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BackTable / VI / Podcast / Episode #469
Price Transparency in Healthcare
with Dr. Keith Smith
Creating an ambulatory surgery center (ASC) with transparent, affordable pricing is possible and can go a long way in protecting our patients’ health, pockets, and futures. Dr. Keith Smith, founder of Oklahoma Surgery Center and the Free Market Medical Association, joins us to explain how to do it.
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BackTable, LLC (Producer). (2024, August 2). Ep. 469 – Price Transparency in Healthcare [Audio podcast]. Retrieved from https://www.backtable.com
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Podcast Contributors
Dr. Keith Smith
Dr. Keith Smith is an anesthesiologist and medical director at the Surgery Center of Oklahoma in Oklahoma City, Oklahoma.
Dr. Aparna Baheti
Dr. Aparna Baheti is a practicing Interventional Radiologist in Tacoma, Washington.
Synopsis
Dr. Smith shares his journey of creating transparent and affordable healthcare pricing, the challenges faced due to government regulations and insurance companies, and the rapid growth of self-funded companies seeking value in medical services. He highlights the importance of simple, honest pricing and the impact of the Free Market Medical Association in connecting buyers and sellers. Dr. Smith also discusses the expansion of his model beyond Oklahoma and into new surgical centers, emphasizing the need for price transparency in healthcare.
Timestamps
00:00 - Introduction
05:06 - Challenges & Growth
14:18 - Self-Funding & Price Transparency
16:47 - Free Market Medical Association
21:44 - Government & Price Transparency
26:19 - Expansion & Future Plans
Resources
Oklahoma Surgery Center:
https://surgerycenterok.com/
Free Market Medical Association:
https://fmma.org/
Disclaimer: The Materials available on BackTable.com are for informational and educational purposes only and are not a substitute for the professional judgment of a healthcare professional in diagnosing and treating patients. The opinions expressed by participants of the BackTable Podcast belong solely to the participants, and do not necessarily reflect the views of BackTable.
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