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Concierge Medicine Turns 25 Years Old In 2021!

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“Concierge medicine is driven by patient dissatisfaction over our present fast-food medical model of HMOs, PPOs and a failing Medicare system. Patients love the time they have with their concierge doctors. Doctors love having the time to do what they were trained to do. Unless primary care medicine becomes more attractive to young doctors, by implementing models such as concierge medicine, no one will opt for a career in internal medicine, family practice or pediatrics and the shortage of primary care doctors will only worsen.” ~Dr. S.K., Arizona

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By Michael Tetreault, Editor-in-Chief

UPDATED, JANUARY 1, 2021 – ATLANTA, GA – It was 20+ years ago and the year was 2016. That was the moment Concierge Medicine turned 20-years old.

At least according to the media and some of the historical stories.

It’s now 2021 and as we look forward, there’s a lot to be excited about in this space.

RELATED STORY
A Biennial Recognition, Meet The 25 Top Doctors In Concierge Medicine of 2021

We’ve got BIG PLANS for 2021! LEARN MORE About Upcoming Monthly Breakfast Webinars, Quarterly Conferences, Industry Mastermind Groups and Industry Resources/Companies Helping Doctors …

Did you miss the 2020 online conference? Get a REPLAY PASS and Stream Every Session On Demand In Our New “For Doctors Forum” at the Members.ForDoctorsForum.org

“More than twenty years later, the bustling and innovative Concierge Medicine space is inviting Doctors everywhere in to lead by example,” said Michael Tetreault, Host of the 2020-2021 #conciergemedicineforum six week long Virtual Conference from Atlanta, GA USA and Editor of Concierge Medicine Today (CMT). “You must be a good leader to be a great Doctor and this unique niche in healthcare will test you and bring out the DocPreneur inside every Physician, if that’s what they want. Concierge Medicine has become the conscience [an inner feeling or voice viewed as acting as a guide to the rightness or wrongness of one’s behavior …] by which many Physicians in healthcare today routinely measure their own personal career satisfaction in medicine. It might not be right for you now but ultimately later in life we find Physician’s decide how satisfied they are in their own career and consider the option of moving into a Concierge Medicine or some form of subscription-based healthcare delivery business model that is rewarding to themselves and their patients.”

“As a doctor, keeping people healthy and helping them achieve optimal health is very rewarding,” Dr. Avallone said. “That’s our job, and it’s why most of us went into this profession. We’re here to make sick people better and keep healthy people well. If we do our jobs well, our patients benefit, the people around them benefit, and it makes for a healthier community to live in.”

(WATCH) The Concierge Physician Lifecycle: From Exhilaration to Exit (by Specialdocs Consultants)

HowStuffWorks.com wrote “the roots of the title, “concierge” are from the Latin word conserves, meaning “fellow slave.” The word itself is French, meaning “keeper of the keys.” During the Middle Ages, concierges did just that. When castles across Europe hosted visiting nobility, the concierge kept the keys to the castle rooms, and ensured that guests had everything they needed during their stay. By the 1800s, a number of buildings in Europe, from government offices to prisons, had their own concierge on staff. It wasn’t until the 1970s that the concierge position emerged in the United States, although hotel bell captains and front desk staff had unofficially been performing the same duties for many years. Thomas Wolfe is known as one of the first American concierges. He worked in Europe for several years before taking up a position with the Fairmont Hotel in San Francisco in 1974, and he founded the original West Coast chapter of Les Clefs D’Or (the West Coast and East Coast chapters eventually merged to form the organization’s modern incarnation).

In 1996, MD² Founder Dr. Howard Maron found it increasingly difficult to keep up with the ever more demanding pace of traditional medicine. This pace was not conducive to the extraordinary quality of care he always wanted to give.

So, he asked an intriguing question: what would it mean to practice “medicine in the ideal?”

The answer came in the form of the first MD² office, where he did something that was unprecedented at the time – he limited his practice to just 50 families. Unencumbered by insurance, he finally had the time and resources to offer the caliber of care he dreamed of in medical school.

