Hospital Executive Straight Talk About Healthcare Costs

Hospital Execs from the University of Pittsburgh Medical Center and the University of Michigan Hospital Have 4 Confessions:

1) Fee-for-Services Motivates Hospitals to Increase Costs

2) Medicare and Commercial Insurance Companies Have Not Changed the Dominant Fee-for-Service Motivation with 'Value-Based' Payments

3) Hospital Prices Have NO Connection to the Underlying Cost of a Test or Procedure

4) Most Hospitals Don't Even Know What the Underlying Test or Procedure Cost Is in the First Place

AHealthcareZ is 200+ Healthcare Finance Educational Videos.

AHealthcareZ Viewers Include: Employee Benefits Professionals, HR, CFOs, Insurance Brokers, Benefits Consultants, Doctors and Nurses in Leadership Roles, Hospital and Health System Administrators, Health Insurance Carrier and PBM Professionals, Pharma and Med Device Professionals, Academic Professors and Students in Healthcare Administration and Public Health.

90,000+ Views Per Month Across All Platforms.

Visit AHealthcareZ.com to Subscribe to the Healthcare Finance Video Newsletter.

#HealthcareCosts #HealthInsurance #HealthcareAdministration

[cynthiaborkoski]

Excellent and VERY insightful video!!!! Thank you for bringing it to our attention

[happylgilmore]

Dr. Bricker, LOVE YOUR VIDEOS! I'm just seeing this one. on the whiteboard you state that upmc doesn't have cost accounting, but in the audio you state they do. just wondering which it is. thanks!

[armandolara]

You are missing the elephant in the room: the major health insurers are buying service providers to do this very thing that was rare. Vertical integration is pushing industry towards superstar firms with monopolies. Capitation will rule in that system.

[bryanh]

Specialists will fight capitation hard. This will be good for primary doctors as they can have consistent income and the referral power. Oh how the turns have tabled...

[hovamojo]

Hi. Are you suggesting that all hospitals should have their own health plan?

[brianhalloran]

I clicked on the link for the source YouTube, and it's not available. Anyone else have the same response to the link? Was it taken down? If so, why????