Once again, I am confounded by the shameless greed of hospitals in marking up the “price” of a medicine that saves lives in desperate situations. But then gain, in a true Machiavellian manner, that may well be the best time to mark up so shamelessly. What is the patient going to do: jeopardize their life (before getting the anti-venom) or jeopardize their credit (after getting it).
We wonder and scratch our heads, looking in all the wrong places, why our healthcare costs are out of control. I say it is simple: just follow the money, as this article so clearly articulates. Every markup along the value-chain, from the cost of goods (to actually produce them) to the street price, must be scrutinized dispassionately for “added value” at each mark-up point. In this specific case, what value do the hospitals actually add that is worth 70% of the price? I hear silence. Exactly my point. We need to have a focused and rational national debate on such irrational actions of the few to profit by undermining the national interest at large.
A healthcare environment in which Physicians are clinically autonomous and free from administrative burdens, so that they are able to fully devote their time, talent, passion, and energy to patient care.
Excellence: Pursue excellence in everything we do
Fairness: Provide the best service our customer can rightfully expect, for a fair price
Respect: People matter, above all else
To help our customers get control over their time to spend it as they prefer and have the financial peace of mind from knowing that their cash flow is always maximized.