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Delivering the Healthcare Pricing Transparency That Consumers Are Demanding

Can you imagine having your detailed healthcare pricing published in the Wall Street Journal? The thought makes most health systems cringe with concern that they’d lose money on the unknown. And yet every other major consumer category includes pricing up front. Amazingly, one health system has developed just such a care model for most major specialties that is predictable and completely transparent. Join us in this webinar to learn how they did it. You’ll get amazing insight into the importance of their quality measures and actual, daily costing for each procedure, not just allocated costs.

Wednesday, October 25
1:00-2:00 PM EST

Join us to get the following:

    1. Understand the market impediments and key components to deliver transparent, bundled pricing.
    2. Benchmark your efforts against Health City Cayman Islands (HCCI) to assess your organization’s ability to deliver single, bundled pricing.
    3. Evaluate the strategic risk to your hospital of other market participants competing with a single bundled pricing.

In their model, a single bundled price is given to every patient that they can count on. That single price includes all pre-procedure diagnostics, treatments, post-procedure services and material costs in their facilities including even any complications and readmissions for 30 days. The health system guarantees a single bundled price with a few exceptions (e.g. orthopedic patients who may choose to get follow-up therapy elsewhere) while providing exceptional outcomes which are generated in monthly quality reports. Their model is hard to believe at first glance, but they are several years into making this model work and all signs point to even better future performance as they realize additional efficiencies with increased volume. Committed to quality outcomes and affordable healthcare, come hear from this organization’s director who will expand your vision for healthcare delivery reform as he shares their model for delivering on the promise of bundled payments, something consumers are demanding, and yet remains elusive for many healthcare organizations.

We hope you can join us.

Dr. John Haughom, MD
Gene ThompsonDirector, Health City Cayman Islands

Gene Thompson is a third-generation Caymanian of a family of entrepreneurs, and is a Director of Thompson Development Ltd, one of the premier development companies in the Cayman Islands. His family is considered pioneers in property development and many other business ventures. Thompson Development has varied business interests including Commercial Development, Tourism, Retail, Real Estate, and Resort Development. Although the Thompson family has diverse business interests, their stellar reputation in business began in development. Gene has been involved and/or led various types of development projects, including commercial centers, residential projects, and resort developments. Gene has taken on the role of Project Director for Health City Cayman Islands and is responsible to lead the project from inception to completion. The governing principle for Gene and his family has always been integrity and service to the customer, and this has a common thread that runs through all Thompson Development business ventures. Gene Thompson is a founding member of Cayman Island Real Estate Brokers Association, a founding member and director of the Association for the Advance of Cruise Tourism, director of Cayman Island Investment Council, a founding member and director of Have A Heart Cayman, and a past director of the National Trust.