I’ve seen the economics and risk factors of these below.
We are in the allergy testing because this has the lowest 360 degree risk profile for nice revenues and no capex upfront. Family Practitioners and Internists will see value from these.
In order of value;
- Hormonal screens and treatment
- Sleep labs
- Allergy skin testing / treatment
- Cardio pulmonary testing
- ABI Testing
- Toxicology screening
- Pulmonary Function Testing
- Physical Medicine / PT and NCVs
- Telehealth
- Balance Testing and treatment
- Blood panels for drug compliance
- Psychological screening
- incontinence testing ( Internists )
- Skin test for environmental sensitivity
- Blood/ saliva labs
- Brain injury screening
- Ocular/diabetes screening
- Pharmacy services
- Bone Density Scans ( ObG)
There are four more with more questionable return on investment
Five serious risks with adding any of these, so the model is critical:
- Chargebacks
- Licensure
- Operational
- Clinical / medical risks
- Financial / capital risk
The greatest risk—doing nothing.
The models
- Do it yourself ( high operational / chargeback /licensure/capital risk)
- Hire am outside agency to consult ( Medium operational risk/ clinical risk
- Rent to an outside agency( lowest of all risks)
- Rent to a specialist ( no risk)
