Fee-for-Service Primary Care is DUMB!!
Fee-for-Service Primary Care Only Pays $60 - $140 Per Visit.
However, Primary Care Has Been Shown to Decrease Hospitalizations by 20%... Saving $50,000 Per Hospitalization.
Accordingly, Fee-for-Service Primary Care is a Severe Shortcoming for Employers That Want to Prevent Employee Hospitalizations.
A Superior Approach is an On-Site Clinic or Direct Primary Care.
On-Site Clinic: Best for Larger Employers with Large Concentrations of Employees in One Location. Examples: Manufacturing, Municipalities
Direct Primary Care: Best for Smaller Employers.
Examples: Law Firms, Accounting Firms, Financial Services Firms
The Annual Hospitalization Rate Per Year = 7%.
For an Employer Group with 100 Health Plan Members, at $50,000 Per Hospitalization, that's $350,000 in Hospital Costs Per year.
A 20% Reduction in Hospitalizations Would Result in $70,000 in Savings or $700 Per Employee Per Year in Hospitalization Claims Alone.
Related Video: How HEDIS Quality Scores Work
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However, Primary Care Has Been Shown to Decrease Hospitalizations by 20%... Saving $50,000 Per Hospitalization.
Accordingly, Fee-for-Service Primary Care is a Severe Shortcoming for Employers That Want to Prevent Employee Hospitalizations.
A Superior Approach is an On-Site Clinic or Direct Primary Care.
On-Site Clinic: Best for Larger Employers with Large Concentrations of Employees in One Location. Examples: Manufacturing, Municipalities
Direct Primary Care: Best for Smaller Employers.
Examples: Law Firms, Accounting Firms, Financial Services Firms
The Annual Hospitalization Rate Per Year = 7%.
For an Employer Group with 100 Health Plan Members, at $50,000 Per Hospitalization, that's $350,000 in Hospital Costs Per year.
A 20% Reduction in Hospitalizations Would Result in $70,000 in Savings or $700 Per Employee Per Year in Hospitalization Claims Alone.
Related Video: How HEDIS Quality Scores Work
BACK To Healthcare Finance Video Library
BACK to AHealthcareZ Home
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