You and your practice can now receive higher reimbursement for the services that you provide thanks to Medical Access’ direct primary care system.
In the current U.S. medical system, physicians are faced with a multitude of financial challenges. These challenges include decreasing reimbursement from insurance companies and Medicare, increasing governmental regulations, excessive paperwork, and rising overhead expenses (malpractice insurance, billing, coding, collections, EMR / EHR systems). These burdens do not just jeopardize the financial health of your practice but also the relationship you have with your patients. Physicians need a solution!
DIRECT PRIMARY CARE ADVANTAGES FOR PHYSICIANS
- Paid at beginning of each month on a per patient per month basis
- No billing or coding
- No third-party (i.e. insurance company) dictating patient care
- Additional payment for phone (telemedicine) and e-mail advice
- Enhanced revenue
DIRECT PRIMARY CARE PRACTICE BENEFITS
- Physicians paid on a per member per month basis
- Removes all the expenses associated with billing and coding
- Eliminates account receivables (AR), collections, and speeds up the revenue cycle
- Additional revenue stream for phone (telemedicine) and e-mail advice
- Reduced paperwork
- No interference from insurance companies
- Continuous cash flow (guaranteed monthly revenue)
DIRECT PRIMARY CARE FINANCIALS
The following is a typical financial statement for a direct primary care practice
total revenue – $360,000
total expenses – $126,000
net income – $234,000
These are typical financials for a direct primary care practice. Related to revenue, DPC revenue is extremely simple, as there is no insurance involved. In this particular example, the revenue was calculated by assuming 600 patients paid an average of $50 per month. The overhead expense includes the cost of equipment, office space, and personnel. A 40% and below rate for overhead expenses is the norm in DPC practices. The reason as to why they are able to be so low (unlike fee for service / insurance model which has 70% and above overhead) is because DPC practices do not do any billing or coding and also utilize exclusive supply chain management contracts which cause their overhead expenses to drop even further. Use your own practice’s financials for comparison purposes. The operational simplicity of a direct primary care practice is reflected in these financials.
The Medical Access system is designed to provide you and your practice with the tools ensure the financial health of your practice. It is an honest and transparent system that gives the control of medical care back to the patient and physician. The doctor-patient relationship is again held sacred and is therefore not disrupted and dictated by third-party entities (i.e. insurance companies).