1. It’s terrible for patients 2. It stresses the healthcare system in ways it shouldn’t 3. It’s cumbersome and wasteful to insurers and clinicians both
35million priorauths submitted to @MedicareGov #MedicareAdvantage in a year - assuming 5 min/each and $20/hour of staff time (underestimated since this is physician/RN/admin blended time) that’s $58million of just labor cost.
$58 million in labor cost alone of initial submission, not including the labor cost of denials/appeals and not including the cost of ED/hospital stays that… twitter.com/i/web/status/1…
@Ambcare_pharmer @sonodoc99 @TakeWeightOffMD Though admittedly the tiers are controlled by PBMs…another mafia middleman in healthcare…
Maintenance of Certification (#MOC):
When we (physicians) took our medical degrees, residency training, and commitment to lifelong learning & patient lives…and got duped into paying @ABMSCert millions of $$$ for the privilege (ahem, requirement) of taking time away from the… https://t.co/p3GapNdhkLtwitter.com/i/web/status/1…
Why does this matter?
1. It’s a financial racket, pure and simple. 87.9% of these boards’ revenue come from exam fees…exams which are functionally mandatory since insurances, hospitals and other employers of physicians require it to practice.
#ICYMI: Check out / sign this petition by @aarongoodman33 for @abimcert
Plus the podcast where they got millionaire ($1.2millionaire, to be exact) CEO of @abimcert @richardbaron17 to chat #MOC with @aarongoodman33 and @chadinabhan… https://t.co/MotDVheg6bchange.org/p/eliminate-ab… twitter.com/i/web/status/1…
Talking a little more about medical loss ratio (MLR), the ACA actually required that insurers keep to at least a 80% MLR, though there are liberal rules on what can quality as “medical loss” (aka paying for healthcare) beyond just paying for healthcare.
💰Short-term $ goals of #PE drive the long-term nature of caring for lives. Nothing like devolving a 70-year patient life into a 5-7 year $ projection geared towards the next sell off…
💰Highly leveraged PE ➡️ desperate $$$ decisions(⬇️ staffing, ⬇️access clinics, ⬇️quality/ availability of supplies and treatments)
💰10x more likely for bankruptcy of the healthcare entity
New generation of US #doctors show progress, by @aamc study on residents and fellows, 47% total female, #gensurg 46%, #radiology still only 27%, #emed 39%…
Based on the @StanfordMed graphic, we can assume why progress for gensurg but why not for Rads…
So what are #PBMs? Chances are, if your meds suddenly got changed by your insurer, or you’ve been waiting weeks on #priorauth for a med you need, or you pay $$$$$ for a drug in the US that is cheap overseas, you’ve already experienced a #PBM and didn’t even know… twitter.com/i/web/status/1…
That’s b/c #PBMs aren’t meant to be known, they’re meant to be a middleman in healthcare cutting in an extra layer of profit for them and an extra cost to you…wonder why #prescriptiondrug pricing makes no sense compared to prices in other countries? This is why.
Pharmacy Benefit Managers (PBMs) are third party entities paid by healthcare insurance companies to manage all things meds: the formulary (what is/isn’t covered), the price from manufacturer, and the cost (copay or “tier”) to the patient.
We have high c-sx rates, low prenatal care, high chronic disease rates in our mothers. Post-partum care is a single visit at 6 weeks. Working pregnant moms may opt to induce labor for the 'convenience' of optimizing their leave...
Speaking of leave, the US is the one of the ONLY industrialized countries to NOT have ANY paid parental leave. If that doesn't reveal value in a society, I don't know what does. Punchline: the value isn't in family. No wonder our divorce rates and rates of mental health and… twitter.com/i/web/status/1…