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AHealthcareZ - Healthcare Finance Explained
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Добавлен 10 ноя 2018
AHealthcareZ is Healthcare Finance Explained. Learn how the US healthcare system works... or doesn't work.
Video topics include healthcare costs, health insurance, hospital finance, prescription costs, healthcare policy, Medicare, Medicaid, employer-sponsored healthcare and patient out-of-pocket costs
Dr. Bricker is an Internal Medicine Physician and the former Co-Founder and Chief Medical Officer of Compass Professional Health Services.
Video topics include healthcare costs, health insurance, hospital finance, prescription costs, healthcare policy, Medicare, Medicaid, employer-sponsored healthcare and patient out-of-pocket costs
Dr. Bricker is an Internal Medicine Physician and the former Co-Founder and Chief Medical Officer of Compass Professional Health Services.
Shortages in Healthcare: Why? How Do We Fix Them?
Why Are There Shortages in Healthcare and How Do We Fix Them?
There will be a shortage of 21,000 - 55,000 primary care physicians by 2033. Additionally, there are 195,000 vacancies for nursing positions in America every year because of the nursing shortage.
Shortages in healthcare are determined by the Law of Supply and Demand. In a normal market situation, supply and demand reach an equilibrium price and an equilibrium quantity. As a result, there is NO Shortage.
However, if the price is set artificially low, then not enough will be supplied relative to demand and there will be a shortage.
In the case of labor, the 'price' of labor is the wage. The 'quantity of labor' is the number of people...
There will be a shortage of 21,000 - 55,000 primary care physicians by 2033. Additionally, there are 195,000 vacancies for nursing positions in America every year because of the nursing shortage.
Shortages in healthcare are determined by the Law of Supply and Demand. In a normal market situation, supply and demand reach an equilibrium price and an equilibrium quantity. As a result, there is NO Shortage.
However, if the price is set artificially low, then not enough will be supplied relative to demand and there will be a shortage.
In the case of labor, the 'price' of labor is the wage. The 'quantity of labor' is the number of people...
Просмотров: 1 501
Видео
Secret to Primary Care Profitability and Scale
Просмотров 3,2 тыс.День назад
Secret to Primary Care Profitability and Scale. You will learn why Walmart and Walgreens VillageMD were unsuccessful with fee-for-service primary care. However, you will also learn WHY Primary Care is Successful at Scale with: 1) Hospital Systems 2) Full-Risk Medicare Advantage 3) Direct Primary Care 4) On-Site Employer Clinics The 'Secret' to Primary Care Success is either 1) a recurring reven...
Payvider: Health Insurance Payer and Healthcare Provider Combination Explained
Просмотров 2,8 тыс.21 день назад
Payvider: Health Insurance Payer and Healthcare Provider Combination Explained. A 'Payvider' is an organization that combines a health insurance company that collects premium and bears risk with a provider of healthcare services (e.g. primary care clinics, specialist clinics, hospitals, etc.) Kaiser is the oldest and most well known payvider with over 12 million members, 40 hospitals and 618 cl...
Revenue Cycle Management in Healthcare Explained
Просмотров 5 тыс.Месяц назад
Revenue Cycle Management (RCM) in Healthcare Explained. Revenue Cycle Management means 'getting the bills paid' for hospitals, doctors and other healthcare providers. The video explains the steps in RCM: 1) Pre-Registration, 2) Registration, 3) Charge Capture, 4) Utilization Review, 5) Coding, 6) Claim Submission, 7) Remittance Processing, 8) Follow Up and 9) Patient Collections. RCM is a $29B ...
Medicare Inpatient Only List Explained
Просмотров 3,2 тыс.Месяц назад
Medicare Inpatient Only List Explained. Medicare has a list of approximately 1,800 procedure codes for procedures that it will ONLY pay for on an inpatient basis. These tend to be more invasive surgeries such as a coronary artery bypass graft (CABG). However, starting in 2021 CMS starting removing procedures from the Inpatient Only List, meaning these procedures can now be paid for on a outpati...
In-Network Steerage Strategies for Employer-Sponsored Health Plans
Просмотров 1,6 тыс.Месяц назад
In-Network Steerage Strategies for Employer-Sponsored Health Plans. This video is the sequel to the previous video 'Get Serious About Healthcare Costs' Link HERE: ruclips.net/video/yZaELrrRPos/видео.html Low Value Specialist care is one of the Largest drivers of Employer-Sponsored Healthcare costs. Low Value... as in Low Quality and High Cost. Therefore, steerage AWAY from Low Value Specialists...
