MDVIP Membership Medicine Model Significantly Cuts Diabetes Care Costs
BOCA RATON, Fla., June 2, 2020 /PRNewswire/ — New research from MDVIP shows that the personalized preventive care of the MDVIP model can significantly decrease healthcare costs in the diabetic population over time. The investigators examined the payer effects of MDVIP on Medicare expenditures and utilization among diabetic beneficiaries. The peer-reviewed study entitled “Payer Effects of Personalized Preventive Care for Patients with Diabetes” was published in The American Journal of Managed Care.
The researchers compared Medicare claims for diabetic patients enrolled in MDVIP with non-MDVIP diabetic patients in the same market from 2005 through 2014. A final analytic sample of 157,210 beneficiary-year observations from 30,727 beneficiaries was utilized, and patients were studied for three years prior and five years post-enrollment in the MDVIP primary care program.
According to the American Diabetes Association, diabetes has become the most expensive chronic disease in the U.S., costing approximately $327 billion per year. People with diagnosed diabetes incur average medical expenditures of $16,752 per year, of which about $9,601 is attributed to diabetes.
The study found that the MDVIP model substantially decreases costs in the diabetic population by year five of enrollment in the preventive care program. After the first post-enrollment year, the mean costs continue to rise for the comparison population, while flattening for MDVIP beneficiaries. The study found decreased unplanned hospital admissions, emergency room visits and outpatient expenditures. At year five, MDVIP patients have statistically significant lower Medicare expenditures. These patients also showed increases in primary care office visits, as their physicians spend more time coaching and monitoring their progress.
“More than 30 million Americans have diabetes, and these patients spend double the amount of money compared to those not living with the disease,” said author Dr. Andrea Klemes, MDVIP’s Chief Medical Officer. “Our research clearly reveals that diabetic patients who enroll in a personalized primary care practice like MDVIP can significantly cut health costs and reduce unplanned hospital visits. The model supports a strong doctor-patient partnership and continuous physician coaching that is crucial to managing chronic disease. As the pre-diabetic and diabetic populations continue to grow, it is critical that the medical community help alleviate the financial burden for both the consumer and healthcare system at large.”
Based in Boca Raton, Florida, MDVIP leads the market in membership-based healthcare that goes far beyond concierge medicine services. With a national network of over 1,000 primary care physicians serving more than 330,000 patients, MDVIP is at the forefront of consumer-directed care. MDVIP-affiliated physicians limit the size of their practices, which affords them the time needed to provide patients with more individualized service and attention, including an annual, comprehensive preventive care program and customized wellness plan. Published research shows that the MDVIP primary care model identifies more patients at risk for cardiovascular disease, delivers more preventive health services, and saves the healthcare system millions of dollars through reduced hospitalizations and readmissions. In response to the growing consumer demand for a more personalized healthcare experience, hospital systems are incorporating the MDVIP model into their primary care offering. For more information, visit www.mdvip.com. Follow MDVIP on Facebook, Twitter and LinkedIn.