Episode # 62 • 09 Aug 2024
Price Transparency in Healthcare
Creating an ambulatory surgery center (ASC) with transparent, affordable pricing is possible and can go a long way in protecting our patients’ health, pockets, and futures. Dr. Keith Smith, founder of Surgery Center of Oklahoma and the Free Market Medical Association, joins us to explain how to do it.
Timestamps
00:00 - Introduction
05:06 - Challenges & Growth
14:18 - Self-Funding & Price Transparency
16:47 - Free Market Medical Association
21:44 - Government & Price Transparency
26:19 - Expansion & Future Plans
Resources
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More about this episode
Dr. Smith shares his journey of creating transparent and affordable healthcare pricing, the challenges faced due to government regulations and insurance companies, and the rapid growth of self-funded companies seeking value in medical services. He highlights the importance of simple, honest pricing and the impact of the Free Market Medical Association in connecting buyers and sellers. Dr. Smith also discusses the expansion of his model beyond Oklahoma and into new surgical centers, emphasizing the need for price transparency in healthcare.
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