Business

Start Up Orchid Health Receives $5,000 — “Hybrid Direct Primary Care” in Oakridge, OR Raises $$$ Via Crowdfunding — $14,874 pledged of $25,830 goal

In the Concept Stage competition, OrchidHealth was voted first place by the audience and won a separate prize valued at more than $5,000 in cash and services. OrchidHealth, headquartered in Oakridge, is a hybrid Direct Primary Care model that achieves a triple aim: improved quality of care, improved health of populations, and reduced per capita cost.

In the Concept Stage competition, OrchidHealth was voted first place by the audience and won a separate prize valued at more than $5,000 in cash and services. OrchidHealth, headquartered in Oakridge, is a hybrid Direct Primary Care model that achieves a triple aim: improved quality of care, improved health of populations, and reduced per capita cost.

MAY 14, 2014 – Oakridge, OR. — Two entrepreneurs in their early twenties are disrupting America’s vastly inefficient healthcare system through a simple innovation in how people pay for and receive the healthcare that they need. Orchid Health founders Orion Falvey and Oliver Alexander spent the past year and a half working with Oregon’s top healthcare policy team, reaching out to numerous health clinics, and working with community members in Oakridge, Oregon (a town of 3,500 people where Orchid will open its initial clinic). They are now building awareness and have launched a crowdfunding campaign at www.startsomegood.com/orchid where people can support Orchid’s actions to create a healthier future.

Related: Funding a Direct-pay Medical Practice

Related: Finding Capital To Startup Your Direct Pay Clinic in a Tough Economy

Funding a Direct-pay Medical Practice

The Problem

At the backbone of our health care system is Primary Care, which includes preventative care, management of chronic health conditions, injury treatment, and numerous other essential healthcare services. The problem is that it is becoming increasingly common for individuals to lack access to these key healthcare services due to skyrocketing costs, a shortage of providers, and a current system that is overrun with insurance bureaucracy. As a result, we have a reactive healthcare system where we are all absorbing the cost of these inefficiencies.

The Solution

The Oakridge based clinic will be the first of Orchid Health’s membership clinics that will initially open in underserved rural communities across the US. For a flat monthly fee patients will have unlimited access to the Primary Care services provided at the clinic. By simply shifting the payer system and cutting out health insurance, Orchid has developed a model that, amidst the confusion and difficulties surrounding the Affordable Care Act, is a straightforward way for all people to receive quality and affordable healthcare.

Click here to watch Crowdfunding Video by Orchid Health

Click here to watch Crowdfunding Video by Orchid Health

The Orchid model, based on existing Retainer Based or Direct Primary Care practices, will provide patients with unlimited clinic visits for a flat monthly fee of around $50. By not contracting with insurance companies, the clinic will reduce administrative overhead by about 40%, making it financially feasible to spend more time with each patient while also allowing the clinic to accept Medicaid and Medicare patients. Additionally, this model will attract more providers (who are tired of spending more and more time dealing with billing and administrative issues) back to Primary
Care.

For more information regarding Orchid Health visit www.orchidhealth.org

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