The ER stay and the CT scan seems excessive. My last ambulance bill was around 6mi and was $900 - but that was 9 years ago.
I don't know why any of you are complaining. Here in America medicine is a for-profit business. Hospitals and the companies who run them are simply trying to uphold their obligation to shareholders and highly compensated executives ... To maximize profits. When you sell a collector car or petri steering wheel and try to get top dollar, you are exercising the same principle of capitalism. Charging what the market will bear is the basis of capitalism. If you feel the medical BUSINESS should focus on something other than profits then you should advocate for a different system of how they generate revenue and profits.
I don't know why any of you are complaining. Here in America medicine is a for-profit business. Hospitals and the companies who run them are simply trying to uphold their obligation to shareholders and highly compensated executives ... To maximize profits. When you sell a collector car or petri steering wheel and try to get top dollar, you are exercising the same principle of capitalism. Charging what the market will bear is the basis of capitalism. If you feel the medical BUSINESS should focus on something other than profits then you should advocate for a different system of how they generate revenue and profits.
I think the petri steering wheel purchase would go like this...you buy it even though there's no price listed,
Given that 80% of US hospitals are non-profit or state-owned, I do feel that they should focus on something other than profits.
How the heck did we get here from dang's discussion State Farm?
I suspect I may disagree with you if you are implying that non-profit tax status equates to minimizing the charges for goods and services or minimizing the cost/benefit ratio. My position on non-profits which are run as business is they they are still motivated to get top dollar for their added value, but rather than distributing profits via dividends and stock buybacks, they reinvest their financial surplus into things like expansion of endowments/facilities/activities. Executives who run non profits are rewarded by, amongst other factors, generating more revenue than expenses.
Stephen, both.After reading through this thread, I feel that it is causing symptoms that may require (expensive) medical assistance. That's how analogous this discussion appears to me (or is it metaphorical?).
Haha Agreed in full. I’ve spent my time consulting for a non-profit hospital network and they are certainly revenue-driven.
My focus was on operational efficiency and process optimization. My conclusion was that they are neither efficient or optimized, and the lack of such equates to higher costs for patients. That is my overall experience with all non-profits and government agencies that I have worked for.
Stephen, both.
I am not sure how Nardi wheels can be squeezed in here. .