*VALUING YOUR MEDICAL PRACTICE For Sale* | Poll: Selling Your Practice and Retiring — Where/To what type of entity are you planning to sell or getting offers from?
By Editor-in-Chief, Concierge Medicine Today & The DPC Journal, May 2019
I know there are a few who disagree with this headline while others empathize and are nodding in agreement. I’m also aware that the sun doesn’t rise and fall on the selection of one business model or definition over another. It’s a great big world out there and time is simply too short and the healthcare ecosystem is too big to say one of these models is better than another or will radically shift our culture. Each are unique in their own respects. I love and admire them both. That’s probably no secret. There are well documented challenges and opportunities.
For now, we’re just here to report what we find. So, then you and others can make an educated and informed decision in the future.
Yes! I Would Like to Receive the NEW, 2019 Difference Between Concierge Medicine and DPC Business Education Infographic
For years now, a lot of people like to compare Concierge Medicine to Direct Primary Care (DPC) and say … ‘DPC is the less expensive alternative.’ But the data, the patient interviews and the industry service offerings say something completely different.
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These business models are dynamic and they’ve changed over the years. To repeatedly say ‘Concierge Medicine is only for the ultra-wealthy …’ is ignoring the fact we stated in the first sentence … ‘they’ve changed over the years.’
“America’s Best Places To Work never include a doctors office,” says Michael Tetreault, Editor of the trade publication and conference host, Concierge Medicine Today and its sister publication, The Direct Primary Care Journal. “Inside traditional medicine, patients expect to wait. They expect insurance to cover their visit. When it does not, they expect to fight. Consumers of healthcare today say they expect a disengaged staff and an unpleasant visit when at the Doctor’s offices. What I like about both of these healthcare delivery models is they’re trying to say ‘We’re different.’ But people, the media and even Doctors can make the mistake of typecasting one business model over another and it’s an unfair and misinformed comparison.”
“They are not the same. They are uniquely different in their own ways and that’s okay.”
Today, the distinguishing factor differentiating DPC and Concierge Care is not price … it’s demography, insurance participation of the practice, monthly billing practices (seen at most DPC clinics) vs. annual subscriptions and what services are offered through eachy program. In both Concierge Care and DPC, people have inherent, not ascribed value. There’s no class order … no first class or second class, just people for whom doctors serve each day. They’ve built clinics for children, families and people who are sick … and it is these visioneering physicians who are drawing attention to the cost of healthcare across the country and designing ways for it to be available and affordable for anyone.
Our latest 2019-2020 Infographic contains a lot of new information. From scholarships to staffing. We’ve even added comparison stats and figures which compare the same question asked today to how that same question performed a few years ago. You’ll be surprised by some of the figures. The numbers are what they are, and that is polling figures. Polling by definition is not an exact science. For further clarification, it is a sampling or collection of opinions on a particular subject, taken from either a selected or a random group of persons, for the purpose of analysis.
Through years of our analytics, questionings and polling, we strive to help Employers, Doctors and Patients unlock the information they want to know about this young, relatively small but very unique and dynamic space within the free market of healthcare today. We know that data-driven decision-making always wins over guesswork so we do the best we can. And with the right questions healthcare providers and experts are examining this polling data for themselves to help them strategize for the future of DPC and ultimately provide better healthcare to our communities.
Please provide us with your email below in order to access the latest 2019 Compare and Contrast Concierge Medicine and DPC Infographic by Concierge Medicine Today and our sister publication, The Direct Primary Care Journal.