March Edition 2021
The three partners of the company passionately started the firm VillageMD in 2013 to fundamentally change the trajectory of healthcare by leveraging a clinical model that would anchor around primary care physicians, giving them the tools and resources needed to fulfill their Hippocratic oath to care for patients to the best of their ability.
Today in the United States, close to $4T per year is invested on healthcare, and over 85% of that is tied to patients with chronic disease. Knowing there must be a better way to deliver consistent, coordinated and personal care to all patients at a lower cost, the firm started to partner with physicians to provide the tools, technology, operations, staffing support and industry relationships to deliver high-quality clinical care and better patient outcomes in both a fee for service and value-based care environment. In the early years of implementing the model at practices in Houston, the firm realized that the promise of coordinated, cost-effective care is infinitely achievable.
To persistently work on the vision, the firm has given prominence to diversify clinical experience, and made into healthcare leader community, and surround itself with top partners, advisors and investors.
The Village Medical brand provides primary care for patients at traditional free-standing clinics, Village Medical at Walgreens co-located clinics, as well as extended access via primary care in the home and virtual visits through a proprietary technology solution.
“Our passion continues, our ambitions are endless as we continue to transform healthcare.”
Patients will be treated in three ways:
Clinic: Here, patients will be benefited by 24/7 availability of physicians with continuous care and better outcomes within the clinic setting.
Online visit: Experienced providers will help patients get quality care with zero need of clinic visit. Patients will be assisted via web or an app.
Home: Patients can meet experienced physicians wherever they are comfortable- preferably their homes.
Care model that surrounds physician-patient relationship
Team-based: A high-impact, team-based approach supports VillageMD’s care delivery model. In its optimal model, it deploys a team of clinical experts led by physicians and supported by nurse practitioners, pharmacists, mental health specialists, and dietitians, who collectively address patient medical, mental health, and lifestyle needs to better manage patient health. The firm says, “We believe this team approach supports comprehensive and holistic care for patients.”
Physician-led: The hallmark of the company’s model keeps the physician-patient relationship at the center. It is rooted in a clinical model with the primary care physician as the quarterback. The voice of the physician is critical to the evolution and continuous improvement of its clinical care model.
Tech-enabled: VillageMD designed, built and scaled an operating system, docOS™, that enables better patient care. By connecting and deeply integrating over a thousand clinical source systems with ongoing patient-generated data, its AI engine continuously analyzes hundreds of millions of messages to truly enable patient self-care, better clinical decision making, and the best use of primary care modality whether virtual, in the clinic, or in the home.
Data-informed: Providers can rest assured knowing that its analytics center and data experts have a deep expertise in integrating clinical and claims data for a more complete picture of patient populations. Practices benefit from its expertise in machine learning, building predictive models, and developing thousands of algorithms that yield meaningful insights on their patient populations. VillageMD provides resources to help physicians identify the most important care needs through analytics and supports the practice while turning insights into action at the point of care.
VillageMD’s subsidiary, Village Medical, takes extra care of patients; providers and patients get round the clock access delivering favorable outcomes.
Village Medical is accessible near locations where patients and providers work and live. Offices have been developed looking at the comfort and convenience of the patients and providers.
Village Medical’s first full-service, primary care clinic opened at Walgreens, Houston, and since then they opened more. Village Medical at Walgreens assimilates the pharmacist as a crucial member of VillageMD’s physician-led, multi-disciplinary team.
Upsides of Village Medical Associate Physicians
VillageMD can aid both employed and affiliated physicians change the way they deliver across the system. VillageMD ties up with health systems to create strategies looking at the risk and shared savings contracts, while influencing narrow network payor contracts and direct employer relationships to simultaneously enhance market share.
The reason behind this strategy is improving the capabilities of the primary care networks and providing high-quality clinical and cost outcomes that can be accessed via VillageMD’s model.
A short background of the CEO and Co-Founder
Tim has spent his career creating and providing solutions to help providers bring a different level of care and support to their patients in a variety of experiences including running an IPA, a $3B Medicare Advantage plan, and a Population Health business. His favorite part about coming to work is spending time with the physician partners at the center of the model, and seeing where real healthcare change happens. Outside of work, you can often find Tim at one of his children’s events and enjoying time with his wife and kids.
“We deliver an exceptional patient experience, while lowering the total cost of care.”
“We wake up every day focused on how to make things better for our physician partners, who work in different settings, so our partnership structures come in different forms.”