By Brittany Richards
April 10, 2013 | The most common medical practice size is 2,000 to 3,000 patients. With so many patients to see, a doctor has limited time to spend on each person, making it difficult to establish a strong doctor-patient relationship. This is why concierge medicine is gaining popularity. With this model, doctors are able to provide more attentive care while maintaining the same revenue flow.
There are many factors to consider before a traditional medical practice can make the switch over to concierge medicine. The medical technology publisher, Software Advice, recently wrote an article evaluating this approach.
Concierge practices require patients to pay a retainer fee. Therefore, the number of patients in a concierge practice drops significantly depending on what type of payment model the practice uses. This allows for concierge doctors to spend more time with patients and accommodate last minute appointments.