Health Provider Solutions
Continued reduction in doctor's reimbursements and recent modifications in the healthcare industry such as the recent healthcare bill proposed by the Obama administration have made sustaining a profitable practice more difficult than ever. EliteHealth's technology and patient membership solutions increase practice revenue and improve quality of care. Our solutions have been effectively implemented in various medical practices throughout the country.
These solutions are offered through two different programs: EliteHealth Technology Solutions, and EliteHealth Patient Care Solutions. These can be implemented either collectively or independently based on the practice's individual goals.
EliteHealth Patient Care Solutions
Implementing a Membership Model enables physicians to spend time more efficiently with their patients, while ultimately gaining control over their compensation.
The main benefit of Membership Model for the doctors is the independence recovered by a direct financial relationship with the patient, without the interference of the third parties. The greatest benefit for the patients is the higher-level personal care received as a result of lower physician to patient ratio (500 patients / physician) and trouble-free access to the physician. The result is a more personalized healthcare experience.
In order to adapt to market pressures, some physicians currently choose to pursue full concierge practices. The concierge practice model works well for physicians – and for the patients who can afford it - but it often disenfranchises those patients who can't afford or don't prefer that type of model.
Alternatively, in a hybrid concierge program, physicians dedicate a small portion of their day to the concierge program services; such as comprehensive screenings, physical exams and follow-up care. The remainder of their time is spent with traditional patients, ensuring that traditional patients are also attended to. Furthermore patients acquire more choices regarding how they receive their care, and practices earn additional revenue via a direct source; facilitating participation in plans and programs.
"EliteHealth's hybrid model constitutes a remarkable solution for physicians The hybrid model aspires to accomplish this by shifting a fraction of the practice towards a consumer-driver healthcare model, supplying fair reimbursements, and offering a more sensible work/life balance for physicians."
Dr. Schnur
Founder and President of EliteHeath
There are many benefits for doctors and patients with a hybrid concierge model:
- The program helps to offset high overhead cost
- It can be expanded and tightened as desired by the physician and his/her patients
- It provides a much more relaxed work day for physicians
- Additional revenue can reward doctors for excellence
- Patients can obtain same-day appointments, extended office consultations, detailed evaluations, and 24-hour direct phone and e-mail access to their physicians.
What do I get by becoming an EliteHealth Affiliate Physician Practice?
By becoming an affiliate practice you'll gain access to the following:
- Patient Membership agreements
- Tried and tested pricing model
- Practice transition consulting
- Marketing materials
- On-site implementation specialist
- Ongoing consulting with business manager and other physicians
- Access to the nationwide network of EliteHealth physician partners and diagnostic testing resources
EliteHealth is uniquely positioned in the fast growing healthcare industry. With the services
EliteHealth offers everything you need in one package: High-level customer service, a variety of the finest tools and applications and continuous support.
Our goal is to deliver access to information in an intuitive, relevant manner; seamlessly fitting into your workflow while increasing revenue and enhancing patient care.
EliteHealth Membership
At EliteHealth, we provide high-level healthcare and customer service for both patients and physicians. Understanding that every patient has different priorities, we offer an assortment of membership plans to suit each patients needs.
Concierge Membership
EliteHealth Concierge Membership plan is designed to provide VIP personalized healthcare with direct access to the physicians. Members of this plan are assigned to a Patient Care Concierge who will manage all aspects of their EliteHealth experience.
Prevention Plus Membership
The Prevention Plus Membership is a revolutionary health program that offers state-of-the-art medicine by world-renowned physicians. It is designed for those who put health and well-being first.
Executive Membership
The Executive Membership is a wellness program developed for the busy executive. This membership solution is specifically tailored to improve executive health while delivering efficient healthcare that reduces time spent away from work.
Corporate Wellness Membership
EliteHealth specializes in corporate and executive healthcare solutions. Corporate Wellness Membership is offered to corporations who consider their employee's well-being their highest priority.
As an EliteHealth affiliate physician you'll have the flexibility of implementing a membership pricing model that fits your practice and patient demographic. Below is a sample pricing used by most of our practices:
Concierge $5000
Executive Wellness $2500
Prevention Plus $3000
Prevention $500
Corporate Wellness $350
EliteHealth Technology Solutions
EliteHealth Technology Solutions offer medical practices a suite of tools which enables them to obtain more revenue and provide higher-level patient care. Technology Solutions is composed of the multi-feature patient portal, which represents the main revenue producer for physicians. In addition to the revenue generated by the monthly access fee to the patient portal; the practice also receives additional revenue from eConsultations and online marketplace purchases.
