A Terrific Article on Cost and Quality by Leah Binder

By Thomas Emerick

First Posted at Cracking Health Costs on 5/10/2013

Tom Emerick, Host of Cracking Health Costs
Tom Emerick, Host of Cracking Health Costs

Leah Binder has written a great article in Forbes and recent revelations on hospital charges and the lack of correlation with quality. Click here to read the full article.

Writes Leah,  “A Rational Person might wonder if the variation in hospital pricing is somehow related to variations in quality…There is simply no relationship between price and quality in healthcare.

Further, “The findings are bizarre. The average cost of a pacemaker implant at one hospital is $127,038, while at another hospital it’s just $66,030. Joint replacements range from $5,304 in Ada, Oklahoma, to $223,373 in Monterey, California.”

Often it seem the best rated hospitals may have among the lowest charges.  Unfortunately the opposite is true too. In short price has nothing to do with quality.

“…employers and other purchasers in the private sector need to be more aggressive in the healthcare marketplace.”

Patricia Salber MD, MBA (@docweighsin)
Patricia Salber, MD, MBA is the founder and host of The Doctor Weighs In. She is also the CEO of Health Tech Hatch, the sister site of TDWI that helps innovators tell their stories to the world. She is also a physician executive who has worked in all aspects of healthcare including practicing emergency physician, health plan executive, consultant to employers, CMS, and other organizations. She is a Board Certified Internist and Emergency Physician who loves to write about just about anything that has to do with healthcare.

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