par8o insights on patient referrals: it (currently)takes an army
TRANSCRIPT
2011 Confidential | 2
About
par8ois named after the Italian economist, Vilfredo Paretowho first defined the concept of a “Pareto Efficiency” in which a system is able to maximize resource utilization for each and every participant.
par8oseeks to introduce Pareto efficiency to the healthcare industry, improving patient choice and access to healthcare while lowering costs.
2011 Confidential | 3
par8o surveyed 200 physicians…
You won’t believe what they had to say
about patient referrals…
2011 Confidential | 4
par8o, Inc.Thank You
2011 Confidential | 5
Medicine Is a Hectic Business
49% of physicians surveyed see more than 100 patients each week
and only 14% see fewer than 50
Q4. On average, how many patients do you see per week?
2%
12%
37%
30%
19%
25 Or Fewer Patients Per Week
26 to 50 51 to 100 101 to 150 151+
Patients Per Week
Notes:
Par8o survey, Dec 2011
N = 94 PCPs, 101 Specialists
2011 Confidential | 6
Referrals Are the Business
96% of physicians see at least one referred patient each week and
30% see 41 or more referred patients each week
Q5. On average, how many of your patients per week are referrals from other physicians?
4%
12%
14%
17%
15%
7%
13%
17%
0 Referrals Per Week
1 to 5 6 to 10 11 to 20 21 to 30 31 to 40 41 to 50 51+
Referrals Per Week
Notes:
Par8o survey, Dec 2011
N = 94 PCPs, 101 Specialists
2011 Confidential | 7
par8o, Inc.Thank You
2011 Confidential | 8
Small Office, Big Staff
72% of physicians surveyed work in practices with 20 or fewer physicians, but 70% work in
practices with at least 6 staff members – practices might be small to mid-sized, but staff
sizes are medium to large
4%
26% 25%
45%
1 Staff Member 2 to 5 6 to 10 11+
Admin Staff Size
Q1: How many physicians are in your medical practice? (Including you)
Q3. How many non-medical/administrative staff people are employed in your practice?
28%
21%23%
19%
9%
1 to 5 MDs 6 to 10 11 to 20 21 to 100 101+
Practice Size
Notes:
Par8o survey, Dec 2011
N = 94 PCPs, 101 Specialists
2011 Confidential | 9
Every Office Requires a Big Staff
Very few practices are able to make it with just one staff member – even among the smallest
practices, only 7% employ just one administrative person
7% 7%
44% 39%
20%5%
39%
15%
27%
24%
6%
9%
39%53%
70%
94%
1 to 5 MDs 6 to 10 11 to 20 21 to 100 101+
11+
6 to 10
2 to 5
1 Staff Member
Admin Staff Size
Notes:
Par8o survey, Dec 2011
N = 94 PCPs, 101 SpecialistsQ1: How many physicians are in your medical practice? (Including you)
Q3. How many non-medical/administrative staff people are employed in your practice?
2011 Confidential | 10
More Staff Than Doctors
About half of small and mid-sized offices have more staff than physicians
Notes:
Par8o survey, Dec 2011
N = 94 PCPs, 101 SpecialistsQ1: How many physicians are in your medical practice? (Including you)
Q3. How many non-medical/administrative staff people are employed in your practice?
1-5
PHYSICIAN
OFFICES
6-10
PHYSICIAN
OFFICES
11-20
PHYSICIAN
OFFICES
48%
employ a
staff of 6 or
more
55%
employ a
staff of 6 or
more
53%
employ a
staff of 11
or more
2011 Confidential | 11
par8o, Inc.Thank You
2011 Confidential | 12
Specialties Are Built on Referrals
All specialists surveyed see at least one referred patient each week and 44% see 41 or more
referrals in a week, while 49% of PCPs see fewer than 10 referred patients each week
9%
21%19%
17%
13%
4%
12%
5%
0%
3%
9%
18% 18%
9%
15%
29%
0 Referrals per Week
1 to 5 6 to 10 11 to 20 21 to 30 31 to 40 41 to 50 51+
PCPs Specialists
Referrals Per Week
Q5. On average, how many of your patients per week are referrals from other physicians?
Notes:
Par8o survey, Dec 2011
N = 94 PCPs, 101 Specialists
2011 Confidential | 13
Specialties Require Manpower
More referrals mean more staffing needs – 49% of specialists work in practices with 11 or
more staff members and none of the specialists surveyed work in practices with just one
administrative employee
7%
26% 26%
41%
0%
27%25%
49%
1 Staff Member 2 to 5 6 to 10 11+
PCPs Specialists
Admin Staff Size
Q1: How many physicians are in your medical practice? (Including you)
Q3. How many non-medical/administrative staff people are employed in your practice?
Notes:
Par8o survey, Dec 2011
N = 94 PCPs, 101 Specialists
2011 Confidential | 14
par8o, Inc.Thank You
2011 Confidential | 15
Fewest Referrals in the South
In the South, 77% of PCPs see 10 or fewer referrals each week, while in the East,
only 29% of PCPs see 10 or fewer
14%5%
20%10%
15%
11%
43%
6%
77%
27%
60%
20%
43%
33%
29%
29%
12%
36%
10%
38%
24%
30%
15%
17%
12%
18%
10%
15%
5%
36%
10%
39%
18%29%
PCP Specialist PCP Specialist PCP Specialist PCP Specialist
51+
31 to 50
11 to 30
1 to 10
0 Referrals per Week
Referrals Per Week
Q5. On average, how many of your patients per week are referrals from other physicians?
East Midwest South West
Notes:
Par8o survey, Dec 2011
N = 94 PCPs, 101 Specialists
In the South, where 57% of practices see 10 or fewer referred patients each week,
offices are smallest, with 46% of practices employing only 2 to 5 administrative staff
2011 Confidential | 16
Few Referrals, Small Staff in the South
Q3. How many non-medical/administrative staff people are employed in your practice?
52% of offices in
the West employ
11+ staff
members(70% of PCPs,
43% of specialists)
46% of Southern
offices employ 2-5
staff members(53% of PCPs,
36% of specialists)
46% of Eastern
offices employ
11+ staff members(43% of PCPs,
48% of specialists)
38% of Midwestern
offices employ 6-10 staff
members(38% of PCPs,
39% of specialists)
Notes:
Par8o survey, Dec 2011
N = 94 PCPs, 101 Specialists
2011 Confidential | 17
par8o, Inc.Thank You
Small Office, Big StaffThe amount of support staff required to run a physician
practice is a sign of the extreme inefficiencies in the
healthcare marketplace
Par8o will change that
The first step is Referrals. Reinvented.