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Concierge Medicine
refers to those primary care and family practice physicians who
have chosen to provide healthcare services in a more convenient,
accessible and cost efficient manner to their patients. These physicians
charge patients a membership fee ranging from $600 to $1,800/year
and higher. In exchange for this fee, concierge practices generally
include 24/7 access to a personal physicians' cell phone, same-day
appointments with no waiting, personal coordination of care with
specialists, personal follow up when admitted to a hospital or ER,
house calls, and more.
While a typical
physician can carry a patient load of 2,500+ patients, a concierge
physician generally limits their practice to between 300-600 patients
or more. Concierge medicine is also referred to as: membership medicine;
boutique medicine; retainer-based medicine; concierge health care;
cash only practice; direct care; and direct practice medicine. While
all concierge medicine practices share similarities, they vary widely
in their structure, payment requirements, and form of operation.
In particular, they differ in the level of service provided and
the amount of the fee charged. There are an estimated 5,000 concierge,
or membership medicine doctors throughout the U.S., according to
SIMPD.
Patient
Procurement STARTING,
GROWING OR SELLING YOUR
CONCIERGE MEDICINE PRACTICE...
A
number of challenges face physicians who currently maintain or
are transitioning their practices to a concierge medicine model.
Meeting set patient participation thresholds is a tremendous challenge
for most physicians. The concept of concierge medicine is not
yet commonly known or understood by most people.
The
concierge medicine legal and regulatory landscape can change from
one month to the next. If you are starting a concierge medicine
practice...you should really check in here for more information.