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and get access to all of its content available at that time. Cuban believes that this model, in some ways, can also be applied to a local hospital or healthcare system.
If a hospital has a set number of doctors or number of specialties, they typically know how much it costs to operate to provide those services and break-even – in essence a set cost for those services akin to Netflix's monthly subscription fee. The hospital can then share the price to operate with its community – local and state governments, businesses, wealthy individuals – and they can all figure out a way to come up with the money it needs to operate. But with the way hospitals operate now, they process payment claims through health insurance providers and in some instances, Cuban says there are things"designed only to get revenue from the insurance companies.
But it all goes back to transparency – something that hospital and healthcare systems aren't necessarily willing to do. "If we're going to change healthcare," Cuban said."That's what its going to take. You have to extract all the ancillary costs that aren't aligned with the better patient outcomes or better costing. And the only way to do that is to extract the way payments are done today.
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