Increase Lifespan by 9 to 10 Years
Просмотров 1,9 тыс.2 месяца назад
Increase Lifespan by 9 to10 Years by Eliminating These 12 Risk Factors. Eliminating risk factors can increase lifespan by a certain number of years. The number of years is different for men and women, but the overall impact of each risk factor is similar. Smoking is the most impactful risk factor on lifespan. If a man eliminates the risk of smoking, he increases his lifespan by 3.2 years. For w...
Blue Cross Health Insurance Companies Must Now Compete...Second BlueBid Explained
Просмотров 3,8 тыс.2 месяца назад
Blue Cross Health Insurance Companies Must Now Compete...Second BlueBid Explained Blue Cross is not one company. It's actually 36 separate companies that are connected to each other via the Blue Cross Blue Shield Association. Each Blue Cross company has a geographic monopoly for the employers in their geographic area. Meaning historically each Blue Cross plan would never compete with another fo...
How Finance Changes Biochemistry and Causes Disease... Metabolical Book Review
Просмотров 2,5 тыс.2 месяца назад
How Finance Changes Biochemistry and Causes Disease... 'Metabolical' Book Review. 'Metabolical' is the latest book by Dr. Robert Lustig, who wrote it after retiring as a pediatric neuroendocrinologist at the University of California at San Francisco (one of the top academic medical centers in the country). Dr. Lustig explains how the food industry strategized to increase profits by adding sugar...
Press Ganey Patient Satisfaction Scores Explained
Просмотров 1,7 тыс.2 месяца назад
Press Ganey Patient Satisfaction Scores Explained. Press Ganey is a company based in South Bend, IN that has been conducting patient surveys for 38 years. Over 50% of US hospital systems use Press Ganey to survey their patients to measure satisfaction... including satisfaction with their doctors. Doctors are measured on 10 questions ranging from empathy to communication skills to if the patient...
Corrupt Dialysis Industry Exposed... "How to Make a Killing" Book Review
Просмотров 3 тыс.2 месяца назад
Corrupt Dialysis Industry Exposed... "How to Make a Killing" Book Review. Tom Mueller has written an excellent book about corruption in the dialysis industry called "How to Make a Killing." The book lays out the story of dialysis from its invention around the time of World War 2 to its eventual coverage by Medicare in 1972. The book goes on to chronicle the consolidation of many dialysis compan...
Health Insurance Company Buys Doctor Practice... A Fable
Просмотров 2,3 тыс.3 месяца назад
The Fable of "The Multi-Specialty Physician Practice and the Insurance Carrier." In this fable, physician practice sells to a vertically integrated insurance carrier. This physician practice used a vendor called Vendor A to perform a particular service for certain patients. Vendor A charged $300 per patient per day. Everyone was happy. The patients were happy. The physicians were happy. Vendor ...
Public Safety Net Hospitals... Hidden Subsidy to Other Hospitals
Просмотров 1,3 тыс.3 месяца назад
Public Safety Net Hospitals... Hidden Subsidy They Provide to Other Area Hospitals. Public Safety Net Hospitals are in large cities and are funded by local taxes to care care of local people... even if they are uninsured. Examples of Public Safety Net Hospitals include Bellevue Hospital in New York City, Jackson Memorial in Miami, Grady Memorial in Atlanta and Ben Taub Hospital in Houston. The ...
Healthcare Quality is Diligence, Thoroughness and Attention to Detail... Learn How to Find It.
Просмотров 2 тыс.3 месяца назад
Healthcare Quality is Diligence, Thoroughness and Attention to Detail... Learn How to Find It. Over 100 years ago, Dr. William Osler was the founding doctor of the Department of Medicine for the Johns Hopkins School of Medicine in Baltimore. Osler said the greatest shortcoming of doctors is Apathy, Complacency, Indifference. Conversely, high quality healthcare is defined by just the opposite......
