Cash Medicine
The following is taken directly from the Center for Disease Control (CDC) website: Obesity is common, serious and costly. About one-third of U.S. adults (33.8%) are obese. No state has met the nation's Healthy People 2010 goal to lower obesity prevalence to 15%. The number of states with an obesity prevalence of 30% or more has increased to 12 states in 2010. In 2009, nine states had obesity rates of 30% or more.In 2000, no state had an obesity prevalence of 30% or more. Obesity-related conditions include heart disease, stroke, type 2 diabetes and certain types of cancer, some of…
Being able to charge patients $600 to $5,000 per year for more personalized medical care and limiting the number of total patients for which you are responsible, sounds like a very good deal for any doctor. But taking the proper steps required to make the transition from a traditional medical practice to a concierge medical (CM) practice may be daunting. The first concern that you need to resolve is why you are considering switching to a concierge practice in the first place. If you are contemplating the switch to a CM practice so that you can make more money with…
Concierge Medicine (CM) is a concept where patients pay an annual fee, similar to a retainer fee that attorneys receive, that allows the payee constant access to their personal physician. The fee can range from $1000 to $15000 per year, but averages $1500-1800 per patient. For this fee the patient receives 24/7 access to their personal physician, priority scheduling, and maybe discounts on routine and preventative screenings. It sounds like a good deal for the patient, but what are the advantages and disadvantages for the doctor?
How would you like to have every patient in your practice pay you $1,500 to $2,000 per year, in addition to your normal fees, just for the privilege of getting a same day appointment when they call? Sound too good to be true? Welcome to the world of Concierge Medicine (CM). This type of healthcare delivery is also referred to as membership medicine, concierge health care, cash only practice, direct care, direct primary care, and direct practice medicine. What exactly is Concierge Medicine? According to the American Academy of Private Physicians (AAPP), the national association of physicians who provide “concierge…
Tuesday, 04 January 2011
Written by Dr. Chris Carraway, DC
What Is All This Talk About Laser Therapy? |
The laser (Light Amplified Stimulated Emission of Radiation) recently had its 50th birthday. As an interesting historical twist, this technology was first called Light Oscillated Stimulated Emission of Radiation or “Loser”. This was never going to work, so the name was quickly changed to Laser. It’s a good thing, because Laser Therapy is a winner! I can tell you from personal clinical experience. Over two years I have had the opportunity to treat dozens of different conditions with Laser Therapy with remarkable success.
Tuesday, 23 November 2010
Written by Dr. Fred Roh, EdD
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Stop Complaining About Declining Reimbursements and Do Something! |
I’m continually miffed by the outrage expressed by physicians about their declining reimbursement rates. Now there’s a whole new list of reimbursement models that are starting to be pushed including “Medical Homes”, ACO’s (Accountable Care Organizations), vertical integration and bundled reimbursement. Many pundits believe they are disguised words for “capitation” and will result in further decline in physician revenue.
The last few years have seen a rise in office co-pays, with some going as high as $40. Patients silently express their frustration with this by bucking the system and self-diagnosing their illnesses. They take the $40 in healthcare dollars that they would have spent at a physician’s office and hand it over to Walgreen’s and other drugstores with the hopes that the over-the-counter “weekly special” will cure them. How can you get your patients to transfer those dollars back to you?
Doctors don’t like insurance companies. They generally accuse insurance companies of eroding their autonomy, unnecessarily increasing red tape and continually assaulting their incomes. The question must be asked, however, how did doctors ever get themselves in this position and more importantly, how do they get themselves out of it? It’s not difficult to understand how doctors got trapped into their predicament. It IS difficult, however, to understand why doctors continue to enslave themselves to their insurance company masters.
Thursday, 08 April 2010
Written by Administrator
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Physicians Need to Get Creative to Get Paid Under the New Healthcare Bill |
It’s no secret that widespread dissatisfaction with insurance practices is driving practitioners toward alternative ways of being paid for their services. With the devastating 21% cut to Medicare reimbursement rates, many physicians are even less sure that they can continue to do business as usual. Restoring profitability to private practices is going to be a challenge. Physicians will have to become thought leaders in creating a patchwork of solutions.
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