THE FUTURE OF HEALTHCARE IS IN CONCIERGE MEDICINE

THE FUTURE OF HEALTHCARE IS IN CONCIERGE MEDICINE

Concierge medicine is a private form of practice where doctors charge patients an out-of-pocket retainer fee for full access to their services.

Patient loads typically decrease when a physician switches from more traditional fee-per-service practice to concierge medicine. The main attraction is really one of control. A lot of physicians today feel somewhat powerless in their practice. They’ve gone through years of school, they feel like their fees are controlled by third parties,” said Phil Miller, a spokesman for Merritt Hawkins. “They feel they are being judged on things that are subjective, and may not feel fair
It’s a network where the doctors do everything from teaching healthy eating courses to grocery shopping with patients. Doctors also go on walks with their patients and work with them extensively on things like hypertension and diabetes wellness plans.

Conclude-
The future of healthcare is more toward customized and customer oriented as time is going on this pace which is clearly focus on servuction model is implemented to make comparatively egg from others.

Some stats-
Physicians in traditional practices can have between 2,500 and 4,000 patients. MDVIP physicians are capped at 600.

An annual membership in MDVIP ranges from $137 to $150 a month.

The MDVIP model offers some of concierge medicine’s positives. The minimum appointment time is 30 minutes, compared to the average seven to eight minutes at a traditional practice. It also guarantees same or next-day appointments.

By Jagrit Bhargava
roll no P15075

Concierge medicine is a medical management structure that has been in existence since the 1990s. Essentially, a typical concierge medical practice limits its number of patients and provides highly personalized attention that includes comprehensive annual physicals, same-day appointments, preventive and wellness care, and fast, 24/7 response time. Concierge medicine has become popular among both physicians and patients/consumers who are frustrated by the limitations imposed by managed care organizations. From many physicians’ perspectives, concierge medicine offers greater autonomy, the opportunity to return to a more manageable patient load, and the chance to improve their incomes that have declined because of increasingly lowered reimbursements for their services. From many patients’/consumers’ perspectives, concierge medicine provides more immediate, convenient, and caring access to their primary care physicians and, regardless of their physician’s annual retainer fee, the elimination of third-party insurance coverage costs and hassles. The major criticisms of the concierge medicine model come from some health care policy makers and experts, who believe that concierge medicine is elitist and its widespread implementation will increase the shortage of primary care physicians, which is already projected to become worse because of the Affordable Care Act’s individual mandate, which requires everyone to have health insurance.Utilizing these topics as its framework, this article explains why concierge medicine’s form of medical management is gaining ground, cites its advantages and disadvantages for stakeholders, and examines some of the issues that will affect its growth.

Concierge healthcare requires a patient to pay a lump sum every year to the doctor in addition to the costs of the actual care. What the patient gets in exchange is ready access to the doctor. The service would be something like the old fashioned family doctor. He knows your history, your chart and may allocate more time to your individual visit.
People who can pay more will get better service but not necessarily better healthcare.

The recent advancements in medical technology and preventative medicine alone would take hours to adequately explain to a patient. Needless to say, accomplishing this feat is essentially impossible.
As a solution to this problem, an increasing number of physicians are turning to something known as “concierge medicine,” or “boutique medicine.” Under this system, patients are required to pay a yearly fee to the physician above and beyond the cost of their healthcare, which can range from $1,000 to $20,000. In return for this fee, they are granted a much higher level of access to their physician than one would expect. Doctors who participate in concierge medicine spend an hour with their patients on visits. They give out their personal cell phone numbers to be reached at all times. Many make house calls at no additional fee. Physicians guarantee that if you are sick and need to be seen, you can do so within 2 hours. Those long waits in the doctor’s office? Gone. Concierge physicians guarantee no wait in the waiting room. This means it may have a future in coming time.

Concierge medicine is a private form of practice where doctors charge patients an out-of-pocket retainer fee for full access to their services. One of the main upsides to concierge practice is the decrease in patients, coupled with an increase in pay.
Obamacare plans and other insurance policies cover things concierge medicine memberships won’t pay for, but the upfront difference in cost is attractive to a growing number of consumers.
It’s a network where the doctors do everything from teaching healthy eating courses to grocery shopping with patients. Doctors also go on walks with their patients and work with them extensively on things like hypertension and diabetes wellness plans.

