House calls making a comeback?

House-Calls-Logo.gifDespite the drag that America’s highly-regulated health care finance system places on the delivery of medical services, glimmers of entrepreneurial hope still shine through occasionally:

A new kind of medical practice is flourishing nationwide that offers to go to where the patients are ó whether a home, an office or a hotel ó to treat ailments as diverse as a sprained ankle or a bad case of bronchitis. Some services may even wheel in a mobile X-ray machine or an ultrasound machine, depending on the ailment, or perhaps pull out kits to test for strep throat or to draw blood. They may dole out medication on the spot or arrange for pharmacies to deliver prescriptions.
ìWhen you call, you can speak to a doctor in five minutes, and that doctor can be there with you within the hour. Where else do you get that kind of delivery?î said Walter Krause, founder of Inn-House Doctor. The company says it has 40 physicians on call in Boston, Chicago, Dallas, Houston, Las Vegas, Phoenix, Philadelphia and Washington; some of the doctors are in private practice or work in hospitals, and they make house calls during their time off.
The convenience comes at a price. Appointment fees can range from $250 to $450, with additional tests and medication extra. And payment is due at the time of the appointment.

The website for the service is here. Critics will contend that this service amounts to house calls for the rich, but it is nevertheless a good example of how medical service markets will respond to patients controlling the funds that they are willing to spend on medical services. Frankly, my bet is that that this type of service would already be available at a much lower cost but for the fact that most patients have been insulated from the true cost of medical services and the expenditure of their health care dollars for decades now.

The Troubles of Sean Jones

Former Houston Oilers defensive end and local sports radio celebrity Sean Jones appears to be in a heap of trouble.

On Monday, the Securities and Exchange Commission charged Jones with failing to turn over the records from his defunct “investment advisory” business.

Jones apparently told the SEC that he had discontinued the advisory business in 2004, but the business continued to maintain a Web site until mid-2007 promoting its “wealth management” programs and the fact that the company was “subject to periodic SEC examinations.”

Uh, the current SEC examination is not what I think Jones had in mind.

In June of this year, Jones and four others were indicted on charges of mortgage fraud in U.S. District Court in Houston.

According to the indictment, the defendants conspired to obtain home loans based on inflated property values on behalf of unqualified buyers, then diverted some of the loan proceeds to themselves. Between 1999 and 2001, the prosecution charged Jones and his co-defendants with 12 counts of bank fraud, each of which carries a possible prison sentence of up to 30 years imprisonment and a possible fine of up to $1 million.

Jones’ trial on the criminal charges is currently scheduled for May 12, 2008 before U.S. District Judge Ewing Werlein.

Jones is represented by Tom Hagemann and Marla Poirot of Gardere Wynne’s Houston office.

Sputnik and The Shadow of the Moon

sputnik.gifThis fine John Noble Wilford/NY Times article on the 50th anniversary of the Soviet Union’s launching of the Sputnik sattelite is a timely prompt to pass along the trailer for Ron Howard’s widely-anticpated documentary In the Shadow of the Moon, which opened last week in Houston at the Angelika and the Greenway theaters.