“I never expected that by opening my one practice an entirely new category of healthcare would be created. It’s amazing for me to see all the different levels of concierge medicine that are now available to people,” said Dr. Maron. “Our practice was designed around this ideology: provide the professionalism, convenience, and best-of-class service you expect from every service provider in your life. The very nature of these relationships necessitates we limit our practice to so few. It’s what sets us apart.”

maron

In 1996, MD² Founder Dr. Howard Maron found it increasingly difficult to keep up with the ever more demanding pace of traditional medicine.

Twenty Plus Years Later

Physicians who were visioneers of their own careers in Concierge Medicine 20-years ago, remember the days when their colleagues [and patients] winced at the notion of such a business practice.

Long gone are the days when Concierge Medicine was exclusively for the professional athlete or the wealthy celebrity, although many like to say and believe that it still has not evolved and innovated. As with most business, consumer awareness, need and competition will drive prices down. They have in Concierge Medicine as well, considerably.

Yes, it is true that Concierge Medicine does have a rich history (no pun intended) with its 20-year old start date rising in 1996, the “application” of Concierge Medicine, “in practice,” is much older than 20-years, more like, decades and decades old — but back then, it was not referred to commonly in history by its current brand name. Back then it was “… just like having a doctor in the family.”

In fact, if you talk to the people on the street [and we have and do, regularly], the majority of them understand exactly what it is … and most, are readily willing to listen and learn more about it because they know they’re misinformed. That’s a tremendous step forward from both a public relations point of view and an educational perspective. Indeed, we’ve come a long way.

concierge service medicineCONVERSATIONAL COMMERCESo where does that leave us today?

Chuck Longanecker wrote a story just last year for Entrepreneur [Magazine] and a story entitled “Why You Should Use a Subscription Business Model” and noted, Since consumer buying habits are trending toward more simple and hassle-free experiences, more and more companies are jumping into the subscription space and seeing incredible growth … The subscription model owes its success to the optimal balance of value it provides to both the company and the customer. For customers, the value lies in the convenience. First, there’s the autopilot simplicity of subscriptions that removes the thinking out of a purchase decision. Subscribers never have to remember to reorder every month, which gives them the reassurance that they will have whatever they need before they actually need it. Second, subscriptions offer a flat rate which helps customers stay within their budget — always. Lastly, subscriptions usually bring added value to the customer through bundling or getting it all for the price of one.

Our friends at Cypress Membership Medicine recently posted this blog article that we think highlights illustrates the myths and answers them for you. It’s entitled the FAQs and Myths About Concierge Medicine.

RELATED STORY
IDAHO: Concierge medicine, not just for the rich … Doctors changing to ‘health club member’ format with 24-7 access

In a related Physician story by Cypress, Dr. Richard Samuel from Idaho said “The charge for this care has dropped to where it’s now accessible to middle-class people,” said Samuel, adding there’s a movement nationwide to offer such care.” (Read Full Story …)

dean_CCPHP“We’ve seen a tremendous amount of growth,” said Dr. Dean McElwain, president and COO of Castle Connolly Private Health Partners, a medical consulting company founded four years ago with John Castle and Dr. John Connolly that helps physicians convert their practices to a concierge model. “Concierge medicine affords physicians the ability to return to a much more old-fashioned style of practice where you actually had generous time to communicate with your patients and to work one-on-one with them to solve their problem and get to know them as individuals and not just a diagnosis.” ~LLNYC Magazine; July/August 2017

“The claim that MDs who go into concierge and become millionaires is rarely true,” says Wayne Lipton of Concierge Choice in a commentary related to a Forbes article. “As someone who has been working with MDs for more than 30 years and talks to hundreds of doctors a year, I can tell you that most improve their economic and professional situations, and many do it just to survive. The goal of nearly all concierge physicians is to keep their practices independent and viable for their staff and patients. Additionally, for a physician with an established practice and a sound plan, financing a concierge practice conversion is a non-issue. If they align with a company that has experience with practice conversions, the costs to the practice are minimal. The risks are far greater if they attempt to build a concierge program from scratch, in which case they will more likely need a bankruptcy attorney. The other benefit to aligning with an experienced concierge care company is that it handles business development, allowing the physician and his staff to focus on doing what they do best—providing superior care to their patients.”

