How does concierge drug work?
I was wondering how concierge doctors make money, and why they'd choose it instead of regular doctor employment?
Also I'm wondering how they receive their medical devices, drugs, equipment, etc.
And finally, how does insurance, both for the doctor and patient play into adjectives of this?
Answers:
It works like a regular medical practice, except that those physicians eliminate insurance companies (and the high cost of employ people to collect from them) and opt to have patients pay directly for the services they receive.
In return, the physician edges the number of patients in the practice, and can spend more time with each.
Physicians usually enjoy to BUY their medical devices, drugs, equipment, etc. That doesn't change.
Insurance companies reduce physicians' pay (sometimes to 1/4 of what they charge), and require deeply of paperwork and phone calls to actually keep up their lapse of the deal. There are times I have spent hours trying to get rewarded for a 20 minute case (now I have a billing company do that for me). So, a physician might charge $50 for an office call round, but spend $10 in employee time getting the claim paid, and just get $25 of the $50 charged. Subtract the cost of the staff, and that $50 charge might net $15. That's why docs have to see so lots patients in a day.
Concierge docs can spend more time with patients, and are free from insurance companies describing them how to practice, what drugs to prescribe, and so forth.
Pangolin has done a good job, but according to an article contained by our local paper, a few local physicians are charging 1000/year (no separate office visit fees), and will see the lenient as often as needed. They limit themselves to no more than 600 patients signed up. They get to devote as much time to respectively patient as needed. Insurance companies are not involved at all.
Of course, the patient is responsible for prescription drugs and other ancillary medical devices and carrying out tests. At this point, insurance payments would be utilized.
The overhead to the doctor is therefore limited to office rental, receptionist and nurse (won't bring surrounded by at this point, malpractice, licensing fees, continuing medical education, etc). Quite a savings.
I in reality, have been thinking about this resort (as a patient). I have spent eight hours on the phone and two hours in the waiting room, to see an ENT for five minutes recently, and the procedure have not been scheduled YET. There has of late got to be a better way. I have not found a worthy internal medicine doc, yet, and have be searching for two years. Sad to say that, since I work in a town beside a major medical center and school. Have been to a couple of first visit, but find that their approach to medicine is robotic, and could be done by a good trained monkey, not one who is actually thinking more or less the patient.
On the other hand, the pediatrician we have gotten surrounded by with is amazing. My daugher spiked 104 temp last night, get it down with advil, went up again. Called the pediatrician at noon, we have been seen, and had the results of her nasal swab by 2:30. I find it frozen to imagine what can be improved on that.
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Also I'm wondering how they receive their medical devices, drugs, equipment, etc.
And finally, how does insurance, both for the doctor and patient play into adjectives of this?
Answers:
It works like a regular medical practice, except that those physicians eliminate insurance companies (and the high cost of employ people to collect from them) and opt to have patients pay directly for the services they receive.
In return, the physician edges the number of patients in the practice, and can spend more time with each.
Physicians usually enjoy to BUY their medical devices, drugs, equipment, etc. That doesn't change.
Insurance companies reduce physicians' pay (sometimes to 1/4 of what they charge), and require deeply of paperwork and phone calls to actually keep up their lapse of the deal. There are times I have spent hours trying to get rewarded for a 20 minute case (now I have a billing company do that for me). So, a physician might charge $50 for an office call round, but spend $10 in employee time getting the claim paid, and just get $25 of the $50 charged. Subtract the cost of the staff, and that $50 charge might net $15. That's why docs have to see so lots patients in a day.
Concierge docs can spend more time with patients, and are free from insurance companies describing them how to practice, what drugs to prescribe, and so forth.
Pangolin has done a good job, but according to an article contained by our local paper, a few local physicians are charging 1000/year (no separate office visit fees), and will see the lenient as often as needed. They limit themselves to no more than 600 patients signed up. They get to devote as much time to respectively patient as needed. Insurance companies are not involved at all.
Of course, the patient is responsible for prescription drugs and other ancillary medical devices and carrying out tests. At this point, insurance payments would be utilized.
The overhead to the doctor is therefore limited to office rental, receptionist and nurse (won't bring surrounded by at this point, malpractice, licensing fees, continuing medical education, etc). Quite a savings.
I in reality, have been thinking about this resort (as a patient). I have spent eight hours on the phone and two hours in the waiting room, to see an ENT for five minutes recently, and the procedure have not been scheduled YET. There has of late got to be a better way. I have not found a worthy internal medicine doc, yet, and have be searching for two years. Sad to say that, since I work in a town beside a major medical center and school. Have been to a couple of first visit, but find that their approach to medicine is robotic, and could be done by a good trained monkey, not one who is actually thinking more or less the patient.
On the other hand, the pediatrician we have gotten surrounded by with is amazing. My daugher spiked 104 temp last night, get it down with advil, went up again. Called the pediatrician at noon, we have been seen, and had the results of her nasal swab by 2:30. I find it frozen to imagine what can be improved on that.
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