If you as a provider weren’t already “over” health insurance reimbursement, maybe the Change Healthcare cyber attack will push you over the edge and force you to make a “change” in your practice.
The Problem with Insurance-based medical practices
Since Change Healthcare is an intermediary between your EMR’s billing system or the patient’s insurance plan, Change Healthcare’s cyber attack by a state actor is disrupting the billing side of healthcare. And this is resulting in delays in payments to providers.
The solution?
Reduce dependency on insurance-based reimbursement. Shift to a cash-based reimbursement model. Easy to say but in the past, this wasn’t an option for every provider. For example, a plastic surgeon offers both reconstructive (insurance-based) and cosmetic (cash-based) services. The more reconstructive surgery they provide, the more dependency on insurance-reimbursement. The more cosmetic surgery and medicine they provide, the less dependent they are on insurance.
Of course, not every provider specialty has that same luxury as a plastic surgeon. There’s not an “aesthetic” option in gastroenterology. Not until now! All providers now have a cash-based practice option they didn’t have before.
We’re all obesity doctors now!
As this recent Medscape webinar discussed, the advent of highly successful weight loss options like GLP-1 receptor agonists such as Ozempic and Mounjaro, patients are losing weight faster and more safely than ever before. That leads to an increased demand for the medication and obesity medicine specialists to prescribe them. But there aren’t enough of those specialists to go around. That’s why in the webinar, they were asking for help from all providers that deal with obesity directly or indirectly, which is all providers.
Because of the medication shortage, the FDA allows compounding pharmacies to duplicate the commercially available drugs Ozempic/Wegovy and Mounjaro/Zepbound in the form of their active ingredients, semaglutide and tirzepatide, respectively. That means a provider can purchase these compounded meds from the pharmacy and provide them to the patient through a monthly medication subscription program. So rather than the patient receiving a prescription and then searching for the name brand drug, the provider sends the patient the actual compounded medication to their doorstep.
It’s more convenient for the patient and ensures continued, consistent access to the medication. Because even if insurance covers the name brand, the name brand supply isn’t consistent so patients end up yo-yo dieting from losing weight while they have access to the medication to regaining when they don’t. Not the yo-yo dieting you were thinking of!
For these reasons, every provider, who is usually in contact with obesity on a daily basis, can now offer these compounded medications to patients in their practice. And because compounded versions are not covered by insurance, the patient uses a credit card for their monthly subscription, just like Netflix. And this is how all providers now have the previously unavailable option of shifting from an insurance- to a cash-based practice. When you can increase your monthly recurring revenue, stress and anxiety are reduced and life is a little better!
Turnkey Solution for Weight Management Programs
For a weight management program to be a turnkey solution, it must be ready to go when you purchase the program. Now, systems obviously need to be put in place and established, it is not as simple as clicking “purchase” and all the sudden you can turn around and offer it to the nearest patient. However, upon choosing a weight management program you should expect the provider to quickly assist your practice in a quick implementation to deliver a turnkey product in a matter of weeks at most. Once the program is linked with your practice’s systems and minimal training is provided to your staff, you can then start offering to your patients.
Implement a Turnkey Solution Today
Avoid spending extensive time researching your own weight management solution just to potentially find that it does not encompass all that it needs to in order to give your patients the program they deserve. Instead, contact BuildMyHealth and have a turnkey solution that will help you provide your practice with a ready-to-go solution that you can start offering your patients as soon as possible.
Weight management is a consistently thriving industry, projected to reach a market value of billions of dollars worldwide soon. By implementing a weight management program, you can establish a solid presence in this rapidly expanding market and meet the increasing need for efficient weight management solutions. Take advantage of the current health and wellness trend by providing customers with a dependable and reputable program that can assist them in attaining their weight loss objectives.
Our weight management program is supported by thorough research, expertise, and a proven record of success. By obtaining a license for our technology, you will have the opportunity to access a comprehensive and well-rounded program that has already proven its efficacy in assisting individuals in attaining sustainable weight loss.
Instead of incurring the expense and dedicating time to create your own weight management solution, you can utilize our established program to promptly deliver value to your customers.
We also have the capability to connect you to our extensive network of compounding pharmacies throughout the country that have access to semaglutide, tirzepatide, and liraglutide.
Let BuildMyHealth do the work for you. Then, you can reap the benefits by providing an effective solution to your patient base, helping your practice be more effective in the process.
To find a provider near you with these medications, please visit BuildMyBod.com/weight-management and if you’re a provider looking to implement a weight management program into your practice, request an account here.