University Hospitals' Medicare Breakeven Plan - A Model for America
Просмотров 2,5 тыс.4 месяца назад
University Hospitals' Medicare Breakeven Plan - A Model for America's Hospitals. University Hospitals is an 18 hospital system in the Cleveland area of Northeast Ohio. University Hospitals made it a strategic goal to be 'Medicare Breakeven'... meaning their costs would be low enough that they would 'breakeven' with Medicare's rate of reimbursement. To accomplish this goal, University Hospitals ...
UnitedHealth Group is a $497B Giant... Larger Than Its 5 Closest Competitors Combined
Просмотров 4,2 тыс.4 месяца назад
UnitedHealth Group is a $497B Giant... Larger Than Its 5 Closest Competitors Combined
Get Serious About Healthcare Costs
Просмотров 3,3 тыс.4 месяца назад
Get Serious About Healthcare Costs
Cure for Point Solution Burnout: How Employee Health Plans Should Pick the Right Vendors
Просмотров 2 тыс.5 месяцев назад
Cure for Point Solution Burnout: How Employee Health Plans Should Pick the Right Vendors
CVS Health PBM and Pharmacy Price Changes
Просмотров 6 тыс.5 месяцев назад
CVS Health PBM and Pharmacy Price Changes
How Much to Employee Benefits Professionals Make??
Просмотров 1,6 тыс.5 месяцев назад
How Much to Employee Benefits Professionals Make??
Physician Performance Reviews Explained
Просмотров 1,9 тыс.5 месяцев назад
Physician Performance Reviews Explained
AHealthcareZ Healthcare Finance Community Described
Просмотров 9365 месяцев назад
AHealthcareZ Healthcare Finance Community Described
How the Traditional PBM Prior Authorization Process Does NOT Work
Просмотров 1,3 тыс.6 месяцев назад
How the Traditional PBM Prior Authorization Process Does NOT Work
Employed Doctors Earn More Money Than Independent Physicians
Просмотров 2,8 тыс.6 месяцев назад
Employed Doctors Earn More Money Than Independent Physicians
Healthcare Startup Accelerators and Incubators Explained
Просмотров 2 тыс.6 месяцев назад
Healthcare Startup Accelerators and Incubators Explained
Direct Contracting Between Doctors/Hospitals and Employers: Guaranteed Price with a Warranty.
Просмотров 1,1 тыс.6 месяцев назад
Direct Contracting Between Doctors/Hospitals and Employers: Guaranteed Price with a Warranty.
Elon Musk Algorithm Applied to Healthcare
Просмотров 3,4 тыс.6 месяцев назад
Elon Musk Algorithm Applied to Healthcare
Demographics that Drive Employee Health
Просмотров 1 тыс.7 месяцев назад
Demographics that Drive Employee Health
Huge fan of your content! It’s helped me deeply understand the healthcare industry in all aspects. The hospitals, insurance carriers, PBMs, reimbursement models, etc. The writing on the white board was intimidating at first, but your explanations simplify it all so well! As a consultant who just started working with health insurance carriers, I take with me and apply all that I have learned from your videos!
Ozempic enters chart.
That is great🫡
Appreciated for your enthusiastic explanation.
Could you tell me if this would help with an emergency air helicopter bill of 62k. Our insurance denied coverage saying it is not covered under our plan. 62k is an insane amount that is well over the national average. This was not elected either.
Unfortunately no. Contacting your state Senator would be a possible next step. Some states have different laws to protect citizens.
Thank you for your videos doctor. They have taught me a lot about value-based care. If PCPs were to be compensated based on the health outcomes of the populations they serve, and economics drives people to go where the money is, how; other then relying on altruism, can systems attract and retain providers in areas which have a history of being statistically unhealthier than others? Surely such populations exist and are a function of poverty or factor X or whatever. And if so, they will always exist no? How does one economically motivate providers to care for these populations if the populations cannot be influenced towards measurable improvements in population health outcomes? Perhaps you disagree and believe that no such population exists?
Conflict riddled consultants like AON, Willis Towers Watson, Mercer/MMA are major problems. They are massive firms that use sophomoric evaluation techniques to grade PBMs and have their own drug coalitions which only the Big 3 are allowed to participate. After the J&J lawsuit for a breach of fiduciary duty, Aon should have been listed as a defendant right there with them.
Thank you for sharing your thoughts.
There's nothing wrong with making a profit but I just can't understand how these senior managers are so unnecessarily nasty, cruel and greedy. Don't they have blood in their veins? Don't they have family members that they worry this might happen to?
