How Doctors are Getting Help Setting up Independent Practices (Guest: Freedom Healthworks)
Direct primary care is taking off around the country, but how do doctors take the first step? Adam Habig, Christopher Habig and Dr. Rasheet Patel are the founders of Freedom Healthworks, a consulting firm that helps doctors do just that.
Recently, a Gallup poll came out that found Americans were skipping treatment because of the costs. Many of us are used to having someone else pay for health care, but nothing is free. In health care, rising costs are passed down through the form of co-pays, premiums and deductibles. One solution is to eliminate the third-party payment system where patients and providers can work independently and prices would come down because they would reflect natural, market forces. Providers wouldn’t charge what consumers can’t or won’t pay. Consumers will reward providers who give them maximum service. We have a system like that. It is called Direct Primary Care and no insurance is involved. Patients, or members as they are called, pay a flat monthly fee, usually under $100 per person, for unlimited primary care.
The concept has been around for several years, but still many people don’t know what it is, including doctors. Among the topics this 30-minute podcast covers:
- Why Freedom Healthworks started and what has been the demand for its services
- How DPC has grown, what is a typical practice
- How DPC operates outside of insurance, can it work for specialty care and hospitalization, are there enough options to make it affordable
- How much of a financial and professional risk is it for a doctor to start a DPC practice
- What are the legal and policy hurdles, how DPC can work with Medicare
- How employers are using DPC and what this is the largest opportunity for growth
- Health Savings Accounts and DPC
- How DPC helps with physician burnout
- How technology can work with DPC
Freedom Healthworks: https://freedomhealthworks.com/
DPC Frontier: https://www.dpcfrontier.com