ARTICLE DETAIL

Basics of concierge medicine

Posted by Health Entrepreneur 06/19/2016

The “American Academy of Private Physicians” stated that the concierge system was being practiced by only about 5,000 doctors, and the figure has risen gradually.On the contrary, physicians feel that they have lost power and that the payment system is mostly not within their control. They consider the system unfair and find this to be the case in most matters. Young doctors are therefore more liable to embrace these conversions. Nearly 17% of doctors below 45 years of age expressed their willingness to switch over to a new concierge/direct income system. Younger minds are open to these changes but the older ones are not too enthusiastic about the transition.

Concierge medicine services for diligent physician care:

The Concierge healthcare system evolved in Seattle in Washington during the 1990s. In this patient care system, the patients pay several hundreds of dollars for enhanced services. The typical services offered are extended physical examinations, instant appointments, home distribution of medicine, health care referrals, 24/7 physician access to telephone, pager and e-mail. The concierge care system is proposed to bestow “supreme value and maximum accessibility” of services to a niche clientele and selected set of patients. Although concierge care has an outstanding business prospect, it has fascinated only around 200 doctors countrywide. The approximate number of osteopathic doctors in concierge care is quite unpredictable.
 
The “American Academy of Private Physicians” stated that the concierge system was being practiced by only about 5,000 doctors, and the figure has risen gradually. The Physicians Foundation expressed that, in a survey of greater than 20,000 doctors, 20 percent or more claimed that they are at present practicing concierge medicine or have planned to practice it in future.
 
On the contrary, physicians feel that they have lost power and that the payment system is mostly not within their control. They consider the system unfair and find this to be the case in most matters. Young doctors are therefore more liable to embrace these conversions. Nearly 17% of doctors below 45 years of age expressed their willingness to switch over to a new concierge/direct income system. Younger minds are open to these changes but the older ones are not too enthusiastic about the transition. 
 

Please login to view full post.
 
 

Archives

November, 2017 (1)

Similar Articles

Advancement in Patient-Focused Oncology Benefit Management

Oncology Analytics Raises $21 Million Series B Financing Led by Oak HC/FT

Read More
Mergers and Acquisitions

Trends show that health care spends are approximately 18 percent of gross domest...

Read More
To the Moon in 42 Folds: Exponential Growth for Your Medtech Innovation

Scaling your business through aligning payers, patients and physicians

Read More
The Journey from Pay-for-service to Pay-for-performance

The revenue that is generated from practice is the lifeline through which other ...

Read More
Profit Vs Not for profit companies in healthcare – A comparative study

The United States is now faced by several formidable and overwhelming economic c...

Read More

SUBSCRIBE TO NEWSLETTER

Subscribe here for free updates/newsletter

Inspirational Stories

  • Interview with Shanthu Kere, CEO, Palisha

    This health entrepreneur shares his motivational story that started with a "vision" to bring around a change in Oncology care-delivery, culminating in successful acquisition of his company. The journey, however, was fraught with hurdles and uncertainties that he overcame by staying true to his Mission.

    View more
  • Interview with Dr. Nilesh Nangrani

    Learn from an inspiring journey of an accomplished physician entrepreneur. Here he shares his beginnings, his life and his Vision to provide affordable and quality care to everyone, irrespective for their location.

    View more