Thank you for watching and sharing your thoughts.
@4:20 I love how Dr Bricker already knows that getting the data will have some pushback. 😂 I imagine it’s because the provider knows what you’re doing and doesn’t want you digging too deep.
Thank you for watching and for your feedback.
this isn't fair to primary care physicians. the things you are stating don't help us who actually create all the value outside of a dpc practice which knocks out about 95% of the population. creating value for a hospital system or a PE backed venture like chenmed is great for those at the top but doesn't help us in the trenches
the 4 big insurers and medicare and medicaid refuse to ever give us any sort of stable capitated rate. medicaid capitation is barely enough to keep the lights on. Medicare advantage capitation is decent but you only have so many of those patients and everyone and their mother is fighting for them. Commercial refuses to ever provide any sort of capitated rate so we remain stuck in ffs hell. That is about 95% of the population
Thank you for sharing your experience.
Thank you for your feedback. Is there a way to make meaningful progress toward sustainability for your practice in the next 12 months? I’m hoping the answer is Yes.
I came to US as an International student and was so confused with how health insurance and billing system works. I work in healthcare after my graduation and find it important to understand the financing and RCM. Thank you for simple and informative video!
Thank you for watching and for your comment.
I want the flow chart of insurance steps how to approach reimbursement procesd
Thank you for your suggestion.
Who will submit the EOB documents
Excellent presentation. You made a complex topic very simple.
Thank you for watching.
Of course some practitioners can afford to buy their own equipment (eg a LASIK machine) and be somewhat ‘affordable’- however more complex areas - eg neurosurgery, transplant surgery, dialysis- require more equipment, theatres, ICU beds, nurses, therapists - which individual specialists could not provide or bill for…
Thank you for sharing your thoughts.
Great video, surprised you didn't talk about the reduced doctor headcount due to residency funding
Thank you for watching and for your feedback.
Great video. You have great presence. I am very fascinated on your thoughts on how the university system could have some impact on the situation.
Thank you for watching and for your feedback.
Because CVS only uses McKesson as its wholesaler and it's one of its biggest customers, do you think that McKesson cuts them good deals? If so, does this mean that it can be cheaper to get drugs at CVS?
Yes. No, because of margin siphoned off by PBM.
Frankly, it’s just a more extreme form of having to deal with insurance companies.
Thank you for your comment.
They should open more med school spots
Thank you for sharing your thoughts.
Partially correct, but the underlying culprit (for MDs) is the GME funding that pays for residency programs. This funding, primarily through the Social Security Administration (CMS) is a set pool of funds controlled by congress. With a fixed and rarely increasing funding pool for residency programs the number of residency positions available in the US each year is restricted. It would not make sense for a university to graduate more MDs than they can place in residencies.
Health economics, I did not expect to see you so soon since that one class. This cannot be helped. 🤣 And I meant the topic, not shortages. Thank you US. 😒
Thank you for watching and for your comment.
From Artificial Pricing to Artificial Care => Robo-doc in-a-box here we come. Would be great to hear you speak about the various business venture opportunities being forged as a result of the shortages.
Thank you for your comment.
Have you thought about writing a book? I have found your videos so helpful!
I have. ‘Healthcare Money Campfire Stories’ available on Amazon. 👍
@@ahealthcarez great, I'm getting it. Thanks!
Will you discuss Singapore model of care provision? Hybrid of government-subsidized catastrophic care and self-pay using tax-advantaged HSAs.
Great suggestion. Thank you.
Couple this with "implicit bias" such as antisemitism encouraged at University level, you have half the country facing severely restricted supply of licensed medical professionals who are able to render objective care. Solution? Deregulation. Take monopoly healthcare provision control out of corrupt government hands, let free market provide solutions.
Apply the same laws to dentistry--there is no shortage of dentistry, why? they're all cash pay and you can get a tooth issue basically whenever you want. Dental insurance is extremely limited and costly and a business for the insurance company to lure the patient by covering some basics but not the complex. If primary care stopped accepting third party payment en masse, we'd see a stabilization of pay and supply, more doctors would choose this field because it would be an attractive lifestyle. Right now it is atrocious pay, abuse from employers and patients, and very limited concierge practices. So noboy is rushing into family practice or internal med, sadly. They want dermatology and ophthalmology.
Thank you for sharing your thoughts.
