This blog will hopefully give other docs an inside look at the trials and tribulations of transitioning a busy solo family practice office to a third party and managed care free practice.

Thursday, March 12, 2009

It has been an eclectic week so far

After the slowest day of the year on tuesday, I had 19 patients through my office today. Most of my time was spent with patient's, very little on other matters. It felt good!!!

Of the 19, 6 were Medicare, 6 were wellness plan, and 7 were selfpay.

3 New wellness plan enrollees today.

1 was a renewal from last year, 1 was already a patient, but enrolled this year as she wants to work more on prevention, and 1 was new to the practice. Interestingly, this last patient recently moved from California, and wanted to work with a doc who has the time to listen, and also who will not nickle and dime her with office visits. When she saw the wellness plan, with the monthly auto-pay option, she signed right after our visit was over.

I may have said this before, but I think the zero copay option to the wellness plan along with the monthly autopay option is attracting more patients, especially the uninsured, and those with high deductible policies. In fact, one wellness patient came in tonight, just for 2 rxs, and informed me as soon as he gets his hsa funded, within the month, he will be enrolling his family in the plan, instead of just himself. This is what I hoped to be able to do, enroll more families!!

This last patient also switched, at my suggestion, into an HSA with a $5000 deductible for his family. His previous family premiums were $1500/month with $10 copays. He now pays only $700/month. Thats $9,600 in premiums savings a year. His $5000 deductible is self funded but is tax deductible, which saves him another 28-31%. So his savings by being in an HSA , even if he uses all his deductible is about $6000 a year. And his wellness plan will come directly out of his HSA and count towards his deductible.

If we can somehow get more HSA plans in to the mainstream, my style of practice will thrive!!

DoctorSH

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