Healthcare and Profits: Conflict of Interest? Jennifer Sipe, MSN, RN, CRNP-BC Carolyn Plump, Esq. April 15, 2015.

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Presentation transcript:

Healthcare and Profits: Conflict of Interest? Jennifer Sipe, MSN, RN, CRNP-BC Carolyn Plump, Esq. April 15, 2015

Medical Practice Environment 1.Physician Work Dissatisfaction Administrative burdens o Insurance burdens o Compliance with HIPAA o Implementation of ICD-10 Loss of control over practice environment

Medical Practice Environment 2. Loss of Revenue Declining reimbursements ACA impact on physician practice o Shift to value based care o New plans often have higher copays & deductibles o Claim denials o Increased operational costs (IT)

1. Concierge Medicine

Why?

2. RETAIL SALES

3. NUTRITIONAL SUBSTANCES

P. Galewitz Concierge Medicine Firm Found Liable for Doctor’s Negligence. Kaiser Health News (Feb. 12, 2015) J. George Montco firm installs vending machines in doctors’ offices. The Philadelphia Business Journal (Dec. 6, 2006). R. Handley Ethical Considerations Of Pharmaceutical Sales In The Primary Care Arena. The Internet Journal of Academic Physician Assistants. Vol. 7 No. 1 (2008). R. Portman & K. Romanow Concierge Medicine: Legal Issues, Ethical Dilemmas, and Policy Challenges. Journal of Health & Law Sciences Law. Vol. 1, No. 3 (April 2008). M. Sandel, What Money Can’t Buy: The Moral Limits of Markets. Farrar, Straus and Giroux, New York (2012). SOURCES