When you hear the term Patient Centered Medical Home (PCMH), you might envision this place where providers and consultants are providing concierge service to elderly patients (who may or may not be getting their shoes shined and a nice clean shave). Sadly, this is not the case. The term patient centered medical home is simply a primary care practice with an extra focus centered around the patient.
After reading a book about conducting good business, you’ll likely review the concept of adequately meeting demands for clients or consumers. Whether a company is thriving due to lower pricing or higher quality, in the world of business, the golden rule is provide value or go bankrupt.
With the transition to ICD-10 officially delayed until October 2015, it's important to make use of the extra time before the switch. But unlike many other resources you'll find, we've done something a little bit different. It's no secret that learning about ICD-10 can be less than exciting, so we've done our best to make light of the situation by creating videos and interactive quizzes that are both entertaining and educational.
Let’s imagine you’re watching a re-run of Law and Order, and you’re following along with how the investigation and proceedings take place. The key that makes or breaks each case is… you guessed it – evidence. The quality and quantity of the evidence, how well the story fits the evidence, and where the evidence leads paints a strong picture of what may or may not have happened.
Insurance is without a doubt the best business on earth. Every month, insurance companies from many industries collect premiums from thousands of clients, relying on the statistical likelihood the companies themselves will collect more than they pay out. If the company has a poor year, they raise the premiums for the next year. It is a beautiful business model and a way to guarantee consistent profits year after year. Even better, if a company insures enough subpar clients or assets, it can become “too big to fail” and receive a government bailout when things go completely wrong.
NueMD is conducting a survey of medical practices, billing companies, and business associates about HIPAA compliance.
In recent news, Doctor on Demand, a company focused on telemedicine visits, closed $21 million in Series A funding. I’m not an oracle, but this is certainly a pivotal moment for healthcare. The company is aggressively promoting its flat fee of $40 per 15 minute video visit, without any waiting time and accessible 24/7 in most parts of the U.S. The service will likely thrive on minor illnesses like colds and rashes, but what is this telling us as physicians?
Over the last year or so, the direct primary care model has begun to show its strength. Increasingly, PCPs are showing an interest in boosting their relationships with health insurance companies and working directly with patients, collecting a monthly fee per patient rather than struggling to collect reimbursement checks. While DPC does come with some challenges, pioneering doctors are increasingly demonstrating that the model is manageable, research suggests.
In a country where people can view information about their entertainment options, investments, and latest shipment in real time, we can no longer consider a 15-minute appointment once per year sufficient for monitoring our health.
With the adoption of the Affordable Care Act (ACA) a few months ago, the U.S. healthcare system is now serving the needs of more patients. The hopes for this changing of the guard is that we will finally see an improvement in overall health outcomes in our country.