• Flu Shots “The Financial Health” Of A Medical Practice

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    Doctors saving lives or just saving lives to make money out of the people.

    by Catherine J. Frompovich

    What would readers think if I provided an admission in writing from a medical doctor as to a reason why the medical profession should consider administering flu vaccines?

    What would readers think if one of three reasons for doctors giving flu shots is “the financial health” of a medical practice?

    One MD, who also is a speaker for Merck, Novartis, Pfizer, and Sanofi-Pasteur – all vaccine makers, says,

    Giving influenza vaccine is also good for the financial health of your practice.

    That candid remark, made in writing, came from Richard Lander, MD, and was published in the article “Influenza vaccination makes sense for everyone” on Healio Pediatrics webpage about Infectious Diseases in Children.

    Readers will note that the article was published in January of 2013, plus there could be added financial rewards a year later due to vaccine price and medical service fees increases.

    Guess how much the vaccine administration fee is? According to Dr. Lander, it should range from $14 to $30.

    Dr. Lander uses a hypothetical patient base of 2,000 and explains who may or may not receive the flu vaccine. He contends bottom line and revenue results are $14,000 to $30,000 from only 1,000 patients receiving the flu shot. However, Dr. Lander throws in a financial wild card regarding 100 patients, who called to get a flu shot and then end up scheduling a well visit. According to Lander, a doctor “should be generating an additional $10,000. Bottom line: $25,000 to $42,500, which is not bad!”

    Source

    michael

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