That's a great video, thank you, I observed you only depict facts, but why not solutions on them?
Thank you for watching and for your feedback.
Same thing is happening with public school teachers
Thank you for sharing your thoughts.
Let me know your address and I'll ship you a microphone. Do you need 3.5mm input? On what device are you recording? I bounced after the first 3 seconds.
Thank you for your feedback.
Limited spaces in med school by ama. Limited salary of nurses by hospitals
Hospitals have monopsony power in nursing labor market. Nurses likely to become more unionized to counter.
@@ahealthcarez what about the limits on supply of doctors, a much bigger cost factor? No limits on nursing schools so it seems like mainly the increasing stress of the job is limiting supply because the job can’t compete with other options. But again, thanks for raising and explaining all these details of healthcare. Really appreciated.
@@ahealthcarez you might consider an episode on how the difference in quality management between healthcare and all other industries has left healthcare weak on the ability to improve to lower cost. ISO 9000 and other qms in all other industries requires working process improvement. Healthcare seems to just be audited to regulations, leaving healthcare largely passively waiting for regulators to tell them how to change. I am an expert on lean in aerospace if you ever want free advice in that area.
So to have enough nurses and primary care physicians should their wages be increased? Why do you think it never be solved?
Their pay is increased in a cash-pay environment where the customer pays the provider. It’s the 3rd party payment by government and insurance companies that creates the shortage because they suppress the wage below the market level.
@ahealthcarez Yes, and they also add significantly to the administrative burden, which is causing many to drop out
I just started watching your videos and honestly impressed! You deliver information in a simple way and with a high quality! It's very rare today to find a person with this unique ability. Appreciate your work a lot!
Thank you for your feedback.
Thank you for creating these videos. You breakdown the information so its easy to understand!
Thank you for watching and for your feedback.
I know I’m late to the party, but I am wondering how direct primary care doctors buy their medications. Are there wholesale companies that will do this? Wonderful as always, Dr. Bricker.
Direct primary care doctors can dispense medications only in certain states (e.g. Kansas). In other states, it’s against the law (e.g. Texas). There are large distributors such as McKesson.
I’m in Utah, and they just changed the law to enable docs to do this. Thanks for your response!😊
If everyone went with whole food low plant based 90% nutrition we would reduce health care costs by 70%.
Dr. Robert Lustig would probably agree with you. Thank you for watching.
I have seen first hand the way doctors have changed the way they practice everytime a private practice sold to a hospital or equity corporation i stopped going to them.
Thank you for sharing your experience.
… ok but what about medication coverage? I’m all for staying in my health care system for providers, but who is going to advocate to cover expensive meds?
This is new format is awesome!
Thank you for your feedback.
Hello Dr Bricker, Thanks for the info.🙉 It sounds like your lapel microphone is not working and all the audio is what's being recorded via your on camera mic. Once you fix that your audio will be as good as the info! 🤓
Thank you for your feedback.
Basically they have more money so they pay themselves more money. So they are incentivized to expand into wealthy areas and takeover other hospitals more than anything else. The rest is bonus as they say.
Yes. Thank you for watching and for your comment.
Its still siloed...within the hospital or doc practice...
Thank you for sharing your experience.
Its technically called a metric shit ton
Thank you for watching and for your comment.
Americas Bitter Pill is a great book on the ACA and the back room deals that lead to it
Agreed. Thank you for your comment.
Thank you for the insightful video. What is your opinion on General Catalyst taking over Summa Health? Will the cost of health care increase?
Optimistic. Thank you for your question.
What is care management?
Simple solution, dont refill prescription unless the patient comes in for a visit.
Many doctors do that. Thank you for watching.
This sounds great, but unfortunate that only 0.04% of U.S. Companies employ over 5,000 employees.
Thank you for sharing.
so which plan is better for members? MA plans seem like scams where the health insurance companies profit off you
If you are healthy, MA may be better. If you need to see the doctor, Traditional Medicare may be better.
Can you make a video series about optum.
He is one I already made: ruclips.net/video/dHAr0s33Gns/видео.htmlfeature=shared
One medical seemed to have figured it out a while ago, correct? I believe they both charge a subscription fee plus file claims to insurance.
Thank you for sharing your perspective.
they didn't 'figure out' anything they were backed by VC and never profitable. As long as you don't have to turn a profit have an endless money supply you can look amazing.