Episode 9: Being a True Fiduciary with Mark Watson and Kent Thomas (Part 2)

00:00 Intro00:45 Mark Watson and Kent Thomas01:47 In last week’s episode04:48 Now for more with our guests05:00 Plan design is SO important! Learn how to design your plan from the bottom up06:16 In what other part of our economy would we conduct our affairs this way…NOWHERE!08:06 You’re not in control until you know where the dollars are going09:00 Lots of plans are including DPC as an option but they’re paying double09:08 Primary care physicians can perform 85% of what patients need10:30 In DPC, a fixed, capitated cost is mutually agreed upon11:50 Do I have $10 today?12:39 That medical home becomes the “healthcare hub”13:00 Professional oversight is weaved in13:43 Can DPC show a natural reduction in the prescribing of opioids?16:00 Primary care oversight helps protect employees18:32 Local governments filing class action lawsuits19:42 If you don’t know where your dollars are going you can’t manage it21:15 I want to know why the costs are coming in the way they are12:32 Transparent pricing model, with audit rights, etc.23:05 We have an embedded pharmacist in our plan to provide consulting on costs24:28 DPC is incentivized to provide healthcare on behalf of the employer, who pays them28:45 “keys to the kingdom” you have to understand where the money is going and you have to get consistency in consumer behavior30:09 What is next?31:08 RBP, when implemented and managed correctly, puts employers in the driver’s seat31:36 Hospitals have purchased entry practices to “feed” the rest of the system32:36 So many hospitals were founded as non-profit, public entities…but today what have they become?33:56 RBP gives you license to start asking “do I really need a PPO network”?35:26 PPO networks…do we need them anymore?36:30 RBP loves rural hospitals so long as they have high quality37:46 Medicare is the “reasonable profit” benchmark38:56 Local Governments should hear this message39:17 Thank you!! #letsfixhealthcare www.custombenefits.work