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IMPROVE EMPLOYEE HEALTH & CONTROL HEALTHCARE COSTS WITH DIRECT PRIMARY CAREPresented By: Dr. Timothy MurrayFounder and CEO of Solstice Health
Quick Housekeeping• Slidedeck will be posted on Solstice Health’s Website www.solsticewi.com
• We will have Q&A at the end, but feel free to ask questions throughout the webinar.
Quick Housekeeping
• Healthcare Outpacing Inflation 2:1• Premiums Increasing Without Any Control• Claims Filings Increasing Causing Higher Premiums• Employee Benefits Being Cut• Poor Employee Health
Worker Illness and Injury Costs U.S. Employers $225.8 Billion Annually Productivity losses linked to absenteeism cost employers $1,685 per employee.
Source: http://www.cdcfoundation.org/pr/2015/worker-illness-and-injury-costs-us-employers-225-billion-annually
Employer Healthcare ProblemsWhere to Start……
COST: Medical bankruptcy is the number-one cause of personal bankruptcy in the U.S.
TIME: 7-10 minutes average time with physician in fee for service model
ACCESS: 1 in 5 Americans lack adequate access to primary care
Source:
Source : Gallop
Employee Healthcare Problems
Misaligned Incentives Drive Costs and Poor Health OutcomesThis system incentivizes doctors to
- Take on a high number of patients and see them as quickly as possible
- Perform high-cost proceduresCommon Averages:2,500 patients per physician7 to 14 minutes per appointment18.5 days wait time for an appointment
How Did We Get Here?
Primary care is the essential foundation in the healthcare system.
Without affordable, accessible, convenient primary care, patients experience:
1. Costly avoidable visits to the ER2. Unnecessary visits to specialists for tests
and treatments that can be done in a primary care setting
3. Healthcare cost drivers avoid the doctor all together leading to a cascade of claims down the road.
The Result? Poor Health Outcomes
SolutionSolution : Direct Primary Care
Insurance cost + non profit hospital overhead + lack of transparency = $$$
Why Do We Eliminate Insurance?
How Direct Primary Care Provides Significant Cost Savings
How Direct Primary Care Provides Significant Cost Savings
Current Healthcare System
Characteristic Fee For Service Direct Primary Care
Panel Size Per Provider 2,000-3,000 600-800
Provider Incentive Volume-Based Quality-Based
Patient Access to MD Call Center 24/7 Access Via Telemedicine
Time Spent With Patients 7-10 Minutes > 30 Minutes
Annual Exam Specific & Brief Comprehensive with Lab Work
Access Extended Wait Times Same/Next Day Visits
Cost 400%+ mark up Wholesale Pricing
Coordination of Care Minimal Complete
Outcomes Highest spending with poorest population health
Superior health outcomes, lower cost, happy patients
Direct Primary Care Vs. Fee For Service
Direct Labs
Solstice Health provides wholesale lab and toxicology services.
Direct Labs
Solstice Health provides off-site direct imaging.
Direct Imaging
Pill# Generic Brand Solstice Wholesale
Price
Average Retail price
100 Citalopram20mg
(Antidepressant)
Celexa $3.50 $269.08
90 Atorvastatin(Cholesterol
Management)
Lipitor $7.73 $18.87
100 Lisinopril 20mg(Hypertension Management)
Prenail/Zistril $3.43 $106.37
Direct Medications & Pharmacy Capabilities
Solstice Health Provides over 200+ wholesale medications.
The Solstice Health mobile app provides patients 24/7 telemedicine access to Solstice Health’s primary care physician network. Patients can text, email, send photos or video conference with a Solstice Health Primary Care Physician in seconds through the mobile app. Solstice Health telemedicine services can provide a second opinion on an injury, illness or condition through our network of over 100+ specialists.
Telemedicine Services
Complete Healthcare For Less Than A Monthly Cell Phone Bill
