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Saturday, November 28, 2015

Getting a handle on the costs of care

I'm on sort of a blog hiatus at the moment. My wife and I are celebrating our 35th wedding anniversary in a cabin above Gatlinburg, TN in the Smokies. Lying low, doing a good bit a reading and talking with my best friend of nearly 42 years.

We'll be back in California Tuesday night.

Saw this bit of news last night.

Hit the lower right corner "expand" icon next to the arrow.

NY Times article on the topic: What Are a Hospital’s Costs? Utah System Is Trying to Learn
SALT LAKE CITY — Only in the world of medicine would Dr. Vivian Lee’s question have seemed radical. She wanted to know: What do the goods and services provided by the hospital system where she is chief executive actually cost?

Most businesses know the cost of everything that goes into producing what they sell — essential information for setting prices. Medicine is different. Hospitals know what they are paid by insurers, but it bears little relationship to their costs...

More to come...

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