Medical Practice Business Transformation - Concierge Practice (Part 1 of 4)

(Find out if it comes into your crosshairs, doctor.)government to even take on a legal business
Our resistance to change of medical businessstructure approved by the government.
strategies isn't the only problem. But, it may beA physician has the business advantage of using
the biggest one. You'll have to admit escaping theincorporation, LLC, partnership or other business
sharp edge of the government sword is acomponents. Our government supports concierge
tribulation of serious consequence for your family,practice, at least the business side of medical
your career, and your expectations in life. It'spractice.
clearly evident that sooner or later everyAs an indication of the distaste (maybe there's a
physician in the private practice of medicine in thisbetter word) organized medicine leadership
country will find themselves cornered byappears to have for concierge medical practice is
governmental fee restrictions, increasing medicalquite obvious. The AMA, American Medical
practice rules and regulations, personal lack ofAssociation, which for years has kept
fulfillment, demoralizing financial constipation,contemporaneous records of professional medical
among others.services and physician activity, has yet to see fit
For most physicians and other health careto recognize concierge medicine as worthy of
providers who prefer to remain in control of theirrecord keeping, and, by doing so avoids legitimizing
own business goal objectives, their goalthat practice method in the eyes of everyone.
worksheet will require new business strategies.The media also dwells on the negative side of
The need for a medical small business focus evenconcierge practice by articles focusing on how so
a life career change which offers you amany concierge physicians practices fail-financially.
satisfactory path towards your ambitions in life, isWhat does your own specialty college tell you
part of an overall implementation of a uniqueabout concierge medicine? If they can connect it
medical business development strategy outside ofto some ethical or moral issue, they'll bring that to
governmental control. Could that be...oh no...don'tyour attention-otherwise they are usually silent.
say it...concierge practice (also called boutique orNow that we have a socialized mandate for
retainer practice)?medical practice in law, one would think that the
Definition: It's a private medical practice in which aoption physicians have for private practice survival
physician(s) intentionally devotes much greaterin this environment is logically towards the
time to each individual patient's care and needs, isestablishment of concierge medical practices. The
able to provide a patient with a higher quality ofonly practical alternative to concierge practice is
healthcare and service which extended time withfor private physicians to become extensively
the patient allows, and a medical care providedinvolved in establishing a business system in their
with patient convenience and optimum health inpractices comparable to other successful
mind.businesses (most physicians today do not know
Now, I did it! I exposed your mind to a rag-tagwhat that is).
fringe of medical practice. You must agree thatBeyond that, physicians will be forced to learn and
most physicians consider boutique medical practiceimplement effective marketing strategies for their
a last resort, a modification of a career path waybusiness success and financial survival. Can you
too extreme to consider, and is frequentlyvisualize your future in medicine?
thought of as a losing game. Increasing reports ofThese facts and statistics may improve your
successful concierge practices pop-up occasionallyconcierge practice outlook:
in the media, usually in the primary care physician'sA truly entrepreneurial physician mindset to
turf.achieve goals is already branded into your brain
Concierge Medicine is also known as direct care,and personality-otherwise you wouldn't be a
membership medicine, boutique medicine,physician or reading this today. Think about it.
retainer-based medicine, concierge health care,Were you already taking a risk when you thought
cash only practice, direct primary care, and directyou could get into medical school? There... you
practice medicine.just stepped outside of your comfort zone...right?
The fact that concierge practice has so manyAnyone who has a creative mind open to
name labels brings this infrequently subscribed topossibilities can visualize future pictures of them
method of medical practice into the medical arenaself as a success and is willing to work outside
dominated by the professional medical hierarchytheir own comfort zone, is a true entrepreneur. In
who by their empowerment are able to neglect,that special environment, you will be amazed at
squelch, brow-beat, and disregard this method ofwhat your brain can do for you at light-speed.
practice.Under the keyword "concierge medical practice"
They do this not because concierge physiciansGoogle search spits out 726,000 references, so
aren't highly qualified and trained medical doctorsthere must be a bit of interest about the topic.
who abide by every professional standard, butVIP/Concierge Medical Practice, a prominent
because of the business system entrenched inteaching and training organization for concierge
concierge practices. What is it about medicalhealth care professionals, reports that there are
practice business methods that they dislike?over 800 concierge medical practices in the USA
Is it illegal or unethical in the real business world toand they expect that number to rise significantly
ask for cash for services? Is medical practice inin view of the increasing numbers of patients
fact a recognized small business entity, survivesfrustrated and disappointed with the delivery of
only because of business principles, and allows amedical care as it is presently.
vendor in any business to charge what theirAnd, patient frustrations are not just with the
services are worth in their own view? As aprivate practice doctors, but also the HMO's and
business, medical practice is permitted by ourPPO's.