69. Full Risk and the Transformation of Primary Care - The ChenMed Experience with Faisel Syed MD and Daniel McCarter MD

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In the dynamic landscape of healthcare, the payment method is a primary driver of both the patient and the physician experience. 

This episode takes us on a journey that explores the profound difference when operating within a payment system that prioritizes comprehensive care over transactional interactions.

Join Dike Drummond MD and two leaders in the ChenMed system, Dr. Faisel Syed, National Director of Primary Care, and Dr. Daniel McCarter, National Director of Primary Care Advancement, to know more about the transformation of your practice that can occur when you are in a full-risk, single-payor setting.

Fee-for-service model is where physicians are caught in a hamster wheel, constantly focused on addressing the patient's chief complaint within a limited time. The assembly-line nature of this system with multiple payors and insurers creates a production-driven, disease-care grind naturally and automatically and has transformed the physician-patient relationship into a transaction.

In contrast, ChenMed operates under a full-risk model. This allows physicians to focus on comprehensive care for medically complex and underserved populations. They prioritize long-term outcomes and patient well-being by taking full responsibility for the patient's total cost of care. This unlimited access ensures that physicians have the time and opportunity to develop meaningful relationships with their patients.

Listen for a detailed compare and contrast of FFS and Full Risk as it applies to both the patient and the physician experience.

Episode Highlights:

• Dr. Syed and Dr. McCarter’s journey to joining ChenMed
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• Fee-for-service vs full-risk model
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• Physician and patient mindset shifts
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• Drivers of waste in American healthcare delivery
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• Full-risk model statistics in the American population

Resources: ChenMed Website: https://www.chenmed.com/ Linkedin Company page: https://www.linkedin.com/company/chenmed/

Connect with Dr. Syed: Website: https://www.chenmed.com/blog/meet-doctor-faisel-syed-md Linkedin: https://www.linkedin.com/in/drfaiselsyed/

Connect with Dr. McCarter: Website: https://www.jencaremed.com/our-care-providers/daniel-mccarter-md Linkedin: https://www.linkedin.com/in/drdanmccarter/

Watch on Youtube: https://youtu.be/0HENmuEB3FQ

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