Out Of The System

23 Nov 2024 · 41 min

0:00

In this episode of the Practice Profit System podcast, host Matt Gillogly interviews Dr. Steven Barrett, a podiatrist who left the traditional insurance-based model for a cash/fee‑for‑service practice. Barrett recounts his journey away from insurance, describing the escalating administrative burdens and a tipping point when an insurer demanded repayment for alleged overpayments. He explains how his practice now operates on a direct‑pay model, with most patients staying despite the shift and a small percentage opting for cash care. The conversation pivots to Barrett’s clinical focus: peripheral nerve decompression surgery for diabetic peripheral neuropathy. He outlines the historical discovery by Dr. Lee Dellon that nerve compression—not irreversible metabolic damage—is a major driver of pain and ulcer recurrence, and how decompression restores sensation in 70‑75% of cases and reduces pain in about 90% of patients. He discusses the economic impact of ulcer recurrence, the physiological basis (nerve swelling, microcirculation, pressure‑induced vasodilation), and the dramatic reduction in ulcer recurrence from ~40% to <5% when protective sensation is restored. Barrett shares pricing ($12,500 per leg), procedure logistics (≈1‑1.25 h), patient selection criteria, and the rapid postoperative pain relief. He also addresses the broader resistance from insurers and some specialists, the growing community of surgeons trained through the Association of Extremity Nerve Surgeons and Mayo microsurgery courses, and the fact that most peers still operate under insurance. The episode ends with Barrett promoting his clinic (usneuropathycenters.com) and podcast (podofinquiry.com) as resources for patients and clinicians.

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