Proponents of concierge medicine insist that more time with each patient allows them to provide holistic care that can prevent diseases such as diabetes that are major drivers of health-care costs in America and keep people out of hospital emergency rooms. Garrison Bliss, co-founder of Qliance, a low-cost concierge medicine company based in Seattle, estimates that if everybody in the nation went to one of his doctors, the country would save $268 billion annually. In 2010, Qliance says, its clients visited emergency rooms 65 percent less than similar patients. Thirty-five percent fewer of them needed to be hospitalized. They required 66 percent fewer specialist visits.

-----Akshat Jhalani
-----P15061

Concierge medicine (also known as retainer medicine) is a relationship between a patient and a primary care physician in which the patient pays an annual fee or retainer. This may or may not be in addition to other charges.
One of the main upsides to concierge practice is the decrease in patients, coupled with an increase in pay.
The future of healthcare is more toward customized and customer oriented as time is going on this pace which is clearly focus on servuction model is implemented to make comparatively egg from others.
Physicians guarantee that if you are sick and need to be seen, you can do so within 2 hours. Those long waits in the doctor’s office? Gone. Concierge physicians guarantee no wait in the waiting room. This means it may have a future in coming time.

Concierge medicine has become popular among both physicians and patients/consumers who are frustrated by the limitations imposed by managed care organizations. From many physicians’ perspectives, concierge medicine offers greater autonomy, the opportunity to return to a more manageable patient load, and the chance to improve their incomes that have declined because of increasingly lowered reimbursements for their services.

--Yogesh Khatri
--P15056

The emergence of a small but increasing number of physicians choosing to provide a nontraditional high-end, or luxury, style of healthcare known as concierge care—also often called boutique medicine or retainer practice—is raising important medical, ethical, and legal question.Concierge care is typically based on fundamental concepts of quality and personalized care, a reduced patient base that ensures greater access to service, and enhanced continuity of individual care.
Although some of the early concierge services were targeted at the wealthy, nowadays the annual fee amounts to roughly $4-5 per day — the cost of a daily latte at Starbucks. This is within the means of many middle class familie

Concierge Medicine will get Massive Boost. The shortage of physicians caused by the implementation of the Affordable Care Act in the next five years will drive a massive increase in the popularity of Concierge Medicine. Five years from now, If you want to have a personal physician see you for all your healthcare needs, you will need to pay for the privilege. One popular way to do this is “concierge medicine” where you pay a monthly or annual premium directly to your doctor and, in return, they become your own personal physician, taking direct responsibility for your healthcare needs. The good news is that concierge medicine is no longer a privilege of the rich. Premiums are becoming much more affordable.

Concierge medicine is a private form of practice where doctors charge patients an out-of-pocket retainer fee for full access to their services. Patient loads typically decrease when a physician switches from more traditional fee-per-service practice to concierge medicine.
Talking about the women, existing lifestyles, elevating stress levels and environmental depletion are all factors that are contributing to the percentage of health conditions in women to rise. Preventative and elective healthcare leaves a lot to be desired in public healthcare alone, it is the time to adopt concierge medicine to fill this gap. Public health covers the aspect of ‘sick-care’ and of course manages the arbitrary gap that exists within the system. It is actually the time to ride the new wave of concierge medicine to address all the requirements of today’s women – be it assessment, preventative or aesthetic. In this day and age where time is becoming a rare commodity, the medical concierge system may well encourage today’s women to keep up with their doctors’ visit and get targeted attention and adapted care.

- Nimisha Kothari (P15031)

Essentially, a typical concierge medical practice limits its number of patients and provides highly personalized attention that includes comprehensive annual physicals, same-day appointments, preventive and wellness care, and fast, 24/7 response time. Concierge corporate strategy is into managing requirements of corporate business houses at any given time. They are a dedicatedly team who willingly happy to provide solutions and services within set time frame.
Features:
Accessible 24*7
English and multilingual
Phone,web and email options available
Global network of preferred providers.

Concierge meaning: mid 16th century (denoting the warden of a house, castle, prison, or palace): French, probably bases on Latin conservus ‘fellow slave

This is the defination of concierge I found on Google which means to be with someone 24x7.

The concept of concierge medicine can prove to be a revolution in hospital industry as it will change the way people used to see this industry which is basic service industry.

A doctor who will be in constant contact with the customer will know better about his lifestyle, food habits etc which will not only help in better treatment of the customer but also will help in prevention of any medical mishap.

As the inclusion of service provider here is more into the life of customer and the service is directly related to customer's own health the zone of tolerance is quite low and expections are quiet high. Customers will not be willing to compromise on their health at any cost.
So Even the high price will not be a problem for customers because its going to save customers from future costs and will give benefits which are priceless.

