center of Oklahoma on Facebook named John David Kilgore. I have an increasing respect for skeptics... for people who are not gullible and do not believe everything they hear. And John David Kilgore is...
Here’s a question for you. A question I was recently asked by a United States Congressman. “Should we forego the opportunity to price 95% of healthcare services when 5% of them cannot be priced ahead of time and up front?” Of course the Congressman did not ask me that...
Our most recent meeting was a wild success and the videos of all of the presentations will be online very soon at FMMA.org, there will also be an announcement of the location and dates of next year’s meeting. The most meaningful and poignant part of the conference for...
My friend, Jack Brown, from Oregon has reminded me of a term that I was familiar with, but one I never use. But it’s one I’m going to start using. Disintermediation – a term which describes the removal of all unnecessary parties in any market exchange....
Hello, Dr. Keith Smith with you on behalf of the Free Market Medical Association (FMMA). Prior to the conference, I’d like to go over some terms and phrases like transparent pricing and free market pricing. We’ll discuss what they mean and what they don’t mean. The...
Hello. Dr. Keith Smith with you on behalf of the Free Market Medical Association. This video is really intended for physicians out there who may need a little refresher on what we’re talking about when we say ‘self-funding’ or the ‘self-insured.’ There are companies –...
Let’s talk a little bit more about price bundling, I mentioned in a previous blog how we actually came up with our bundled pricing. We asked the surgeons what they thought was fair. Anesthesia basically is based on the amount of time the case is going to take. The...
At the bottom of the written version of this blog, there will be a link provided to a very important graph, one which shows the rate of rise of healthcare spending in the United States over time, the rate of rise of the number of administrators in healthcare over time...
Industry insiders have told me that the only thing more remarkable than the fact that our prices are online for all to see is that they’re bundled. That means the surgeon, anesthesia facility charges are all rolled into one number, one price. I thought I would give...
Specialists and surgeons from all of Oklahoma’s top healthcare systems choose to operate here.