From Insurance To Cash: A Podiatrist’s Guide To Better Patient Care

23 Nov 2024 · 41 min
Out Of The System

23 Nov 2024 · 41 min

0:00

In this episode of the Practice Profit System podcast, host Matthew Gallogly interviews Dr. Steven Barrett, an Atlanta‑based podiatrist who recently left the traditional insurance‑reimbursement model for a direct‑pay, cash‑based practice. Dr. Barrett explains the gradual erosion of fee‑for‑service medicine, the tipping point that prompted his exit, and how his practice now operates with a simple fee‑for‑service structure where patients pay out‑of‑pocket or submit a super‑bill to their insurer. He describes patient reactions, noting that roughly 85% stayed with his partner who remained in insurance while 15% embraced the cash model. The conversation then shifts to Dr. Barrett’s clinical focus: peripheral nerve decompression surgery for diabetic peripheral neuropathy. He recounts the historical discovery by Dr. Lee Dellon that many neuropathic symptoms stem from compressive swelling of nerves, not irreversible metabolic damage. He outlines the physiological basis (nerve swelling, entrapment, impaired microcirculation), the evidence base (animal models, ultrasound studies, multiple peer‑reviewed trials), and clinical outcomes: ~90% pain reduction, 70‑75% restoration of protective sensation, and a drop in diabetic foot‑ulcer recurrence from ~40% to <5%. He discusses procedure logistics (≈1–1.25 h, $12,500 per leg, covered CPT codes but reimbursed at a fraction of cash price), the economics of cash versus insurance, and the broader financial burden of high deductibles and out‑of‑pocket costs for patients. Dr. Barrett also explains training pathways (Association of Extremity Nerve Surgeons courses, microsurgery training with Mayo, fellowships) and notes that only a few surgeons practice this technique cash‑only. The episode ends with resources (U.S. Neuropathy Centers website, Pod of Inquiry podcast) and a call to action for patients and clinicians to explore nerve decompression as a viable alternative to pharmacologic management.

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