Challenges of 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 Oklahoma Surgery Center and the Free Market Medical Association, joins us to explain how to do it.

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Reflow Medical

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SYNPOSIS

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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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

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RESOURCES

Oklahoma Surgery Center:

https://surgerycenterok.com/

Free Market Medical Association:

https://fmma.org/