Physician practices that charge membership or retainer fees and provide enhanced services or amenities are referred to as concierge care or retainer-based medicine.
Primary Care Physicians have been increasingly frustrated by the shrinking reimbursements paid to them by insurance companies. Cuts in the Medicare reimbursement continue to drop each year. Physicians are unable to provide the quality of care they feel their patients deserve. In order to keep up with the cost of running a practice, their only solution is to see more patients.
Concierge Medicine allows the physician to limit her practice to a manageable volume of patients. The patients are afforded more time with the physician and a higher level of service (such as home visits, 24 phone access, and advocacy with other providers).
With a smaller panel of patients and premiere services, the physician’s quality of life can be improved dramatically. He sees fewer patients, provides an exceptional quality of care to those patients, is reimbursed fairly for that care, and has business support through VantagePoint.
Our services include:
- Developing a pro-forma for a Concierge Practice
- Consultation with accountant and/or other advisors as necessary
- Assisting with legal expertise necessary to insure that practice handles current patient population appropriately (notifying patients)
- Assisting with contacting third party payers to determine continued participation and/or termination
- Assisting with decision-making regarding participation (pros and cons) with government payers
- Transitioning existing staff and/or assist with hiring new staff
- Developing service lines; fee schedules
- Developing and managing marketing efforts
- Installing EMR and Practice Management System, if necessary
- Managing or making recommendations related to accounts receivable, accounts payable, payroll
- Assisting in development of relationships with other providers and specialists
- Assisting with site development if necessary
- Developing and maintaining a Compliance Program
All services can be offered on a consulting basis or as a “turn-key” solution to insure that the physician has the support necessary to convert to and maintain a viable Concierge Practice.