Is There a Doctor In The House? Why, yes!
In today's New York Times online Dee Gill writes about the resurgence of physician house-calls. One California company, Care Level Management, employs about one hundred physicians and offers services to more than 13,000 chronically ill patients. Apparently, according to the article, it's a money-saver:
Care Level says that its house calls save insurers money by drastically reducing emergency room visits and hospitalizations. In fact, it guarantees savings.
For example, in a three-year trial Care Level is conducting with the federal government’s Centers for Medicare and Medicaid Services, Medicare pays Care Level a monthly case rate and a fee per visit to care for up to 25,000 patients in Texas, California and Florida. But Care Level must return the money unless net costs for its patients are at least 5 percent lower than the costs for patients in a control group. The company splits any saving above 5 percent with Medicare.
The company has used a similar payment structure to charge private insurers, although most of its private customers have switched to flat fees. Care Level says that independent audits show that it has reduced hospital admissions for private-insurer patients by 60 percent on average, for a net cost saving to clients of about 30 percent.
The article gives passing mention to another house-call operation closer to home, with a slightly different take on the financial opportunities:
Dr. Roberta Miller has run a home-visit practice for about 500 patients in the Albany area with her husband and another partner since 1998. She sees little chance for profits under Medicare’s payment plan. Overhead costs are kept low, she said, “but we can’t see a patient every 15 minutes.”