Make Your Business A Medical Business
I can write that with the increasing number of people with little or no health insurance, a new business of medicine is emerging. The most up and coming forms of medical practices today include the revival of the medical house call practice or cash-only medical practices.
Niche markets in both the medical house call and cash only are increasingly moving forward to the large, untapped population of patients who are more than willing to pay out of pocket for these services. In addition to the benefit of having a physician travel to the patients’ homes with medical house call practices, the patients are also enjoying paying significantly less for routine visits to the doctor and basic tests by visiting cash-only medical practices.
Although my physicians who contract with managed care and HMO health plans can generate a high number of patients for his or her medical practice, high overhead and low reimbursement rates often negate the increased number of patients. Because of this, my family and other type physicians have had to increase their number of hours worked in order I can see more patients in a day, just to maintain even my income. Other physicians have taken a smarter route – by opting to reinvent an old practice model – the cash-only medical practice.
More and more, cash is becoming the secret to the formula for driving down healthcare costs and improving access to physicians for a growing segment of the population. Eighty to ninety percent of those who make visits to cash only medical practice will not be covered by health insurance. Those who do have health insurance will likely just have catastrophic coverage with a high deductible and opt to pay cash for regular physician office visits.
Within cash only medical practice
Setting several niche markets are targeting patients willing to pay of pocket. These niche markets include general medical practice (and all other non-invasive surgical specialties); medical house calls, pain management; opiate detoxification; plastic and cosmetic surgery (including breast augmentation, liposuction, facelifts, Restylane therapy); hair transplants, erectile dysfunction; laser eye surgery and more.
While most (up to 95%) cash only medical services are either elective services or acute uncomplicated too low complexity, and even sometimes medium complexity medical conditions that are being treated, there is a new trend of cash only or uninsured surgical clinics that are cropping up across the nations.
The medical house call or cash only medical practice will only continue to grow into one of the most profitable, pleasing ways to do my business for a physician. This model not only benefits my physician, but the growing number of patients who are lacking health insurance and proper medical care.
The medical and health field is getting pretty popular.
So many young people in today’s world envision themselves growing up to be some professional physician or medical specialist. They see that people of such professions are commonly well to do and desire to lead a similar lifestyle. However, it is important to note that not every aspect of the medical field requires years upon years of monetary investment and intense study to earn a decent living.
There are other ways I become a part of the medicine gold mine without having to spend an arm and a leg on years of study. There are certain services that medical doctors would not be able to function without, and, so these services which are highly demanded have proven to be quite lucrative.
There are numerous professions that are either direct or indirect offshoots of the medicine industry. One fine example this is a nurse. Nurses are constantly needed in hospitals and in assisted living homes for the elderly, and are currently benefiting from rising salaries due to high demand.
Nurses do not have to study nearly as long as physicians do before they start working, and they do not have to spend as much money on studies, remembering the fact that they make a very decent salary.
Pharmacists are another key to the medicine world.
Without pharmacists, doctors could prescribe as much medicine as they want, but no one would give it to them. Pharmacists earn a solid living as well.
Another important offshoot of my medical business is the clean room business. Doctors cannot even begin to function in an operating room unless it has been sanitized together with its utensils. The clean room business provides for sanitary conditions that make it safe for both doctors and patients.