Reducing medical costs in your community
Fam Pract Manag. 2010 Nov-Dec;17(6):8.
I read your article “Strategies for Reducing Costs in Your Community: The Grand Junction Experience” [July/August 2010] with interest. I am a family physician in a town of about 60,000 people. I work in a community hospital that is two miles from a large university hospital. I love the idea of reducing medical costs. I use my own handheld computer to find generics. I am on the board of our community hospital IPA. Our IPA does not have the funds to do some of the things yours does, and we don't have one local health plan that works with the IPA and physicians to reduce costs. Is what you describe reproducible in most communities?
Consider forming a therapeutics committee, composed primarily of practicing primary care physicians, an emergency physician, an allergist, a hospitalist and a pharmacist, for your IPA. Gather data from your IPA as to what drugs are the major cost drivers for the IPA or for a specific health plan. Working with this committee and with this information, you should be able to identify some innovative ways your IPA can reduce unnecessary spending on drugs. Our IPA started out in this fashion, using volunteer committee members and thus not costing the IPA anything. If you can address the health care costs for one of your health plans, it will likely result in positive benefits for many of the health plans, since using generic drugs in place of expensive patented drugs represents cost savings for virtually every health care plan in your area. Simply sending lists of the top 10 drug costs to participating physician members of a health plan can be powerful information. Finally, you need to make the health plans aware of what you are doing to reduce overall health care costs and negotiate with them for financial support so that your IPA's efforts can be ongoing.
WE WANT TO HEAR FROM YOU
Send your comments to firstname.lastname@example.org. Submission of a letter will be construed as granting AAFP permission to publish the letter in any of its publications in any form. We cannot respond to all letters we receive. Those chosen for publication will be edited for length and style.
Copyright © 2010 by the American Academy of Family Physicians.
This content is owned by the AAFP. A person viewing it online may make one printout of the material and may use that printout only for his or her personal, non-commercial reference. This material may not otherwise be downloaded, copied, printed, stored, transmitted or reproduced in any medium, whether now known or later invented, except as authorized in writing by the AAFP. Contact email@example.com for copyright questions and/or permission requests.
Want to use this article elsewhere? Get Permissions
More in FPM
Related Topic Searches
MOST RECENT ISSUE
Access the latest issue
of FPM journal
Smoking cessation counseling and pharmacotherapy options are cost-effective ways to help patients quit smoking. Learn the role telehealth can play in your practice’s efforts, along with billing, coding, and documentation tips.
Understand the basics of risk adjustment and how it is used in value-based payment (VBP) arrangements. Learn strategies to thrive in VBP and risk-adjustment models to optimize payment while providing high-quality patient care.
Incorporating alcohol screening and brief intervention benefits your patients and family medicine practice. Follow these steps to reduce risky alcohol use by choosing a screening test, establishing a practice workflow, and appropriately coding and billing.