The Rise Of Concierge Medical Practices At Hospitals – Forbes
For a number of reasons from a healthcare system riddled with problems to people wanting access on demand, concierge medicine is booming. While the cost of joining a concierge medical practice ranges quite a lot, it is geared to more affluent patients.
Physicians are also embracing concierge medicine for a number of reasons. Being able to practice medicine the way they want tops the list, and for some physicians, concierge medicine is very financially rewarding.
The power and benefits of concierge medicine have not gone unnoticed by not-for-profit healthcare systems. They are also embracing primary care concierge medicine for their wealthier patients. Example of this include the Mayo Clinic, Duke Heath, and Massachusetts General Hospital.
According to Daniel Carlin, M.D., CEO of WorldClinic and author of The World of Concierge Medicine, “The writing is on the wall. Concierge medicine will slowly become more and more common among major hospital systems. For many of them it will complement and support their executive health initiatives including their efforts to attract foreign patients. Critical to the effectiveness of hospital-based concierge medical practices will be adapting the systems and processes that make high-end concierge medicine effective. A meaningful part of this is the adept use of telemedicine.”
For some hospitals the financial advantages of concierge medicine will enable them to support their core missions. For example, the additional profits can enable a hospital to care for patents less able to afford quality healthcare. Hospital-based concierge medical practices can result in the hospital delivering better care to patients and deliver longevity planning. Whatever the particular set of motivations, a growing number of not-for-profit healthcare systems are incorporating concierge medicine.