Tuesday 10 July 2012

Markets in Everything: Concierge Medicine



Watch the PBS News Hour segment above on "concierge medicine," featuring Texas doctor Raymond Solis who recently converted his 21-year-old traditional medical practice of 3,000 patients to a concierge-based practice serving just 400 patients.  Dr. Solis changed his business model with the assistance of national medical consulting firm MDVIP, which helps doctors switch from traditional, "conveyor belt" medicine to concierge practices, and go from patient loads of 2,500 to 3,000 down to 400 to 600.  

For about $1,500 a year, patients can join a MDVIP concierge practice and be assured of personal attention and more face time with the  doctor.  Monthly fees run about $150 per month, which allows most patients to get same-day appointments that last 30 minutes or longer. Most MDVIP doctors accept insurance.

HT: Paul Cerni

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