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Sunday, October 9, 2011

Skin in the Game

MediCARD1 a money making idea
Accountable Care Organization (ACO) is essential in the new electronic health care delivery models. Providers are assuming greater levels of financial risk for managing the care they provide to their covered populations. In this evolving environment providers must master a whole new set of competencies to remain competitive and successful. ACO is the name of the game in the electronic healthcare environment for the 21st century. Health care providers can reduce their legal liability by outsourcing their EMR to a company that is an accredited ACO.

However the Achilles heel of ACO is patient involvement. Some dismiss personal health care records (PHR) as viable to health information technologies (HIT) within an ACO. Without the consumer having a vested interest in a PHR the whole concept of an effective HIT is wishful thinking. In other words as a consumer how is this going to be a benefit for me? With private health insurance companies as well as Medicare there is no risk reward for the patient to even begin participate in the HIT process in any significant numbers. But if they where able to save $20 to $30 on monthly premiums the consumer would have some skin in the game. This would give them a vested interest in participating in the PHR side of HIT.

On the other side of the coin providers have no skin in the game when it comes to the PHR side of HIT. The only real reason that they are participating in HIT at all is because it is government mandated. Whereas this mandate stands for the provider there is no such mandate for the patient. In order to have providers incorporate any PHR within their already mandated government EMR’s they must be able to participate with some financial compensation for doing so. This puts some skin in the game for them. MediCARD1 has come up with a solution that addresses both issues and secures financial benefits for both the customer as well as the provider so both will have some skin in the game.

With the MediCARD1 systems ACO HIT services a private practice provider could potentially earn $5000 to $10,000/month extra income with their EMR while maintaining the highest ACO integrity. For health care facilities such as hospitals, rehabilitation centers, urgent care centers where the volume of patients is normally much higher than an individual practice the potential to earn as much as $10,000 to $500,000/month is well within the scope of that practice.

For those interested in finding out more about how to get into some of these earnings or for those wanting to invest in MediCARD1, Inc. email me at

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