I was talking with Medhost CEO, Bill Anderson, and he commented to me that hospitals thought they were running a factory, but they’re now running a retail business. When he said it, it really hit me that he’s right. We’re going through this massive change in healthcare that is analogous to us changing from a factory model to a retail business.
I’m sure the comparison isn’t perfect, but from a pricing structure it’s similar for sure. When you look at the fee for service world you can definitely see how healthcare was a factory. Its job was to take in as many patients as possible and spit them out the other end.
