Business

2013: Who wants to be a concierge doctor?

Who wants to be a concierge doctor?

Retainer practices have broadened in scope and now offer different arrangements for patients of varying socioeconomic groups. The practice model, estimated to be used by more than 3,500 practices, is showing signals of modest growth. When 13,575 doctors were asked about what they planned to do with their practices over the next one to three years, nearly 7% said they planned to switch to concierge or cash-only practices. Doctors who owned their practices appeared the most open to starting concierge practices.

Physician characteristic Continue current practice Work part time Start concierge practice
Younger than 40 56.6% 4.6% 7.5%
40 and older 49.1% 6.9% 6.8%
Male 50.3% 5.9% 7.1%
Female 51.1% 8.4% 6.4%
Employed physician 53.3% 6.5% 4.5%
Practice owner 50.1% 5.8% 9.6%
Primary care physician 51.0% 7.0% 7.7%
Specialist 49.3% 6.2% 6.4%

Note: Other responses included retire, seek a nonclinical health care job, reduce patient panels, stop accepting new patients and seek hospital employment.

Source: “A Survey of America’s Physicians: Practice Patterns and Perspectives,” conducted on behalf of the Physicians Foundation by Merritt Hawkins, September 2012 (link)

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