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/About 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.