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Podcast Episode 129: Diagnosing the Broken Healthcare System with Dr. Paul Thomas

| March 05, 2019
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Episode Summary

This episode of the Sound Financial Bites Podcast tackles a topic that is central to our financial and physical wellbeing: healthcare. Paul Adams and Cory Shepherd welcome primary care physician Dr. Paul Thomas to discuss his practice, Plum Health, and the innovative strides he is making in the healthcare industry. Dr. Paul’s mission is to make healthcare accessible to those who cannot afford it and those who are fed up with the time, energy and money spent on traditional methods.

What Was Covered

  • 01:24 – Introducing today’s guest, Dr. Paul Thomas
  • 02:38 – Dr. Paul defines the term direct primary care
  • 03:18 – Concierge medicine
  • 04:59 – How Dr. Paul’s business model makes money
  • 06:39 – The huge markup on healthcare services
  • 09:49 – The amount of patients a typical primary care physician has
  • 11:26 – The pricing model that Dr. Paul utilizes
  • 13:32 – Dr. Paul talks about the incredible growth of his practice, Plum Health
  • 15:53 – Dr. Paul’s vision for the next five years of his practice
  • 19:25 – Cosmetic surgery and Lasik
  • 20:43 – Paul interrupts the podcast to provide the audience with a special offer
  • 21:52 – The distinction between health insurance and healthcare
  • 22:42 – Making healthcare accessible to those who cannot afford it
  • 24:49 – The high-income earning patients that Dr. Paul also serves
  • 26:28 – How Dr. Paul’s practice remains profitable
  • 29:45 – The value of primary care  
  • 34:04 – The convenience factor
  • 34:36 – Paul invites the audience to submit questions for Dr. Paul that he will answer in the next episode he joins
  • 35:58 – Cory thanks Dr. Paul for joining Sound Financial Bites


“I really want to make healthcare affordable and accessible for everyone. And, for me, that looks like removing those middle men that inflate the cost of care and delivering primary care services directly to my patients.”

“If you use your insurance to buy healthcare services it’s gonna increase those prices because you increase the middle man. You increase the people who are handling your money between you and your doctor.”

“I’m routinely spending thirty minutes to one hour with each of my patients who come through my door.”

“That’s what it’s all about. We’re about bringing healthcare to a community that has been underserved.”

“One of the biggest problems we have as a country is that ninety percent of the medicine that’s paid for in our country is paid for by somebody who is not the patient.”

“Health insurance is not healthcare. Healthcare, delivered by a primary care physician who actually cares about you, is excellent healthcare.”

“If you make greater than sixteen thousand dollars, you are disqualified from Medicaid services.”


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Dr. Paul Thomas Book - Direct Primary Care: The Cure for Our Broken Healthcare System

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