Hybrid Concierge Medicine

Posted by on Nov 26, 2020

For clinicians and patients, the perfect option.

By now, most of us have learned of Concierge Medicine. In the last few years the growth in concierge medicine has been explosive… anything like 500 practices in 2005 to 5000 currently in service throughout the United States. There are also TV programs that allude to the most intense medical care concierge services.You may want to check out HealthSmart M.D. – Boca Raton Concierge Medicine for more.

Doctors: primary care and internal doctors in particular, because of poor payment rates from health providers, have to over-expand themselves to lengthy hours and large patient numbers. Just to cover their running expenses, they have to cram in more and more patients every day.

Patients: Search for a safer choice than asking for an appointment for weeks waiting room hours, and hasty appointments until they actually get in to see the specialist.

All these concerns are addressed by Concierge Medication.

Traditional Concierge Medicine is a forum that fits a formula like this: Doctor X has 2,500-10,000 patients and needs to switch to a concierge clinic that provides a limited amount of… 600 or so patients with VIP care. The doctor spends $1,500 per patient per year and the patient gets preferential access to the provider for that annual cost.

If the move is effective, the doctor already has an immediate income source of $200,000-$600,000 a year. This is one of the key parameters of the move to a complete medical concierge practice: the doctor sends a letter to their patients that simply means ” Either stay with me and pay the yearly fee or leave”

Patients who want to quit the concierge program are now required to locate another doctor and put it mildly… they are not pleased with the scenario.

Right now, there is also a Hybrid Concierge Medicine model, which is on the rise and with good cause. It is the same model as the conventional model of concierge treatment, but the doctor may not have to switch down their existing patients who may not opt-in to the concierge service for desired entry. When working with a concierge management group too, they may not have to give up control of their work. They’re not losing control. They simply give their patient base a preferred access choice. They maintain the extra opt-in income for patients and all patients who may not opt-in also have the same amount of access they had previous to the program’s launch. In-house or outsourced to professional groups who can do it with them, letters, contracts, procedures like servicing, charging, collecting, packing, promotion, coordination, etc will be done. The advantage for doctors is more leisure, more money, and fewer patient volume reliance.

The benefits of opting-in patients is shorter scheduling times… typically the same or next business day no queues at the doctor’s offices, minimal documentation, consolidated medical reports, and preferred connections to national networks of experts through just a handful of these concierge facilities, and also worldwide access to elite doctors. Those patients who do not join in the provision of preferential access always have the same doctor’s access as before.