January 2024

US Healthcare Expenditures

Because of the long wait lists for specialised care and procedures in Canada, a number of Canadians are exploring options for care in the US.

 

Patients who require a hip or knee replacement are in pain and limited in their mobility and are not willing to wait 2 to 3 years or longer for their procedure.

 

The US healthcare industry has a lot of capacity to deliver services almost immediately and mostly with high levels of quality.


Of course a factor in whether this option is available to the patient is ability to pay. And even for those able to pay, understanding the issue of costing of US health services is very complex.

 

It is helpful to have an advisor available who has dealt with US health systems and understands the complexities of buying US health services.

 

RCM Health has almost 30 years of experience in assisting patients in purchasing US healthcare and providing advice about costs, and having that advice makes a difference.

Case Study

Coronary Arteries

Jim was the CEO of a construction company in Northern Alberta. He was 43 years of age. He developed an abnormal heart rhythm. He was investigated with a cardiac echocardiogram. This showed his right ventricle to be markedly enlarged.

 

The doctors assumed that Jim had Arrhythmogenic right ventricular dysplasia / cardiomyopathy (ARVD/C) which is a rare familial disorder that may cause ventricular tachycardia and sudden cardiac death. Jim was not able to access specialised cardiac investigations in his Northern Community. Jim was a concierge care customer at a private healthcare clinic but the clinic was not able to investigate his condition.

 

Jim retained RCM Health to assist in determining what options were available to him for further investigation and care. A noted cardiac surgeon at a major US University medical centre had assisted RCM Health in the past. He referred Jim to a very experienced cardiologist at the same medical centre. Jim was fully investigated. He was found to have a patent foramen ovale. This is a hole between the atria or upper chambers of the heart. This leak was causing the enlargement of the right ventricle.

 

The cardiologist offered to close the opening with a small device without operating.

RCM Health asked the finance department for a case rate. We got a quote of $215,000 for the procedure. RCM knew the procedure costs $15,000. The hospital asked for a deposit of $215,000 to proceed.

 

We discovered that the hospital priced the $15,000 procedure and had included the cost of $200,000 for possible complications. We learned that if there were no complications, that the $200,000 would be returned to Jim. This required a discussion with the CFO at the medical centre and we confirmed this in writing. Jim had no complications and had the $200,000 returned after the procedure.

Summary

The costing of US care is complex. There are multiple price levels for different types of patients or buyers.

 

It is important to dig into the details before committing to the care, documenting the understanding in writing before receiving the care and understanding the terms of payment.

 

RCM Health has years of experience in assisting our patients when seeking care in the US or elsewhere. 

To Start The Conversation

To learn more about RCM services:


647-350-5500


info@rcmhealth.ca


Raymond Rupert  

CEO  

RCM Health Consultancy Inc.

www.rcmhealth.ca 

www.quest-executive.com

www.rcm808.com