Business Models Used In
CONCIERGE MEDICINE

There are typically two primary types of concierge medicine business models practiced today. Variations of these models exist, although the average fee ranges from $1,500 - $1,800 per year. Most models usually fall into one of the following categories.

FEE FOR CARE MODEL
('FFC' or 'Retainer')

An annual retainer model, where a patient pays a monthly fee, quarterly or annual retainer fee to the physician. The retainer fee covers most services provided by the physician in his/her office. Often, vaccinations, lab work, x-rays and other services are excluded and charged for separately.

 

Benefits and services typically included in the contract between the physician and patient may include: same day access to your doctor; immediate cell phone and text messaging to your doctor; unlimited office visits with no co-pay; little or no waiting time in the office; focus on preventive care; unhurried atmosphere; free cell phone, text message and online consultations, prescription refills; convenient appointment scheduling and more.

Many FFC or Retainer plans may be purchased with pre-tax dollars utilizing HSA and/or FSA accounts attached to patients' insurance plans. Please note, these programs are not an insurance company or product. Each patient should check with their physician to find out what services are included in their individual membership. These are only examples of some of the typical services provided.

RELATED ARTICLE >> "Direct Primary Care and Concierge Medicine - What's the Difference?"

 

FEE FOR NON-COVERED SERVICES BUSINESS MODEL (Hybrid)

A Hybrid concierge medicine practice is where physicians charge a monthly, quarterly or annual retainer or membership fee for services that Medicare and insurers won't pay for. These services include: email access; phone consultations; newsletters; annual physical, prolonged visits and comprehensive wellness and evaluations plans. They bill Medicare and insurance companies for patient visits and services covered by the plans.

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