This article about ChenMed on Forbes really caught my eye, because for a while now I’ve been wondering why no one has created a practice focusing on Medicare patients. All the big attention is generated for practices quitting the program, but while Medicare’s hassles and limitations get plenty of coverage, the spotlight is rarely trained on its advantages: speedy and predictable reimbursement.
ChenMed has identified a few key success factors, including location (they started in Virginia, which they identified as an area poorly served for Medicare patients), an emphasis on preventive care, and a custom, home-grown technology system.
They’re raising capital and looking to expand into other markets. We’ll be watching.
Read the story on Forbes.