No doubt the concept of concierge medicine is the future of this industry.

Kurt Mosley was speaking to a group of physicians when the subject of concierge medicine came up. He asked one of the doctors what they charge their patients for this type of guaranteed care.

The doctor told him $157.50 a month.

Mosley thought that was kind of arbitrary. Why the extra 50 cents?

“How did you arrive at that number?” Mosley asked.

“Well, that’s how much you would spend on a pack of cigarettes a day. I figure if they can afford a pack a day, they can afford me for unlimited access,” the doctor replied.

Mosley is a senior vice president at Merritt Hawkins, a physician search, consulting, and research firm. Concierge medicine is one of the topics the firm has intensively studied.

Long thought of as a perk for the rich, concierge medicine has in recent years become more appealing for patients across income brackets.

More important, perhaps, is that concierge medicine is becoming more attractive to physicians.

Concierge medicine is a medical management structure that has been in existence since the 1990s. Essentially, a typical concierge medical practice limits its number of patients and provides highly personalized attention that includes comprehensive annual physicals, same-day appointments, preventive and wellness care, and fast, 24/7 response time. Concierge medicine has become popular among both physicians and patients/consumers who are frustrated by the limitations imposed by managed care organizations. From many physicians’ perspectives, concierge medicine offers greater autonomy, the opportunity to return to a more manageable patient load, and the chance to improve their incomes that have declined because of increasingly lowered reimbursements for their services. From many patients’/consumers’ perspectives, concierge medicine provides more immediate, convenient, and caring access to their primary care physicians and, regardless of their physician’s annual retainer fee, the elimination of third-party insurance coverage costs and hassles. The major criticisms of the concierge medicine model come from some health care policy makers and experts, who believe that concierge medicine is elitist and its widespread implementation will increase the shortage of primary care physicians, which is already projected to become worse because of the Affordable Care Act’s individual mandate, which requires everyone to have health insurance.Utilizing these topics as its framework, this article explains why concierge medicine’s form of medical management is gaining ground, cites its advantages and disadvantages for stakeholders, and examines some of the issues that will affect its growth.

Concierge medicine is a private form of practice where doctors charge patients an out-of-pocket retainer fee for full access to their services. One of the main upsides to concierge practice is the decrease in patients, coupled with an increase in pay.
Obamacare plans and other insurance policies cover things concierge medicine memberships won’t pay for, but the upfront difference in cost is attractive to a growing number of consumers.


The concept of concierge medicine can prove to be a revolution in hospital industry as it will change the way people used to see this industry which is basic service industry.


No doubt the concept of concierge medicine is the future of this industry.

Concierge medicine is a relationship between a patient and a primary care physician in which the patient pays an annual fee or retainer. This may or may not be in addition to other charges. There are more and more people who need care who do not have to it. Doctors are going to get more and more demand on their time. They’re going to need to make time or work even faster than they’re already working, and there are going to be patients, consumers, if you will, that aren’t happy sitting in a waiting room for an hour to see a doctor, and they’re not going to be happy going to the emergency room, and they’re not going to be happy going to Patient First to get the wrong medication. That group of patients that I’m describing isn’t necessarily wealthy people. They could be hardworking people – not that wealthy people aren’t hardworking. They could be people that aren’t making a ton of money, but maybe they have a high deductible insurance policy. If they’re going to be in for a ton of cost on the front end, they may want to just have a concierge physician. If they’re going to pay, they might as well have a good health experience than have to pay and have a lousy health experience, and more and more people are buying these high deductible plans because they can’t afford the low deductible plans. There’s a lot of movement in medicine right now that might not be what you would anticipate working in an office, and the future, I think, will definitely have to include this model of medicine.

Patient loads typically decrease when a physician switches from more traditional fee-per-service practice to concierge medicine. The main attraction is really one of control. A lot of physicians today feel somewhat powerless in their practice. They’ve gone through years of school, they feel like their fees are controlled by third parties,” said Phil Miller, a spokesman for Merritt Hawkins. “They feel they are being judged on things that are subjective, and may not feel fair
It’s a network where the doctors do everything from teaching healthy eating courses to grocery shopping with patients. Doctors also go on walks with their patients and work with them extensively on things like hypertension and diabetes wellness plans.

