CEO of Florida's Mount Sinai Challenges Competitors to Post Prices

The president and CEO of Mount Sinai Medical Center in Miami Beach, Fla., made a public pledge Monday to post the contractual rates the hospital pays private payors for diagnoses and treatments — and he is challenging other hospitals in the area to do the same, according to a Miami Herald report.

"We will post our prices relative to Blue Cross, and Aetna, our contractual prices, and we'll challenge Baptist and the other systems in the community to do the same," Mount Sinai President and CEO Steve Sonenreich said in the report.

Mr. Sonenreich made the pledge during an interview with a local radio station. Brian Keeley, president and CEO of seven-hospital Baptist Health South Florida in Coral Gables, was also in the radio studio. Mr. Keeley declined to accept Mr. Sonenreich's challenge to post prices, but he did say "that's where the whole industry is going, undoubtedly," according to the report. Baptist Health's urgent care centers post prices for services, but the hospitals within the system do not, Mr. Keeley told the Miami Herald.

The public Jackson Health System in Miami, a safety-net system, does not publish prices — but a system spokesperson said Jackson is exploring the idea, according to the report.

Six-hospital Memorial Healthcare System in Hollywood has published prices online and in marketing materials to promote its imaging services, but it does not publish prices for diagnoses and treatments, according to the report.

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