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ADVANTAGES TO HOSPITALS
- Eliminates the need for multiple pricing for
the same procedure
- Eliminates the need to negotiate under market
pricing with insurance payers
- Eliminates third party payment
- Introduces direct patient payment at fair
market value in full on the day of service by every American patient
- Allows the hospital to set fair market pricing
autonomously in response to the true equilibrium point of the supply
demand curve
- Eliminates all billing and collection problems
- Eliminates cut throat competition
- Hospitals will compete on
the basis of how efficiently they can provide appropriate care to the
patient.
- Allows the hospital to focus on the needs of
the patient and providing quality care rather than seeing the patient
as mere substrate who is only tolerated as long as the money keeps
coming
- Provides incentives to eliminate “system
failure” that results in patient injury
- Reduces liability
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