6 Things to Know About Concierge Medicine
1. The doctor will see you ASAP. A small but growing number of doctors are using the concierge model to offer more-personalized care. Among the perks are the ability to contact your physician at any time and to schedule same-day appointments.
2. And get to know all about you. The opportunity to build a relationship with a doctor is a top selling point.
3. Find the right doc. Start with the American Academy of Private Physicians, which offers a search tool to locate concierge doctors by state. Or, search through a network of concierge physicians, such as MDVIP.
4. Make a house call. Before you write a check, visit the doctor's office to see whether you like the practice. Ask how long appointments are and what services are included. Because concierge physicians limit the number of patients they see, you may end up on a wait list for your doctor of choice.
5. Check your insurance. The relationship between health coverage and concierge care varies from state to state and practice to practice. Your health policy may cover procedures that the retainer doesn't cover, such as laboratory tests and diagnostic screenings.
6. Is it worth it? If you’re exasperated with long waits or if enhanced preventive screenings will help you sleep better, concierge service may be for you.

Concierge medicine is a private form of practice where doctors charge patients an out-of-pocket retainer fee for full access to their services. One of the main upsides to concierge practice is the decrease in patients, coupled with an increase in pay.
Obamacare plans and other insurance policies cover things concierge medicine memberships won’t pay for, but the upfront difference in cost is attractive to a growing number of consumers.

The concept of concierge medicine can prove to be a revolution in hospital industry as it will change the way people used to see this industry which is basic service industry.

No doubt the concept of concierge medicine is the future of this industry.

Faizal Khan

Here are just a few of the benefits of using a concierge physician like Dr. Kravis: • Visits to your office, home, or hospital • Access to the doctor 24 hours, 7 days a week • Same day visits, no waiting • Customized health assessment and lifestyle plans • Comprehensive preventative testing • On-site diagnostic tests • Staff arranges appointments for specialist visits • Curbside transportation service when necessary • Coordinated care at your second residence or during travel • Coordinated care with local, regional, and out-of-state physicians • Wellness and preventative care recommendations
The concept of concierge medicine has been accused of promoting a two-tiered health system that favors the wealthy, limits the number of physicians to care for those who cannot afford it, and burdens the middle and lower class with a higher cost of insurance. Detractors contend that while this approach is more lucrative for some physicians and makes care more convenient for their patients, it makes care less accessible for other patients who cannot afford (or choose not) to pay the required membership fees
Concierge medicine is a private form of practice where doctors charge patients an out-of-pocket retainer fee for full access to their services.
Patient loads typically decrease when a physician switches from more traditional fee-per-service practice to concierge medicine. While there are a small number of physicians practicing concierge medicine today — about 5,000 according to the American Academy of Private Physicians — that number has grown in recent years.
Physicians Transitioning to Concierge
• 1.Wyoming 38.2%
• 2.Nevada 30.5%
• 3.Louisiana 28.8%

• 48.Nebraska 9.4%
• 49.Delaware 9.2%
• 50.Vermont 4.2%
This fast growing type of medical practice has the potential to shift the way people think of their health care and their providers. The concept of a single annual fee that encompasses all aspects of primary care, including any necessary diagnostics tests and other procedures is one of the most appealing things about it. It reminds me a little of the Wheaton Wealth Partners fee-only model. We charge one annual fee for our financial planning services and provide a similar type of personalized services to clients. I think the fee-only model, whether it’s in a medical practice or financial planning firm, builds a strong trust relationship between provider and client. Trust – it’s the foundation to a wonderful future.
Concierge medicine is a medical management structure that has been in existence since the 1990s. Essentially, a typical concierge medical practice limits its number of patients and provides highly personalized attention that includes comprehensive annual physicals, same-day appointments, preventive and wellness care, and fast, 24/7 response time. Concierge medicine has become popular among both physicians and patients/consumers who are frustrated by the limitations imposed by managed care organizations. From many physicians’ perspectives, concierge medicine offers greater autonomy, the opportunity to return to a more manageable patient load, and the chance to improve their incomes that have declined because of increasingly lowered reimbursements for their services. From many patients’/consumers’ perspectives, concierge medicine provides more immediate, convenient, and caring access to their primary care physicians and, regardless of their physician’s annual retainer fee, the elimination of third-party insurance coverage costs and hassles.
The major criticisms of the concierge medicine model come from some health care policy makers and experts, who believe that concierge medicine is elitist and its widespread implementation will increase the shortage of primary care physicians, which is already projected to become worse because of the Affordable Care Act’s individual mandate, which requires everyone to have health insurance. Utilizing these topics as its framework, this article explains why concierge medicine’s form of medical management is gaining ground, cites its advantages and disadvantages for stakeholders, and examines some of the issues that will affect its growth.

