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Another SDNer (JMPeffer) and I recently exchanged some PMs about his ideas for an IMP based solely on house calls. I'm posting the contents of that exchange here with his permission, as the information may be of interest to other folks on the forum.
JMPeffer said:I'm really interested in the Micropractice model. How feasible would it be for a doctor to carry what he needs to run a clinic in an Ambulance sized truck. Say I wanted to drive from Nursing home to Nursing home and basically, outfit an ambulance w/ all the supplies I would need for a micro practice.
This is basically what I was getting at:
http://www.aafp.org/fpm/20060200/67cash.html
5K overhead, 150/200 hr. Sounds like a pretty simple gig.
KentW said:Location, location, location.
The estimated median household income in 2005 in Longboat Key, FL was $103,600, compared to $42,433 for the rest of Florida ( http://www.city-data.com/city/Longboat-Key-Florida.html ).
I'm sure that's an important part of the author's business plan.
JMPeffer said:So, Dr. Brand was set up in a fairly wealthy area, eh? I'm still hopeful this could work in an area with a more standard median income.
So, I found this Monitor (http://www.aafp.org/fpm/20020900/monitor.html), which cites a WSJ article I'm too tired to find that says Medicare Reimbursement rates for housecalls are significantly higher than for office visits. I figured if you combine that with an extremely low-overhead mobile practice, a great EMR system used via laptop, and a successful practice is very possible. Additionally-I figure one could work with patients w/o insurance using a Cash-based practice too, without having to worry about some of the hassles traditionaly involved in mixing a thirdy party payer system with a direct payment system.
KentW said:Oh, I'm sure it's possible. However, you'd want to sit down and run the numbers just like you would with any other new business venture.
This article may be useful, if you haven't seen it already:
House Calls: Taking the Practice to the Patient
http://www.aafp.org/fpm/20000600/49hous.html
I did a quick check at the CMS fee schedule lookup site ( http://www.cms.hhs.gov/PFSlookup/ ), and the reimbursement for established level 3 and level 4 home visits are about 22% and 20% higher, respectively, than their office-based equivalents.
For Virginia:
99348 $74.01 (home visit, level 3)
99213 $57.72 (office visit, level 3)
---> Home visit is 22% higher
99349 $108.14 (home visit, level 4)
99214 $86.77 (office visit, level 4)
---> Home visit is 20% higher
Of course, if you factor in third-party billing and collection expenses, your overhead will be higher than it would in a cash-only practice.