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A recent survey of physicians conducted by the American Medical Association showed that the average physician spends 14.6 hours a week on Prior Authorization (PA) requests from insurance companies. While PA’s are seen as a “check” on physicians who may be ordering unnecessary medical treatment, the downstream effects are worth noting: According to the survey:...
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Between 2003 and 2010, the American Diabetes Association (ADA) lowered the threshold of hemoglobin A1C used to measure and define a condition known as “Prediabetes.” With the stroke of a pen, 70 million Americans who were otherwise healthy now had a chronic condition. The downstream effects of such a move shouldn’t be ignored. 56% of...
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Fee-for-service (FFS) is a payment model wherein health systems are paid for the number of services rendered. Every service is itemized and paid for a la carte. Dissenters of the model say it perverses economic incentives and is, in part, to blame for the over-medicalization of Americans. In other words, health systems are not incentivized...
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Orlando, Fla., July 16, 2019, Yahoo Finance, Author: Donovan Pyle CEO REBC, Health Compass Consulting LLC Republished by Yahoo Finance at https://finance.yahoo.coms/american-businesses-fixing-healthcare-120600067.html According to the Institute of Medicine, 30% of healthcare dollars are wasted, and since most Americans receive healthcare benefits from their employer, the opportunity for American businesses to solve one of our biggest...
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By Donovan Pyle, CEO of Health Compass Consulting in Orlando, FL ORLANDO, Fla., July 31, 2019, /PRNewswire/ — The previous article from Health Compass Consulting touted the success of innovative companies who made tremendous strides in reducing healthcare costs while improving benefits for employees. Donovan Pyle is a Registered Employee Benefits Consultant and the CEO of Health Compass Consulting in Orlando, FL. He...
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