SHOBHANA TIWARI
P15043

Concierge medicine is a medical management structure that has been in existence since the 1990s.Concierge medicine allows doctors to charge a flat monthly fee for services. It’s an idea that finally might be catching on. With an increasing number of disgruntled patients, physician waiting rooms are becoming proverbial parking lots. This concierge practice allows providers to spend more time with patients and reportedly gives patients greater access to their personal physician.CM opens doors to greater prevention of disease by allowing physicians to focus on complete healthcare and allowing more time for patient interaction. However, the question remains whether this translates into a better overall community of health. A growing number of doctors plan to transition to concierge medicine, a model in which patients pay physicians directly for services and near unlimited access. When asked their position on concierge medicine, over 7% of those surveyed said they now practice some form of concierge/direct pay. An additional 13.2% said they plan to transition to concierge medicine in whole or in part. If even half this number follow through on these plans, the impact on physician access would be dramatic, as concierge physicians typically see far fewer patients than do those in traditional practice.

The number of physicians who plan to transition to concierge practice varies by state. Over 38% of physicians in Wyoming indicated they plan to transition to concierge while only 4.2% of Vermont doctors plan to take another step.
There have been evident changes in the healthcare industry – medical professionals want to dedicate more time to individual patients and provide a higher level of care but are limited. The patient to doctor ratio has gone up and they are required to see many more patients in one working day than they had to in the past.
The concierge medicine model strives to provide benefits, devote more time to patients and looks like the future of healthcare for people.

Basically, Concierge medicine is a private form of practice where doctors charge patients an out-of-pocket retainer fee for full access to their services.Concierge medicine (also known as retainer medicine) is a relationship between a patient and a primary care physician in which the patient pays an annual fee or retainer. This may or may not be in addition to other charges. In exchange for the retainer, doctors provide enhanced care, including principally a commitment to limit patient loads to ensure adequate time and availability for each patient.Concierge medicine is a medical management structure that has been in existence since the 1990s. Essentially, a typical concierge medical practice limits its number of patients and provides highly personalized attention that includes comprehensive annual physicals, same-day appointments, preventive and wellness care, and fast, 24/7 response time. Concierge medicine has become popular among both physicians and patients/consumers who are frustrated by the limitations imposed by managed care organizations. From many physicians’ perspectives, concierge medicine offers greater autonomy, the opportunity to return to a more manageable patient load, and the chance to improve their incomes that have declined because of increasingly lowered reimbursements for their services. From many patients’/consumers’ perspectives, concierge medicine provides more immediate, convenient, and caring access to their primary care physicians and, regardless of their physician’s annual retainer fee, the elimination of third-party insurance coverage costs and hassles. The major criticisms of the concierge medicine model come from some health care policy makers and experts, who believe that concierge medicine is elitist and its widespread implementation will increase the shortage of primary care physicians, which is already projected to become worse because of the Affordable Care Act’s individual mandate, which requires everyone to have health insurance.Utilizing these topics as its framework, this article explains why concierge medicine’s form of medical management is gaining ground, cites its advantages and disadvantages for stakeholders, and examines some of the issues that will affect its growth.

What is Concierge medicine?

It is a relationship between a patient and a primary care physician in which the patient pays an monthly or annual fees.

Why Concierge medicine?

It is required so that every time you go to the general physician you do not required to pay amount and instead of that you have to pay monthly or annually.

Difference between concierge medicine and direct primary care.

Direct primary care practices remove one of the financial barriers to accessing care whenever it is needed: the DPC annual fee often includes most or all physician services. This model does not rely on insurance co-pays, deductibles, or co-insurance fees where the annual fee is structured to cover a wellness plan so that doctors may charge insurance or Medicare for most other services.

Similarities

Direct Primary Care practices, similar in philosophy to their concierge medicine lineage, bypass insurance and go for a more 'direct' financial relationship with patients and also provide comprehensive care and preventive services.

Future of healthcare?

The number of physicians who plan to transition to concierge practice varies by state. Over 38% of physicians in Wyoming indicated they plan to transition to concierge while only 4.2% of Vermont doctors plan to take another step.
There have been evident changes in the healthcare industry – medical professionals want to dedicate more time to individual patients and provide a higher level of care but are limited. The patient to doctor ratio has gone up and they are required to see many more patients in one working day than they had to in the past.
The concierge medicine model strives to provide benefits, devote more time to patients and looks like the future of healthcare for people.