With the never-ending surprises that doctors are continuing to experience due to unreasonable changes in insurance reimbursement, more and more of them are reaching for alternative ways to keep their income stable and plan for an unpredictable future.
And this is why the number of inquiries we are getting about our One Room Wellness Center Strategy is increasing daily. Medical physicians, physical therapists, and chiropractors know that insurance reimbursement will never be as good as it used to be. But what they don’t realize is that the insurance industry is mounting even a greater assault that will come soon in two phases.
The Health Insurance Industry’s Plans For Future Reimbursement To Healthcare Providers
The next “phase” of reimbursement changes to healthcare providers will be a significant reduction of ALL submitted claims to Medicare reimbursement levels. Most healthcare providers know what this means – receiving way less money for the services they provide to their patients.
Imagine… regardless of the type of health insurance that a patient presents with, that for every dollar you submitted to ALL of your patients’ insurance companies, you received only $.14-$.24 in reimbursement. How will you be able to stay in practice if almost ALL of your reimbursement occurs at Medicare reimbursement guidelines? How will you continue to eat?
And then there will be the final assault – healthcare providers will be reimbursed for services based on the health profile of the patients they take care of – something insurance companies call Value-Based Care. Yes, if you’re a doctor who is quick to administer medication for health conditions that are “lifestyle induced” like obesity, Type II Diabetes, etc. and you don’t take the time to counsel them on making changes in their diet and maintain a regular exercise program, you will eventually be paid less in reimbursement for services rendered. This is called “outcomes-based” reimbursement.
Large insurance companies are currently hiring consulting actuaries to help them determine how to implement systems that will enable them to pay doctors based on the cumulative health profile of all the patients they take care of and submit claims for.
Sooner than later, doctors are going to have to pay attention to patient’s health conditions in a more global way and offer solutions that work, or they simply won’t be paid as much when submitting claims to the patient’s insurance company.
Become Proactive Now & Insure Your Financial Success For The Future
Medical doctors, physical therapists, and chiropractors are now starting to shift their thinking to accept that in a relatively short period of time, practicing won’t be “business as usual”. And it is those healthcare practitioners that will reap the financial rewards because they acted now.
For more information on how you can secure your financial future in practice by offering your patients a more “lifestyle-based” wellness solution that they will gladly pay you more for, schedule a Brief, 30-Minute Phone Consultation during which we’ll discuss how to start, grow, and profit from implementing a cash-based wellness program in your practice.
Rich is a Health and Wellness Business Adviser to a variety of health professionals including medical physicians, physical therapists, chiropractors, nurse practitioners, massage therapists, health club owners, and fitness professionals throughout the U.S. During the past 30 years, Rich has conducted training programs for thousands of health professionals regarding the planning and implementation of effective, sustainable, and profitable wellness programs in their practices.
Rich is also the founder of the Medical Fitness Academy, a wellness practice consulting company specifically for health and fitness professionals. The company offers a wide variety of consulting programs that help healthcare practitioners plan, implement, grow, and profit from adding cash-based wellness programs in their practices.
The Academy features wellness practice and business management, marketing and operational materials in the form of multimedia training programs as well as articles, business tools, downloadable forms, checklists and a wide variety of information on the systems and procedures required to operate a successful medical fitness and wellness program.
Rich is recently the the developer of the One Room Wellness Center Strategy, a complete proven business model for implementing a successful wellness program in just 80-200 sq. ft. of any healthcare professional’s office in 60 days or less.
To find out more about our One Room Wellness Center Strategy and if it’s a profit-generating solution for you and your practice, start by talking with us today during a FREE 15-Minute Phone Consultation at 888.311.1345.
