In this episode of Relentless Health Value, host Stacey Richter speaks with Shane Cerone and Dr. Sam Flanders of Kada Health about three pervasive myths in the healthcare industry. They discuss the belief in a functioning healthcare market, the necessity of high prices for hospital survival, and the notion that reducing prices means lower quality care.
Highlighting the inefficiencies and lack of competition in the current system, they address the importance of transparency and competition. This episode sets the stage for a follow-up discussion focusing on tangible solutions and improvements for the healthcare system.
=== LINKS === 🔗 Show Notes with all mentioned links: https://cc-lnk.com/EP490-Part1
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09:28 EP466 with Vivian Ho, PhD.
09:31 EP486 with Stan Schwartz, MD.
09:42 EP488 with Mark Cuban and Cora Opsahl.
10:08 Why we need to focus on prices in healthcare.
11:50 The first myth that holds change back: the healthcare "market."
15:04 EP286 with John Rodis, MD, MBA.
15:51 The reality behind why there is no functional market in healthcare.
17:11 Why price simplicity is so important.
19:15 EP472 with Eric Bricker, MD.
19:31 How there is pricing failure while hospitals are still facing razor-thin margins.
22:11 The second myth: Can a hospital survive on Medicare rates alone?
25:21 What is the best hospitals can achieve?
26:01 List of hospitals recognized as national leaders for care quality and affordability.
29:23 The third myth: When you lower prices, do you get lower quality?
33:11 Why a decentralized approach at improvement is the way to lower cost and raise quality.
