By William Hudec and Cassie Dormond, Advisory Board
Concierge medicine operates on a subscription model. In exchange for a nominal monthly or annual fee, patients receive personalized service that generally begins with a thorough annual wellness visit and health plan. Additionally, plans include conveniences like same-day access, email and telephone consultations, and priority referrals and lab results. The level of services tends to vary by provider panel size and level of expense.
Let’s take a look at how these models work, and whether or not medical group leaders should explore replicating these offerings.