May 27, 2013

Francis Bacon is credited with the statement “…knowledge is power….”

Francis Bacon is credited with the statement “…knowledge is power….”

If one accepts this precept, then Steven Sonenreich, chief executive of Mount Sinai Medical Center in Miami Beach is arming his customers/patients with quite a bit of power. Sonenreich is going to publish the prices his hospital charge patients for virtually all of their procedures.

This is a very bold move; it threatens the cabal that is the US healthcare provider network; it allows consumers to understand what their healthcare truly costs; this is disruptive.

Regardless of your stance on healthcare reform, Americans are relatively savvy consumers. Sonenreich’s move is long overdue and will greatly enhance American’s understanding of the healthcare system. An informed consumer is an empowered consumer.

Nice move Steven; hopefully you have established a trend others will need to match.  This article shows why this is so damned important.