This memorandum proposes the development of the Premier Card, a co-branded credit product launched in partnership with a major regional financial institution.
Consumer finance + medicine. What could possibly go wrong. Unless doctors get paid by the patient, none of this will work. This gets us closer, but I doubt it can scale. Plus, trust in doctors, for me, is at an ALL TIME low. "Prestige association with an academic health system"? Doubt it. I place the medical industrial complex and all politicians and MSM at the same level. BTW, whenever "industrial complex" gets added, it's the same as "embattled CEO" We know what happens next. Some of the individual doctors I see have earned my trust. I used to have blanket trust of doctors and CDC/FDA before COVID. BOY WAS I WRONG. Color me Jaded.
Seems like very few people wwould charge enough to pay for most of the rewards mentioned here. Has anyone runned the numbers? Also, the people who do spend enough, are they going to bother with accumulating points to pay for what they can buy if they want to?
lol I was on call last night, so this was a well timed piece of LMAO.
I think medical networks should just go into credit card business. Visa, MC, Amex…they’re doing well. So forget about just “membership”…..just go straight into being a creditor. Put your hospital bills, or any bills, on the network CC…and pay 21.99% annual interest whilst earning “health credits” you can use on “preventative care” rewards that are based on zero data. Esp well suited for the “frequent flyer” (in the sense of hospital parlance, and not in the sense of vacation enthusiast).
Some great ideas here on how to tap into what appeared to be an oversaturated wellness market. Our customers will be too smart to settle for primitive things like a watch that monitors vital signs and tells the user how many calories they have burned. We can offer a portable device that the user can run up and down their body and send the images to our MRI that will then send back a report generated by AI. Talk about early detection! Think of the savings. No more need to pay some radiologist to read the scan. A simple chip implanted under the skin can give continuous monitoring of vital blood levels such as nitric oxide and CRP. For an upgrade we can offer continuing up to the moment monitoring of glucose and insulin levels that can tell the user the exact moment they have slipped from normal into pre-diabetes. The possibilities are endless.
This is a tongue-in-cheek (I hope) proposal for health systems to separate patients from more of their money without providing any actual health benefit. In the case of overly aggressive screenings such as full body MRIs, they actually introduce risks and possible harms.
If only doctors knew about health and nutrition. How much do they "learn" in medical school that isn't directed by Big Pharma? This is just a way to get the "healthy" hooked into the system and make money off of them.
Please tell be that this was actually written by the Babylon Bee and isn't real! My favorite part: we are aware that some might object to this effort, as none of the rewarded wellness categories actually benefit people's health.
"As traditional clinical revenue channels become increasingly commoditized and payer-controlled, the Premier Card opens a structurally distinct avenue for long-term growth and consumer engagement..." I think I strained something.
Given that the purpose of this program would be to increase revenue streams for health systems, it seems that it might work. After all, the rich are always spending money on expensive athletic wear, cosmetic procedures, etc. Why not take advantage of that?
I see a few problems...
1. Full body MRI's that may lead to increased testing/operations that could wind up causing more harm than good. Having too much information that providers don't really know what to do with is not a good thing.
2. Since when do cosmetic procedures lead to better health? Again, that face lift, butt lift, or breast enhancement can cause more harm than good, such as complications from anesthesia, infection, etc.
3. Instead of looking for revenue streams, hospitals should be looking for ways to better serve their communities and stop being so wasteful. I have to wonder about the real financial health of hospitals. In my area there are 2 major hospital systems. They are constantly building new urgent care centers and mini-hospitals (whatever that means). Within a 1/2 hour drive I have 2 large hospitals (Level 1 Trauma Centers), another 4 smaller ones (that are part of the 2 large ones), there will be 2 mini-hospitals, plus multiple urgent care centers. Maybe instead of spending money on all that building, they should pay their staff higher wages and/or lower their costs to the consumer.
Consumer finance + medicine. What could possibly go wrong. Unless doctors get paid by the patient, none of this will work. This gets us closer, but I doubt it can scale. Plus, trust in doctors, for me, is at an ALL TIME low. "Prestige association with an academic health system"? Doubt it. I place the medical industrial complex and all politicians and MSM at the same level. BTW, whenever "industrial complex" gets added, it's the same as "embattled CEO" We know what happens next. Some of the individual doctors I see have earned my trust. I used to have blanket trust of doctors and CDC/FDA before COVID. BOY WAS I WRONG. Color me Jaded.
