ECONOMICS OF PREVENTION: HOW TO HELP OTHERS AND HELP YOURSELF AT NO COST TO YOU

How can you indirectly help the front lines and stimulate the economy in your community, state, and country…and maybe even save your life in the process, all without actually costing you anything at all?

The answer? Get a physical!

Believe it or not, a yearly physical is one of the best ways to ensure long-term health and potentially stave off future illnesses or harmful diseases. An annual physical not only enables your doctor to regularly assess vital health stats, but it also arms you with the tools and knowledge you need to live a healthier life.

The best part is most insurance plans completely cover these annual wellness visits. Typically, these yearly physical exams are performed at no cost to you, not even a co-pay is required!

Economic Benefits of Primary Care Medicine

That’s because prevention is the best intervention for chronic illness and disease, and can even save the economy money in the long run. Essentially, insurance companies provide this service at no cost because it helps reduce long-term spending commonly associated with costly chronic conditions.

In fact, preventative medicine like health screenings for conditions such as diabetes, hypertension, and breast cancer as well as immunizations and counseling on tobacco use
have all been shown to be cost-effective preventative care solutions.

What’s more, a busy primary care office plays an enormous role in stimulating the local community. In 2018 in Arizona alone, physicians helped support 198, 921 jobs across the state and helped generate $33.5 billion in economic activity. Primary care physicians, in particular, are the first point of care and the initial catalyst for these positive economic effects, yet generally, they do not receive funding like big hospitals do.

Impact of Preventative Exams

All in all, preventative care services help more than just patients. Annual physical exams touch hundreds of people, and indirectly help to stimulate your local community. For every preventive exam performed, here is a list of everyone who is employed as a result or who benefits from these services in one way or another:

  • Real estate professionals
  • Building maintenance and cleaning crew
  • Front office receptionists
  • Healthcare workers, such as primary care physicians, nurses, phlebotomists, physician assistants, medical assistants, and referral coordinators
  • Medical billers and medical office managers (who not only run an office but who also work with billers and insurance companies to try to find patients the best treatment costs)
  • Healthtech and biotech companies
  • Medical IT support staff and telecommunications companies
  • Gastroenterologists and their healthcare workers and support staff
  • Radiologists (who perform preventative screenings like mammograms, bone density scans, etc.)
  • Laboratory technicians
  • Biohazard companies
  • Pharmaceutical professionals and vaccine companies
  • Banks
  • Local restaurants and shops (healthcare workers need to eat, which, in turn, stimulates local restaurants and shops)

Additionally, solo or group practices outside of the non-profit hospital system pay their own share of taxes, which further benefits the state and federal economies. Yet, even with all the benefits primary care medicine creates, the harsh reality is that primary care physicians, in the first three to five years following residency, will have expenses that greatly exceed earnings. This financial disadvantage deters many from pursuing a career in primary care over other more lucrative fields of medicine. However, most primary care professionals are not incentivized by money, but merely by the satisfaction of helping others!

Ultimately, “expenses” from primary care services actually create jobs, help support communities (both at the local and national levels) and, most importantly, help stimulate the healthcare system so that today’s heroes can better serve you and your health needs.

How You Can Help

It’s time to do your part — get a physical! By doing so, you’ll help support front line workers, potentially save lives, prevent chronic disease, and help protect yourself!
Show yourself and your community some love by scheduling a comprehensive, total-body physical at Prevene®.

Why Prevene®?

We take pride in providing a truly unique and advanced physical experience that encompasses everything from a physical assessment to point of care testing, a 3-D body composition scan, wellness coaching, and motivational support to help you be as healthy as can be!

Just like traditional physicals, Prevene’s® upgraded exams are covered by most insurance companies, meaning no out-of-pocket expenses or additional co-pay for patients. But, unlike traditional doctor’s offices, we don’t cater to sick or urgent care patients, so you won’t have to worry about catching any germs during your visit.

To see what we’re all about, stop by our modern, inviting office in Scottsdale where we welcome all patients, established or not!

 

1. “Cost savings and cost-effectiveness of clinical preventive care.” WalkBoston, Sep. 2009
www.walkboston.org/sites/default/files/Cost%20savings%20and%20cost-effectiveness%20of%20clinical%20preventive%20care.pdf . Accessed 16 May 2020.

2. “Physicians bring economic health to our nation’s communities.” American Medical Association, 2018
https://www.physicianseconomicimpact.org/ . Accessed 14 May 2020.

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    Introduction
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