TODAYS GUEST Bret Jorgensen, Chairman and CEO of MDVIP
JUNE 22, 2015 – Bret joined us to discuss Concierge Medicine as a continuation of our recent focus on Healthcare Consumerism. Yes, I used both of those words in the same sentence. Statistics show that Patients are now responsible for 27% of the cost of healthcare and that is expected to grow to over 50% within 3-5 years. Specifically we discuss the following with Bret:
- We are hearing the debate and discussion of Healthcare vs. Sick-care getting louder and louder. What is your perspective on this discussion?
- What do you think is driving the growth of this model?
- How does MDVIP choose their doctors?
- What is the patient mix of the practices?
- How do patients benefit most from the model? Is it all about convenience and better access to the doctor?
- Is there published data that supports the success of the model?
- How does the concierge model provide work with other infrastructure in the U.S. Health System like Health Spending Accounts, Flexible Spending Accounts and higher deductible plans?
“MDVIP started as an idea — an idea that was sparked in the minds of a few visionary doctors who were seeking to rekindle their passion for medicine once again, who knew there had to be a better way to fully care for — not merely treat — the patients who flooded their waiting rooms and who believed the healthcare system had lost its way. The MDVIP model was created with the hope and vision of bringing more life to more lives — both young and old — by putting impersonal healthcare practices and tactics aside, and embracing a new way of healing. MDVIP has always put the patient at the heart of everything we do. We see patients as people — not numbers or charts — but unique individuals with their own personal story. And, because we are all different, healthcare should be designed specifically for your needs, your goals and your aspirations. MDVIP seeks to achieve this by combining the high-tech tools of today and the high-touch practices of the past to make patients and doctors happier and healthier.” (from http://www.mdvip.com/what-is-mdvip/who-we-are)
Bret Jorgensen is the Chairman and CEO of MDVIP, the nation’s largest network of consumer-focused and funded, personalized primary care physicians. Previously, he was CEO of MDVIP and led the successful sale of the company to Procter & Gamble in December 2009. He remained an active member of the Board returning in June 2014 to lead MDVIP after the repurchase of the company by Summit Partners, in which he participated as a minority investor. As Chairman and CEO, his 25+ years of innovative leadership experience in healthcare and proven track record in fundraising, execution and value creation are guiding the strategic direction of the MDVIP organization.
Currently Mr. Jorgensen is also Chairman of Crossover Health, a novel worksite health provider offering technology-enabled health services to large self-insured employers, and a Board Director of the Kravis Leadership Institute. Prior to MDVIP, he was CEO of InSight Health, a $300 million diagnostic imaging business with 2,400 employees where he completed a financial restructuring, and Directfit, an IT services company that he sold to TEKsystems. Earlier in his career, Mr. Jorgensen co-founded TheraTx, a publicly traded, diversified healthcare services business with an innovative, point-of-care, information technology solution. As Director and President of TheraTx Health Services, he was responsible for five operating divisions with 5,000 employees when the company was sold to Vencor for $550 million. TheraTx was recognized as the second fastest-growing public company in America by Inc. magazine in 1995 when Mr. Jorgensen received the “Entrepreneur of the Year” Award in Healthcare.
Mr. Jorgensen has held Board Director Appointments for numerous public and private companies, primarily in the healthcare field. Additionally, he has served as a strategic advisor to several companies, including, most recently, Qualcomm Life (mobile health) and Advanced ICU Care (tele-ICU). Mr. Jorgensen was a member of Scripps Institution of Oceanography Director’s Cabinet and Big Brothers of San Diego Board and Presidents’ Council (he was former “Big” for 10 years). He is Chairman Emeritus of the Young Presidents’ Organization (YPO) of San Diego and has served in numerous YPO regional and international roles. He graduated cum laude in economics from Claremont McKenna College.