Seems like very few people wwould charge enough to pay for most of the rewards mentioned here. Has anyone runned the numbers? Also, the people who do spend enough, are they going to bother with accumulating points to pay for what they can buy if they want to?
lol I was on call last night, so this was a well timed piece of LMAO.
I think medical networks should just go into credit card business. Visa, MC, Amex…they’re doing well. So forget about just “membership”…..just go straight into being a creditor. Put your hospital bills, or any bills, on the network CC…and pay 21.99% annual interest whilst earning “health credits” you can use on “preventative care” rewards that are based on zero data. Esp well suited for the “frequent flyer” (in the sense of hospital parlance, and not in the sense of vacation enthusiast).
Some great ideas here on how to tap into what appeared to be an oversaturated wellness market. Our customers will be too smart to settle for primitive things like a watch that monitors vital signs and tells the user how many calories they have burned. We can offer a portable device that the user can run up and down their body and send the images to our MRI that will then send back a report generated by AI. Talk about early detection! Think of the savings. No more need to pay some radiologist to read the scan. A simple chip implanted under the skin can give continuous monitoring of vital blood levels such as nitric oxide and CRP. For an upgrade we can offer continuing up to the moment monitoring of glucose and insulin levels that can tell the user the exact moment they have slipped from normal into pre-diabetes. The possibilities are endless.
Sign me up…!
Seriously
Totally serious
🤭
Rewarding the right behaviors, but still financial manipulation.
Rewards alter behavior. Dog and bone. And they’re patient. They will take it slow. Money speaks so loudly that people can’t hear the warnings.
When I was young, doctors still said LOSE WEIGHT! WALK! STOP SMOKING! EAT BETTER FOOD!
Now they say, You can’t help it. Take this pill and come back in 2 months
And who is collecting the conventional 27% annual interest on card balances? Redacted health system? Disgusting
This sounds a lot like the Vitality Rewards program offered by a major life insurance company. https://www.johnhancock.com/life-insurance/vitality/vitality-program.html
This is a tongue-in-cheek (I hope) proposal for health systems to separate patients from more of their money without providing any actual health benefit. In the case of overly aggressive screenings such as full body MRIs, they actually introduce risks and possible harms.
Nicely done!
"Subscription costs for a small number of pre-approved wellness-oriented Substacks"
If only doctors knew about health and nutrition. How much do they "learn" in medical school that isn't directed by Big Pharma? This is just a way to get the "healthy" hooked into the system and make money off of them.
Dr. Oz
"Our internal, confidential response is that these are products that consumers have decided to purchase without REDACTED Health System’s input."
Wow. Is this another parody?
Please tell be that this was actually written by the Babylon Bee and isn't real! My favorite part: we are aware that some might object to this effort, as none of the rewarded wellness categories actually benefit people's health.
"As traditional clinical revenue channels become increasingly commoditized and payer-controlled, the Premier Card opens a structurally distinct avenue for long-term growth and consumer engagement..." I think I strained something.
Given that the purpose of this program would be to increase revenue streams for health systems, it seems that it might work. After all, the rich are always spending money on expensive athletic wear, cosmetic procedures, etc. Why not take advantage of that?
I see a few problems...
1. Full body MRI's that may lead to increased testing/operations that could wind up causing more harm than good. Having too much information that providers don't really know what to do with is not a good thing.
2. Since when do cosmetic procedures lead to better health? Again, that face lift, butt lift, or breast enhancement can cause more harm than good, such as complications from anesthesia, infection, etc.
3. Instead of looking for revenue streams, hospitals should be looking for ways to better serve their communities and stop being so wasteful. I have to wonder about the real financial health of hospitals. In my area there are 2 major hospital systems. They are constantly building new urgent care centers and mini-hospitals (whatever that means). Within a 1/2 hour drive I have 2 large hospitals (Level 1 Trauma Centers), another 4 smaller ones (that are part of the 2 large ones), there will be 2 mini-hospitals, plus multiple urgent care centers. Maybe instead of spending money on all that building, they should pay their staff higher wages and/or lower their costs to the consumer.
Don't forget the new cancer screening tests that are out! Their results aren't stellar