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Written By Smith Anderson, Published In Business Model, JD Supra
As the health care industry continues to evolve at a rapid pace, many family physicians are exploring innovative practice models, including concierge and direct pay care. These models have gained traction in primary care in recent years because they can streamline the administrative burden of maintaining a practice and stabilize revenue, enabling physicians to provide more personalized and convenient care to their patients. Patients in turn benefit from greater accessibility to their doctor and can avoid some insurance hurdles as well.