Weight loss company Retrofit has gained a few more pounds, errr, dollars, $5 million to be exact, for expanding its business.
According to the Patient Centered Primary Care Consortium implementing a medical home has astounding benefits, including reductions in cost, better health outcomes and higher patient satisfaction. The Group published its annual report of the state of the evidence on the benefits of medical homes, which unfortunately contains methodological issues too numerous to detail.
http://www.milbank.org/uploads/documents/reports/Patient-Centered_Medical_Homes_Impact_on_Cost_and_Quality.pdfAccording to the American Hospital Association, hospitals provided over $45 billion in uncompensated care in 2012, including charity care and bad debt write-offs, and they had $56 billion in under compensated care, which is there way of calculating that Medicare and Medicaid paid them less than the cost of care.
http://www.ahanews.com/ahanews/jsp/display.jsp?dcrpath=AHANEWS/AHANewsNowArticle/data/ann_011414_underpayment&domain=AHANEWSAvalere Health projects that Medicaid enrollment in private health plans will grow substantially, up 20% over last year and up by 38% from 2013 to 2016, as more states push most or all of their Medicaid eligibles into private plans and the expansions under the reform law kick in.
http://www.avalerehealth.net/expertise/managed-care/insights/analysis-medicaid-plans-expected-to-grow-20-this-year-under-aca-expansionUnitedHealth Group, the first of the nation's large health plan companies to report earnings, said per share profit rose from $1.20 in the fourth quarter of 2012 to $1.41 this year. Revenue rose to over $31 billion. The company affirmed a forecast of $5.40 to $5.60 in earnings per share for 2014.
http://www.bloomberg.com/news/2014-01-16/unitedhealth-quarterly-profit-climbs-as-enrollment-rises.htmlTeladoc, which provides remote consultations for individual consumers and health plan members, said that it now covers 7.5 million people and will double its revenues in 2014.
http://www.teladoc.com/news/2014/01/15/teladoc-announces-adding-one-million-new-members-and-expects-to-double-annual-revenue-in-2014/A statistical brief from AHRQ looked at trends in health expenditures for the over-65 population for 2001, 2006 and 2011, in constant dollars. $414.3 billion was spent on health care for this population in 2011, $100 billion higher than in 2001. Average per person expense was $9863 compared to $8815 in 2001. The percent of people with an ER visit, inpatient stay or hospital outpatient visit declined from 2001 to 2011 and outpatient care and drugs accounted for more expense in 2011 than in 2001. Average costs for all types of services were higher in 2011. Medicare paid for 62.4% of the elderly's health expense in 2011 compared to 54.7% in 2001.
http://meps.ahrq.gov/mepsweb/data_files/publications/st429/stat429.pdfAn AHRQ statistical brief based on survey data for 2012 finds that about 55.4 million employees were enrolled in their company's health plan (including dependents, the total number covered is much higher). Eighty percent were in a plan with a deductible. Single deductibles averaged $881 at larger employers and over $1500 at smaller ones, family deductibles averaged $3300 for small firms and $1800 at larger ones. About 66% of enrollees had copays, with more small companies than large ones including them in the benefit design. The average copay was $23.77. Around 27% of plans had coinsurance, with the average being about 19% of cost.
http://meps.ahrq.gov/mepsweb/data_files/publications/st427/stat427.pdfAbout this Blog
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.