We do a lot of unique things with it: dispensing medications, labs wholesale, monthly payments, working with employers, merchant fees, shipping labels, postage, and so forth. We needed an EMR for a very lean, very efficient, profitable practice.
How would you rate your level of satisfaction with this type of practice as a physician? And what do your patients think of it?
That’s why we’re making such great progress with insurance plans and employers, converting their expenses over to our low cost model. We can save an employer 30% on their premiums just by redesigning their plan to match up with our business model.
Ours is a better business model, and it decreases insurance premiums by at least $100 a month everywhere it is tried and applied. Our value propositions of unlimited visits, free procedures, no copays, discounts on wholesale medications and lab, can save patients significant amounts of money. We can also carve $600 or $700 a month out of insurance costs.
It’s a death spiral – premiums going up, reimbursement for physicians going down, productivity and profits dropping , I feel confident that ultimately most of the primary care market will be direct care. There is no value in doing more work for less money, and sooner or later, most physicians most physicians are going to turn off the lights in traditional practices.