Analytical IQ Healthcare Podcast

#6 The unfortunate reality of price shopping in healthcare

November 12, 2020 Adam
Analytical IQ Healthcare Podcast
#6 The unfortunate reality of price shopping in healthcare
Show Notes

We're exploring the business of healthcare. We're trying to learn as much as we can at the intersection of healthcare data, the transition to value, and the continuous improvement toolkit in Lean.

Friend of the podcast Russell wrote in with a great question:

I'd like you to talk about software generated cost estimates for known diseases and procedures. 

We have the data, and we also have the data on complications and variations. There is no reason why an estimate can't be generated and the patient percentage of costs can't be given ahead of time. When a patient knows what the out of pocket costs will be, they can make decisions and "shop around" for non-emergency procedures.

This is a perfect example of a "We can't do THAT???" problem. 

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