Surgery Center of Oklahoma Posts Prices, Encourages Transparency in Hospital-Dominated Market
Dr. Smith and his business partner Steve Lantier, MD, founded the surgery center 15 years ago after they became disillusioned with the treatment provided at the nearby St. Anthony Hospital in Oklahoma City, where the two physicians practiced anesthesiology.
The surgery center's consumer-driven model could become popular as Americans look for alternatives to inpatient healthcare, which generally costs much more than outpatient care. The surgery center has demonstrated that it can offer high-quality care at a lower price than the local hospital. In part, this is due to the absence of expensive administrative employees, which can contribute to high payrolls at hospitals.
Related Articles on Coding, Billing and Collections:
10 Leading Payors by Dollars Collected
5 Challenges for Coding & Billing Compliance
AMA Opposes ICD-10 Implementation, Pushes for ICD-11
© Copyright ASC COMMUNICATIONS 2014. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New From Becker's ASC Review
11 top-rated insurers for fewest denialsRead Now
- Consumer and clinician opinions on big data, telehealth and mHealth: 8 things to know
- Innovation's moral quandary: When am I obligated to reinvent the wheel?
- House Republicans sue Obama administration over PPACA: 5 things to know
- Just 1% of organizations will eliminate healthcare coverage, survey finds
- DOJ recovers $2.3B in healthcare False Claims Act cases in FY 2014