RELATED STORY
The History of Concierge Medicine (Abridged; Last Updated January 2021)

Enter, the Subscription Business Model

Today, subscriptions have come to medical care and they are quite a common business practice. You may have heard of Direct Primary Care, a no insurance, low monthly fee, mass market variant distinguished by cash-only subscription business model.

IMG_6224We have Concierge Medicine to thank for the many subscriptions business model variations and lessons pioneering physicians have taught others across the U.S., Australia, the United Kingdom and other places around the world [yes, Concierge Medicine operates successfully in other countries … but it’s more commonly called “Private Medicine” ~M. Tetreault, Editor]. Because of the success of Concierge Medicine programs over the last 20-years, additional subscription business model practices in healthcare have been created.

Another example, First Stop Health. First Stop Health provides urgent care and around-the-clock online medical advice. As an adjunct to its telemedicine services, First Stop Health provides employers with advocacy services that consist of patient advocacy for employees and financial advocacy (bill remediation) for employees and their employers. First Stop Health has raised $2.2 million from angel investors to scale up and expand its reach to more employers, according to a company statement. Its CEO Patrick Spain believes that the future of healthcare, the convenience of having access to a doctor when they need one will be a valued supplement to a primary care physician.

Michael Tetreault, Editor of Concierge Medicine Today and Host of the 2020-2021 Concierge Medicine VIRTUAL Forum this Nov. 12-Dec 31, 2020

Concierge Doctors Are Not Millionaires. The Patient Care Comes First.

“Concierge Medicine, like it or not, exposes what has yet to be accomplished between the Patient and the medical practice and Physician,” adds Tetreault. “In this way, this unique version of healthcare delivery creates a healthy sense of organizational discontent. Change is hard. That’s why we’re all here talking about it. We can’t ignore what’s happening to Physicians and Patients. Neither today are satisfied and leaving the medical office exam room satisfied. Have you ever sat on the other side of the exam room across from a Physician lately? Have you listened to the frustration inside the waiting areas? We have. And what we discovered year after year is that change is critical to bringing the Patient and Physician closer together. It’s easy to keep slipping into old patterns that seem to work or reimburse at this rate or that rate but we never see or experience real change. Change is and can be a means to an end. Today, Patients want their Doctor to change the way they communicate with them. Change in healthcare today is modeled here in Concierge Medicine by marrying the Hippocratic Oath with the Golden Rule. That should be the reality and example every of Patient-Physician encounter in our communities. These Doctors, this industry, are simply early innovators leading by example. They’re living, breathing story tellers that Patients are embracing it too.”

Every physician we’ve talked to, interviewed, Coached or conferred with in the past decade confirms that they made the jump into Concierge Medicine because patient care was suffering and there had to be a better way. Concierge Medicine Today and our research and data collection arm, The Concierge Medicine Research Collective, has surveyed, interviewed and polled hundreds of physicians over the years and reported their annual earnings.

Longanecker adds, “Moreover, it also forces service providers to be accountable in their client relationships. In a project, the goal is to finish, whereas with a subscription, the goal is to accomplish the objective — and continue to provide value over time. We must always be pushing for innovation and exploring ways to make a greater impact, to be proactive instead of reactive.”

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RELATED STORY | Exclusive | Concierge Medicine Today — READ HERE …

Much like the popularity of other service subscriptions in the marketplace like Prime, Netflix or Costco, Subscription-based medical care performs the functions of several different services. It provides a fair amount of selection, cost-saving deals, family discounts, and its ultimately up to you to decide each month, quarter or year if you want to keep the same doctor. It puts the patient in control and tells them how much it costs. Look for more subscription-based telehealth services from doctors, PAs and NPs in the months to come.”

Services must adapt to avoid falling behind like Blockbuster. There are already a number of successful service providers using the subscription model. Global web and software developer Pivotal Labs offers their services through coaching subscriptions — clients retain their team’s expertise and learn their processes by working side-by-side with them on location. Their success didn’t go unnoticed. EMC acquired them in 2012. Innovative medical startup One Medical Group has remade the office visit into a convenient and efficient process. Members of One Medical pay an annual fee of $149 to $199 (depending on the city) and enjoy benefits such as same-day appointments made online, more personal treatment plans and direct access to doctors outside the office. The group raised their second round of funding in 2014, bringing in $40 million in additional investment. ~Longanecker

