BusinessNews

Primary Care Physicians – Why Wellpoint Wants to Pay You More

1 Mins read

 

 

primary care physician pay wellpoint jill hummel vice president payment innovationPrimary Care Physician Pay – you ready for a raise?

WellPoint recently launched a major new initiative to increase reimbursement for primary care physicians who keep patients healthier and lower costs. The insurer is investing $1 billion to increase doctors’ fees by about 10 percent and pay them for services that currently aren’t covered.

Here is a link to their Wall Street Journal article announcing the new program.

Recent Jill Hummel, their Vice President of “Payment Innovation” sat down with a reporter from the website FierceHealthPayor to answer the question “WHY”?

Here are highlights of the interview. The full interview is here.

===========

FierceHealthPayer: What motivated WellPoint to make such a large investment in primary care?

“… we want to drive improvements in health status and affordability through a patient-centered primary care model, we need to improve primary care access and effectiveness.”

FHP: How does Wellpoint intend to improve access and effectiveness? 

Our program is designed to do that in a number of ways. First and foremost, we do that by helping to make primary care a specialty that is rewarding, both financially and professionally.

Financially rewarding because we appropriately compensate primary care physicians for the service and value they deliver to our members.

Professionally rewarding because we give primary care physicians more tools to be the kind of physicians they went to medical school to become.

This includes payment for important clinical services that occur outside of a traditional office visit, meaningful and actionable information that helps them identify and manage their high-risk or chronic patients, and education and clinical support for the care planning they do with those patients.”

As a Family Practice Doctor I welcome the spirit in which this is offered
and time will tell how long this “Innovation” lasts and whether it
provides Wellpoint and their insured patients with the benefits they are seeking.
Stay tuned.

AND please leave a comment below and tell us what you think about this pay raise AND the strings attached.

 

Related posts
BusinessHospital Administration

Attracting New Patients to Your Medical Practice

3 Mins read
Whether you’ve just opened your medical clinic or you’ve been in business for years, trying to persuade individuals to entrust you with…
BusinessFinance

Top Money-Saving Tips for Medical Laboratories

3 Mins read
Even with funding sources like loans, government grants, and donations, managing a laboratory isn’t cheap. From finding an ideal commercial property and…
Covid-19News

Emergency Supply Donor Group (ESDG) Responds To LA Hospital PPE Shortages

4 Mins read
The Emergency Supply Donor Group (ESDG) is a philanthropic initiative created by three LA-area entrepreneurs in response to the COVID-19 pandemic.  The…