Your Source For Pediatric News and Community.
Perfect Pediatric Concierge Practice Example
Feb
23
Over on one of the MGMA mailing lists (whose content and quality seem to diminish over time), the ED of an interesting organization - True North: Maine's Center for Functional Medicine and the Healing Arts - posted a message about their cash-only business. I poked around and found this segment in their pediatric section:
Best First Year of Life
This package approach to Kathryn’s services allows a family to purchase a year of care in one lump sum or in quarterly payments. The package includes: a prenatal consultation, up to 2 hospital visits for normal newborn care, well-child visits at 1 week, and at 1, 2, 4, 6, 9, and 12 months, one hour of phone consultation time, one, 30-minute behavioral or parenting consultation, two acute visits and a one hour pediatric class.
...that's exactly what I've described offices should do in the face of the HSA programs (only Lynn Cramer @ Eden Park Pediatrics seems to have investigated the possibilities). I'm excited to see someone actually do it!
- Login or register to post comments
- Printer-friendly version
- 5 comments
I'd like to see the result
I'd like to see the result of year one revenue in this model vs a practice with fairly favorable payor mix given similar patient mix, complexity of care and volume. Anotherwords, apples to apples. Certainly would cost less to deliver care in this model, specifically billing resouces and A/R issues. Does anyone know this or anyone else's price for first year of such conceirage service.
Personal Pediatrics Consulting
Hi There Please refer to Personal Pediatrics Website and my blog for more information regarding pricing for these kinds of services. We take a market to market approach in helping practice price their services and have a variety of tools to minimize risk in the conversion. Of particular importance is the marketing of such a practice and our experts have spent the past three years honing marketing strategies for successful launch of " Direct Medical Practice" Would love to let you know of the programs we have including consulting on the short term as well as licensing of our technology platform to successfully launch practice, either in addition to your office practice ownership, or instead of. The early bird gets the worm here. Our licensing program allows you to launch for 50k, with yearly overhead of 50k growing to yearly revenue stream of 450k. WOW. Natalie Hodge MD FAAPwww.personalpediatrics.comhttp://www.msnbc.msn.com/id/29407434/ Natalie Hodge MD
I would like to see that,
I would like to see that, too :-)
I *can* tell you two things, though:
- If you have a favorable payor mix, why worry about it? :-)
- Of PCC clients, there is no question that our amazingly small minority of "concierge" practices do faaaar better financially. As you know, we have all the practice data for our benchmarks and they stand out like neon lights. .5 days A/R, high rev/vis, etc.
Personal Pediatrics Consulting
I would suggest any PL3 or pediatrician inrterested in pediatric concierge medicine refer to Personal Pediatrics Consulting. I launched my house call practice in 2005 and we have signed clients to launch our house call technology platform in July in several markets. We have extensive expertise in pricing, market research, legal, marketing PR, technology, e-commerce functionality with regard to implementation of a successful " Direct medical Practice" I will be speaking at SIMPD in San Diego in May as well as by teleconference to PL3's in top residency programs nationally about our consulting services as well as licensing programs over the coming months. Can you imagine a national network of pediatricians running direct medical practice off of an I Phone?? That is the Personal Pediatrics Solution. Unlock the secrets of launching a successful concierge medical practice and leverage the brand of a powerful pediatrics network. Like Geek squad, but for pediatricians. Natalie Hodge MD FAAPwww.personalpediatrics.comhttp://personalpediatrics.blogspot.com/http://www.msnbc.msn.com/id/29407434/
Concierge Healthcare
Normal
0
MicrosoftInternetExplorer4
st1\:*{behavior:url(#ieooui) }
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";}
Sometimes for a patient,
it is more a comfort than the technology which we generally try to run for.
Advancements in the technology have greatly diversified the perception of
people towards healthcare. People used to be frightened when they were
prescribed for any test, or were forwarded to hospital. But now, because of the
amount of advancements in technology and also the amount of soft-care has
changed the age-old perception of healthcare. Now, people feel free to have a
medical checkup. The amount of comfort they feel though surrounded by some most
complex machineries in the world is the achievement that technology has got.
The concepts like concierge medicine and Boutique medical practice has
revolutionized the basic fundamentals of healthcare. Many hospitals and medical
service providers: Cleveland clinic, Mayo Clinic, Elite health, to name a few,
have completely revolutionized the concept of older concierge medicine. The
amount of care added with treatment makes a trip to hospital a better journey.
All the requirements starting from transportation, stay in the hotel,
appointments, etc are one phone away with these concierge plans. Increasingly
people are opting for concierge facilities. The overall information regarding
concierge plan is described here:
https://www.clevelandclinic.org/thoracic/Concierge/Concierge.htm
http://www.mayoclinic.org/travel-rst/concierge-services.html
http://www.elitehealth.com/concierge_healthcare.php