Stephanie Baum, a writer about investments in the healthcare space notes, “Companies with self-funded plans make up 40 percent of its base, and it wants to boost that to 60 percent. Its services are also available to individuals who pay a monthly subscription fee.  There are loads of healthcare startups seeking to tap the demand … Some include Practice Fusion Consult-a Doc, AmeriDoc, SNAPMD, PhoneDoctoRX, 1-800MD, iTerpret, iSelectMD Ring-a-Doc, Advantage Home Telehealth.  With so many companies competing with each other, as well as with health systems and insurers that are offering these services as well, it will be interesting to watch this space and see which companies have staying power.”

concierge medicine forum atlanta 2018 BLUE23distort tetreaIndeed, Concierge Medicine has awakened physicians entrepreneurial spirit. So much so, that Concierge Medical care and its subscription business model is now [and has been for many years] being used by patients inside: Academic Medical Centers; Hospitals; large and small Hospital & Medical Centers; Executive Health Programs; Homeless Shelters; Rehab and Surgery Centers; Specialty Medical Facilities; Urgent Care Centers and countless others. In fact, we hear of new subscription medical care programs and ideas each week through our business coaching and mentoring arm, The DocPreneur Institute. We’ve coached and educated countless physicians over the past two years, their staff, executive leadership, pharma reps, and even investment groups about the multiple facets and forms that Concierge Medicine, Private Medicine and Subscription based medical programs are taking on in the marketplace today.

math concierge medicine statsANALYSISC.J. Miles, MBAHCM, MSA Research Analyst at the AMAC Foundation writes … ‘Any type of healthcare and health insurance-related issue is going to have legal and ethical issues that everyone will not agree on. The bottom line with concierge medicine is that it is quickly growing, presumably due to physicians and patients fed up with the current state of America’s healthcare system and where it could be going due to The Affordable Care Act. In fact, even with the growing number of concierge physicians, “the number of patients who are seeking concierge medical care in the past 24 months is far greater than the actual number of primary care and family practice concierge physicians available to service them” (Concierge Medicine Today; CMT, 2014b, para. 22). Only time will tell how this will pan out, but for now, it looks like this is where our country is heading.’

“Obamacare helped,” writes Sonja Horner, President at Private Medical Partners in an editorial contribution published in Concierge Medicine Today, October 2014. “I know, trust me it’s hard to admit, but I’m referencing how it helped consumers understand the sheer demand for the small number of physicians in this country compared to the growing number of people that need care. It also caused the media, in all forms, to cover options to Obamacare and concierge medical care was one of those options. USA Today and Forbes did a beautiful job of educating consumers through info-graphics about concierge medicine and even so far as to recommend it in an article on, “How to Survive Obamacare?”.”

In December of 2020, STAT reported The U.S. health care system is generally designed to give preferential treatment to those with wealth and connections, ethicists said. “When we talk about the concept of individuals being able to get to the front of the line, that’s not difficult, because our system is designed to advantage those people with means like that,” said Glenn Ellis, a visiting scholar at the National Center for Bioethics in Research and Health care at Tuskegee University and a narrative bioethics fellow at Harvard Medical School. “They don’t have to really do anything sinister. All they have to do is access the system that they are a part of.”

 

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“Concierge Medicine must be treated seriously by physicians and Patients alike because it is a concept that is here to stay. Paying a set annual fee for “special services” may appear to some to focus on money and greed but to others it may be redirecting the focus of medicine back to preventing disease and seeking wellness. If concierge physicians are successful in preventing illness and keeping Patients healthier then it is in the best interest of Patients, physicians and society as a whole.” ~Peter A. Clark SJ, PhD Professor of Medical Ethics and Director, Institute of Catholic Bioethics, Saint Joseph’s University

Enough said. Happy Anniversary Concierge Medicine!

As Dr. James O’Connell of Boston, MA said in a recent interview with Concierge Medicine Today, “Concierge Medicine is saving the soul of physicians …!” Thank you for rescuing the careers and lives of countless physicians and you’re continuing to live on in all new ways. You know who you are and you ought to be proud of what you’ve accomplished in the past many years. Thank you!

Original Post, JANUARY 15, 2016 | Updated, January 2021

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