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Self-funded Health Plans

On this episode of Midtown Business Radio I featured two Atlanta area companies that help business from a couple of directions. John Mamon, CEO of mPoweredIT, came by to talk about their outsourced IT solution. He introduced us to Brian Keen, President/CEO of Health Cooperative Strategies.

mPowered IT is an IT support services provider focused on delivering the entire IT value chain to small and medium medical practices and businesses. Offerings include fixed fee IT support, cloud services, backup and disaster recovery, and managed network security.

John shared how he came to starting his service company that enables medical practices and small to mid-sized businesses focus on their core functions rather than spending unproductive time trying to maintain and manage their IT hardware, software, and infrastructure.

We talked about the fact that for most small- to mid-sized businesses it makes sense to outsource the IT management function in order to maximize reliability of vital IT elements, their security, and compliance, while at the same time, spending less than would be required if they were to hire a skilled expert themselves.

Brian talked about how Health Cooperative Strategies collaborates with associations, chambers of commerce, and other large groups such as GPO’s to create self-funded health plans. In this way, these organizations are able to offer large-group-type health plans that in some cases, equals the benefits and member expense as a 10,000+ employee company.

We talked about how, before the ACA, health plans were able to offer discounted rates to organizations such as these for insuring large, mostly-healthy groups for inclusion in the plan. The recent level of implementation of the ACA changed that, making it impossible for companies participating in exchanges to offer such a discounted, minimal-risk group plan.

Health Cooperative Strategies fills that void. They are able to work with these organizations who seek to provide such benefits to help them create a self-funded plan and/or to combine with other similar groups to forge an even-larger group that helps them offer outstanding benefits for a comparatively low rate.

Special Guests

John Mamon, CEO/Founder, mPoweredIT

Associates Degree, Information Technology, Bryant and Stratton College

Previous VP, Professional Services, BMC Solutions

Former Executive VP, CDI Managed Services

Top Docs Radio

Health IT and Accelerating Innovation - Top Docs Radio

00:00 / 01:02:23

Health IT and Accelerating Innovation

This week I sat down with experts from the healthcare IT sector. John Mamon is the CEO of mPoweredIT, an outsourced IT company that devotes expertise to the small to mid-sized medical practice, helping them manage their computer hardware, infrastructure, and software needs for far less than it typically costs to employ someone dedicated to these functions within the practice.

John talked about how often, in an effort to save money, small practices place responsibility for managing these facets on a practice manager, a clinician within the office, or even the doctors themselves. Clearly this can take away from the core function of the office—taking care of more patients.

He shared a number of important concerns that can expose these offices to risk such as HIPAA requirements, downtime of equipment, ACA compliance, and others. Each of these can create significant cost or loss of productivity when small offices attempt to handle things on their own.

mPoweredIT is able to scale their services to the needs of the practice, providing the full suite of IT management or taking over particular elements on behalf of the practice. The company also partners with several other health experts who can provide additional support in areas such as billing/revenue cycle management, EMR selection, and others, to allow their clients to maximize productivity and profitability at the same time.

John introduced us to Harvey Shuster, of Emergence, a Georgia Medical Accelerator. Harvey, a multiple-time entrepreneur, was one of the founders of Peachtree Software among others. He and his team work with emerging healthcare technology companies, helping them to commercialize and bring to market their devices/technologies more quickly.

Harvey brought along Osama Hashmi, CEO/Founder of VitaminC. This company adds an additional layer of automation and engagement to EMR systems. Their software allows providers to contact patients and encourage follow-up visits where appropriate to facilitate care/outcomes while at the same time helping the practice to maximize its potential for seeing patients in need.

VitaminC integrates well with numerous EMR systems and has proven valuable to primary care doctors and specialists such as dermatologists, plastic surgeons, and others.

Special Guests:

John Mamon, CEO/Founder, mPoweredIT