It might seem difficult to believe that paying for medical care directly, instead of through insurance, actually saves money. Most people dismiss the idea once they hear “no insurance.” They think since they have insurance, this model doesn’t make sense for them. But medicine still follows this basic economic principle: the more middlemen you add to a transaction, the more that transaction costs. On a practical level, saving money through DPC translates to finding a trusted provider to handle your routine and preventative health, then tailoring your insurance coverage needs for the mid and high-dollar costs. (When comparing plans, it’s important to pay close attention to the deductible and out-of-pocket max.) Here are some examples: 43-year-old single adult male KY public school teacher Gold Plan costs $114/mo with a $2500 deductible (OOP max $2500) Monthly cost = $114 + copays High deductible plan $14/mo w/ a $2500 deductible (OOP max […]
Escalating insurance costs are strangling business owners. It is especially true for small businesses that want to provide care for all their employees. Businesses have dealt with this growing problem in many ways: hiring freezes, downsizing, cutting benefits, switching to high-deductible plans or turning employees into independent contractors. Many employers have to think out of the box in order to retain their valued employees. That is where Direct Primary Care (DPC) comes in. On both large and small scales DPC practices like Access Med are helping companies provide concierge quality primary and urgent care for $50/employee/mo. 182655048 The benefits to the company are real and tangible: A happier, healthier workforce- studies show that practices that spend more time with patients have better outcomes Fewer missed sick days- DPC patients are 75% less likely to be hospitalized each year First call for work-related injuries- minor injuries like lacerations and back strains […]
But there is a silver lining I remember the precise moment several years ago when the reality struck me… Our health care system is broken. A tearful and angry husband stood next to his wife’s hospital bed yelling at me. She was slowly wasting away from cancer and the man sensed that his wife didn’t have much longer. She had just been wheeled to an ER room when the husband asked if I was there to admit them to the hospital. When I explained that I had to run a battery of tests to find a clear diagnosis so her insurance would cover the hospital stay, the man lost it. She had advanced cancer, but in all of the appointments and treatment sessions no one sat down with the couple to discuss the potential outcomes. She was told she had a fighting chance and the couple expected recovery. Although it […]
It’s not a new idea. We just haven’t seen it in a while. When Ryan, Andy and I sat down to plan Access Med, we embraced one key component of Direct Primary Care (DPC). We don’t have VIPs. Quite simply, every patient receives the same quality, personalized care no matter what. It doesn’t matter if someone carries a private, Cadillac, platinum insurance card or if they don’t have an insurance card at all. DPC is all about offering affordable quality care for everyone. We take a lot of pride in that!