Page 7 - SFHN0219pagesFinalCF.qxp_Page layout
P. 7

No Downside to VITAL SYSTEM

                        Sales Medical Device


                 BY LOIS THOMSON             ance companies pay for the test – they
                                             want it to be administered because it can
          Is there a downside to the medical   save them money in the long run.
        device offered by VITAL SYSTEM Sales?   The training needed to utilize the
        The answer seems to be a definite "no."   machine is minimal. The company sends
        The device performs 37 non-invasive   out two technicians with the machine,
        tests that are able to help patients who   along with a computer and a printer – all
        are at a high risk of having a stroke, or   for free. The technicians train the doctor,
        who have issues that they may not know   although the test is mostly managed by
        about – such as diabetes, hypertension,   nurses or assistants. They teach them
        vascular abnormalities, disturbances   everything from A-to-Z, and the testers
        with the digestive system, or others –   can start to use it right away. The tester
        that could be critical if not discovered   gets the report, and if there's an issue, the
        and taken care of as soon as possible.   doctor can step in and prescribe what to
          That is one of the most important   do, such as go to a specialist. The doctor
        things about the device – it really does   also supplies a copy of the test to the
        work and it helps patients find out about   patient for free – either by printout or by
        problems they didn't know they had.   email – so the patient can have it with
        Most people go to a doctor because they   him and show the results to the special-
        have one particular issue, but the doctor   ist.
        doesn't test them for anything else    The whole procedure of installing and
        because they aren't aware that other   training takes less than an hour, and it is
        things might be a problem. And the pro-  considered to be very easy because the
        cedure is fast. The test can be adminis-  computer actually tells you what to do.
        tered in 15 minutes, and the doctor can   In addition, the machine is portable, so if
        then receive the results in 15 minutes. So   a patient can't come to the office for
        if something is wrong, the physician can   some reason, the doctor can send a nurse
        tell the patient, "Listen, you may be   to the patient's home to administer the
        about to have a stroke, you better go to   test right there.
        see a specialist." The patient doesn't have   A final benefit is that when doctors
        to come back a day or two later, or wait a   receive the machine, they have no obliga-
        week for a lab to send the results.   tion to keep it; they do not have to sign a
          The device works by having a practi-  lease or purchase agreement. If for any
        tioner attach a connector on one finger   reason the doctor isn't happy, the compa-
        and another on an arm, and two connec-  ny takes back the machine with no finan-
        tors on the bottom of the feet. All are   cial penalty to the doctor.
        then connected to the computer, and the   So what about a downside? Apparently
        computer reads what's going on through   there isn't any, as it's a positive thing in
        the electric currency in the body. The   both the health world and the financial
        concept is remarkable in the way it   world. Doctors sometimes struggle to
        works.                               make their work benefit them financially.
          However, perhaps the most intriguing   They go to college for a number of years
        point is that VITAL SYSTEM Sales is pre-  to earn their degree, and then they may
        senting this medical device to doctors at   open a clinic or work for another doctor,   “ You can’t separate the clinical
        no charge. The company is offering it at   and they're limited in what they can do.
        no out-of-pocket expense, so doctors can   This is a way for doctors to make money,   and the fi nancial – not anymore.”
        utilize it to both help patients and   but most importantly, to help people –
        increase their own source of revenue for   because the testing could point out seri-               People who know Healthcare, know BDO.
        their practice. The machine costs    ous problems.
        $150,000, but the company gives it to   It's a win-win-win situation for doc-
        doctors, who then pay the company a   tors, patients, and insurance companies.
        fee-for-service of $250 for each time they
        test a patient. The doctor collects the               For more information,
        money from the insurance companies             visit www.vitalsystemsales.com.
        and can keep the difference. All insur-

                        E-mail Your Editorial Submissions to

                     editorial@southfloridahospitalnews.com






                                                                                     The BDO Center for Healthcare Excellence & Innovation
                                                                                     As the healthcare industry enters an era of unprecedented transformation, anticipating and
                                                                                     understanding the future state model of healthcare is more important than ever. From advising on
                                                                                     complex joint ventures, to M&A services, to healthcare redesign, BDO’s multidisciplinary teams help
                                                                                     organizations plan for and implement the fi nancial and clinical changes needed to transform their
                                                                                     institutions — and thrive in the years to come.
                                                                                     Alfredo Cepero, Managing Partner, acepero@bdo.com
                                                                                     Angelo Pirozzi, Partner, apirozzi@bdo.com
                                                                                     BDO USA, LLP, 100 SE 2nd St. Suite 1700 Miami, FL 33131 / 305-381-8000

                                                                                        @BDOHealth     www.bdo.com/blogs/healthcare
                                                                                     Accountants  |  Advisors  |  Doctors
                                                                                     www.bdo.com/healthcare
                                                                                     © 2018 BDO USA, LLP. All rights reserved.





        South Florida Hospital News                                                              southfloridahospitalnews.com                                                         February 2019                            7
   2   3   4   5   6   7   8   9   10   11   12