A chain of medical clinics that specialize in treating older patients, often with low incomes and multiple chronic health conditions, is coming to five locations across the Triad.
ChenMed confirmed Monday that it plans to open in Greensboro, Winston-Salem, High Point, and Burlington, as well as Charlotte and Fayetteville. ChenMed takes part in the Medicare Advantage program, with Medicare paying a fixed amount each month for patients enrolled in Medicare Advantage Plans....
The company makes money by holding down costs, largely through avoiding costly hospitalizations and emergency-room visits, E.W. Tibbs, the company's regional vice president for dedicated medical centers in the Carolinas and Georgia, explained in a telephone interview with the Triad Business Journal. By seeing fewer patients but seeing them more often, ChenMed helps avoid costly hospitalizations and emergency-room visits. Its caregivers can see a patient 40 to 50 times for the cost of one emergency-room visit, Tibbs said.
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