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Can better behavior generate revenue for your entrepreneurial medical practice or business?

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The entrepreneurial challenge for physicians of making money helping patients change their health habits

I have long been a proponent of health behavior change as being a cornerstone of reducing health costs (along with eliminating waste and redundancy in the system!).

But it is a bit like trying to sell "green" in business.

Until very recently, it didn't seem that there was much profit in building a business that focused on creating "green" products and services. That all seems to have changed now - "green" is hip and hot and in --- and apparently profitable!

So what about health behavior change and disease prevention?

In an article today from HealthLeaders Media, called "The Other 'Behavioral Medicine'", author Scott MacStravic discusses the Big Four:

The four biggest behavioral problems in the population seem to be:

  • dietary habits
  • exercise/activity habits
  • stress/time management habits
  • self-care/management habits

If any one of these four sets of habits can be transformed from risks to benefits, the effects on the incidence and prevalence of disease could be dramatic. And for employers, the effects of such transformation are likely to be far more valuable than managing any single disease or injury.

So where do physicians, with their training and knowledge of health and disease, fit into this picture of transforming the habits from risks to benefits?

If, as the author argues:

Physicians tend to be the most expensive source for any proactive health role that is needed, commanding double or more what nurses require in compensation, for example. And since few are educated or trained as coaches, it is usually more practical to rely on nurses, nutritionists, fitness trainers, behavior change counselors, etc., than on physicians for most elements of the behavioral medicine intervention.

......then physicians who are passionate about health behavior change need to think carefully about their roles.

Physicians are highly credible and influential in the eyes of most patients, and can command the respect needed to alter patients' behavior. How then can they leverage that respect?

As a physician in practice, can you organize, supervise and promote a small team of health educators (nurses, dietitians, trained health coaches) to create a "wellness" service that offers anything from low priced workbooks, to medium-priced self-coaching programs with monthly "check-in" calls, to individualized one-to-one counseling and coaching packages? What would your business model and business plan for this service line look like?

How about developing an online and telephone coaching service delivered by lower-priced personnel that you personally train and oversee? You could think of ways to "productize" your knowledge and power of persuasion and sell that in the form of information products (e-books, workbooks with audio recordings, daily or weekly email tips, newsletters, video clips for visual impact).

I believe that the burgeoning healthcare costs and impending crisis will force healthcare providers and health insurers to re-evaluate how much emphasis should be placed on rewarding those physicians who choose to play an active role in promoting health behavior.

If health behavior change is your area of interest, get prepared with your unique message and your service line or products, in order to take advantage of the "Healthy Habit" wave once it hits. I suspect it will be a tsunami, when we as a society and business community finally get that investing in wellness pays.

Just look at the greenies we once snickered at!

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Comments (4)

Submitted by Vreni Gurd on Sat, 06/30/2007 - 6:29pm.

Hi Philippa,

I think doctors can play a pivotal role in a wellness practice, as they are the only ones that can order the necessary tests that would help a wellness practitioner such as myself. I would love to align myself with a doctor who would order tests such as fasting blood sugar, fasting insulin, ferritin, Vitamin D, secretory IgA testing and other mucosal barrier tests, food sensitivity testing either through blood or skin prick, saliva circadian rhythm hormonal testing for cortisol, DHEA, T4 and T3 and the sex hormones to see if they are out of balance, heavy metal, mould, parasite and fungus testing etc.

Then as a wellness practitioner, by juggling diet, exercise, sleep, and providing coaching on reducing stress, etc. a lot can be done to help the patient rebalance what is wrong without drugs. Occasionally we would need help from the physician to prescribe, for example, pregnenalone, the precursor to the steriod hormones to support the body if the patient is in grade 3 adrenal exhaustion, for example.

The doctor would then be practicing functional medicine, which actually works extremely well at getting to the root cause of disease. I believe that in time, more doctors will practice this kind of medicine because it is so effective. And by aligning with and referring patients to Holistic Lifestyle Consultants like myself who have the knowledge and the time to spend with the patient as that is how our businesses are structured, the doctors would also be providing the credibility needed to help motivate the patients to make the necessary lifestyle changes. HLCs can provide the support and the knowledge for the patient, so all in all it is a win win for all involved.

Any functional medicine doctors in the Vancouver BC area that want to align with me???? I suppose for nutrition and lifestyle coaching even phone consultations can work, so location is not much of an issue. Personalized exercise would be more challenging long distance, but maybe through video ... Just thinking out loud ... Maybe it could work! :)

 

Vreni Gurd

Health and Vitality Coach
BPHE, CHEK 3, HLC 2
www.wellnesstips.ca

Submitted by Philippa Kennealy on Mon, 07/02/2007 - 12:07pm.

 Lots of good stuff for readers to chew on Vreni! I hope you find your ideal working partnership with an open-minded, like-minded doctor.PhilippaPhilippa Kennealy MD, MPH, CPCCPresident, The Entrepreneurial MD 

Submitted by Philippa Kennealy on Mon, 07/02/2007 - 12:07pm.

 Lots of good stuff for readers to chew on Vreni! I hope you find your ideal working partnership with an open-minded, like-minded doctor.PhilippaPhilippa Kennealy MD, MPH, CPCCPresident, The Entrepreneurial MD 

Submitted by Philippa Kennealy on Mon, 07/02/2007 - 12:09pm.

 Lots of good stuff for readers to chew on Vreni! I hope you find your ideal working partnership with an open-minded, like-minded doctor.PhilippaPhilippa Kennealy MD, MPH, CPCCPresident, The Entrepreneurial MD 

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