Host Pete Moore had a sit-down at the Health & Fitness Association 2024 trade show in Los Angeles with Cyrus Massoumi, the visionary founder behind Dr. B, a revolutionary telemedicine platform. Pete chats with Cyrus about his journey from founding Zocdoc to his passionate pursuit of affordable, how the name came about, remote healthcare solutions through Dr. B, and more. They also discuss how COVID has transformed medical interactions and highlight the critical role of exercise in managing medical conditions.

Massoumi offers insightful perspectives on utilizing FSA and HSA dollars for fitness expenses and shares how Dr. B's partnerships with fitness brands are making healthcare more accessible. You'll learn about the importance of letters of medical necessity, the compliance landscape of telehealth, innovative ways to maximize healthcare benefits, and how this can complement your fitness journey. Massoumi is driving a holistic approach to wellness and pushing the boundaries of healthcare, ensuring it meets the needs of both insured and uninsured individuals.

He states, "Our goal is not just to offer letters of medical necessity to fitness club members, but also to be health care partners for all of these gyms and fitness studios that are interested in making that leap and understanding what that looks like, and how do you do it in a responsible way and make sure that you can really make people's lives better more holistically."

Key themes discussed

• Starting and growing Zocdoc.
• Enable health account payment method for members.
• Regulations needed to curb destructive conduct from other bad actors in this space.
• Health savings accounts rising due to high deductibles.
• Initial misunderstanding, now promoting HSA and FSA.
• Be disciplined, use resources, make an impact.

A few key takeaways: 

1. Dr. B, founded by Cyrus Massoumi, is a telemedicine platform focused on providing affordable and accessible healthcare, particularly for COVID-19 patients and the uninsured. It emphasizes remote care, making healthcare services more reachable during and beyond the pandemic.

2. Massoumi highlights the crucial role of exercise in preventing and managing medical conditions. The opportunity to use Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) for fitness-related expenses is underlined, promoting healthier living through financial incentives.

3. Dr. B positions itself to make healthcare more accessible through the issuance of letters of medical necessity for FSA and HSA use. This allows members to use pretax dollars for medical expenses, reducing the overall cost burden and encouraging preventative care.

4. The company has seen immediate demand from the fitness industry and focuses on collaborating with fitness brands of all sizes. This partnership is designed to promote holistic health by integrating medical necessity letters into fitness services, which can be redeemed using FSA and HSA funds.

Click here to download transcript. 

Resources: 

• Cyrus Massoumi: https://www.linkedin.com/in/cyrus-massoumi-58330b 
• Dr. B: https://www.hidrb.com 
• Zocdoc: https://www.zocdoc.com 
• Prospect Wizard: http://www.theprospectwizard.com
• Promotion Vault: http://www.promotionvault.com
• HigherDose: http://www.higherdose.com 

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