In addition to the patient portal, Technology Solutions also offers an electronic medical record system that will present patients with the convenience of access to their own medical records. This feature assists physicians in saving office space, and avoids redundant costs. Implementing this tool also results in an organized and unified health care system. EliteHealth has partnered with various EMR and Document Management software vendors to assist practices which don't have a current solution in place.
Cost Saving Case Study
The average annual cost of medical office space is $24.06 per square foot. If you devote just 300 square feet to medical records, it will add year after year, more than $7,200 to office overhead. Furthermore, wasted space is the equivalent of real revenue loss for the practice. For example, if a practice opened a new exam room, they could see 25 more patients per day, 5 days a week with average revenue of just $80 per patient. The former chart space would generate an additional $470,000 annually for the practice. That same space could also be utilized to assist concierge patients.
When practices accumulate too many charts, they turn to offsite storage. It costs about 50 cents per month to store just one box in a secure, temperature-controlled, HIPAA-compliant storage facility. Got 500 boxes? That's $3,000 per year. Nationally, retrieval costs vary between $50 to $75 every time a chart is pulled out of storage. Just 3 charts per week adds up to over $7,200 annually, totaling over $100,000 in additional overhead for the retention period.
The national average shows that practices need one file clerk for every three physicians. Medical records clerks earn an average annual salary of $25,095. When we add in the benefits and the cost, we reach a cost of $38,300 dollars per clerk, per year. With electronic medical record system this direct cost can be eliminated or reduced to minimum.
myEliteHealth Online Membership Tools
The myEliteHealth patient portal includes the following:
eConsultations via online medical consultation system offers patients an alternative to visiting the doctor's office for routine and follow-up appointments. It allows physicians to free-up office time, inturn creating a hassle-free work day and work environment.
At the average cost of $30 per consultation, eConsults also represent tremendous potential for supplementary income. For example, if one physician provides 10 eConsultations per day at the cost of $30 each, the total revenue would equal $300. After deducting the support fee of $10 per eCounsultation, the physician's additional daily revenue would be $200.
eMedicalRecord system allows patients to manage their own personal health records by storing important health related documents like lab results, x-ray images, discharge reports, etc. in an online document management system. EliteHealth document manager also features vitals/lab result tracking, medical history management and a self-upload feature within the document manager.
Online Request an Rx Refill and Schedule an Office visit options provide convenience for patients, reduce overhead costs and enhance the overall efficiency of the medical practice.
"A primary care practice processes an average of 15 Rx refill and appointment requests per day. myEliteHealth diverges from the ordinary restricted providers by offering patients the online option to refill their medications or make appointments; and by supporting physicians with a 24/7 hotline to take the phone volume away from the office."
eMarketplace is an online store where patients can buy dietary supplements, medical supplies and preventive health products. With each item sold on EliteHealth eMarketplace, the physician will receive a 50% of the revenue made.
Monthly Access Fee
Physicians employing myEliteHealth charge their patients a monthly online access fee. Most myEliteHealth-affiliated practices set this price at $14.95 per month. The majority of the revenue is evidentially received by the practice, and EliteHealth only collects a support fee of $6.95 per patient regardless of the selected access fee.
For instance, a practice with 1000 members, charging its members a $14.95 online access fee would receive a total revenue of $14,950 per month. The EliteHealth support fee at $6.95 per member would sum up to $6,950, consequently providing the practice with a monthly profit of $8,000. Implement just Technology Solutions, and you will receive revenue from myEliteHealth membership fees, eConsultations and eMarketPlace. This additional estimated income can amount to $201,076 a year. (Please refer to table above).
EMR document manager (integrated EMR solution)
Implementing an Electronic Medical Record can be a challenge for any practice. EliteHealth simplifies the process by providing patients with the patient portal. EliteHealth also offers assistance in integrating Electronic Medical Record systems into the myEliteHealth patient portal. If your practice does not already have an Electronic Medical Record system in place EliteHealth is here to assist you. We have partnered with other industry leaders to offer solutions that meet the needs of both small and medium sized practices.
Why EliteHealth?
EliteHealth provides physicians with proven revenue generating solutions. We specialize in concierge practice conversion and online patient portals. Our tried and tested membership plans, along with myEliteHealth online tool, help physicians gain efficiency, save cost, increase revenue and provide better customer service. EliteHealth offers the highest level of support for medical practices.