“Although Concierge Medicine started out as a concept for the affluent nearly 20 years ago, over time, the movement has taken a clearly middle-class turn and a lot of people don’t recognize that,” says the Editor of Concierge Medicine Today, the industry’s healthcare trade publication. “Today, we can see impressions of old-fashioned medical care where a doctor carries a medical bag into your home or visits you when you’re in the hospital because it’s simply the right thing to do. In the past several years, we’ve observed that there are countless people (i.e. prospective patients) searching for these types of doctors every day because their current plan reimbursed, traditional doctor’s office isn’t providing the level of time, attentiveness and relationship they desire from their doctor. The average consumer today no longer equates concierge medicine with only the affluent. From the mid 1990’s to present day, Concierge Medicine has matured into countless less expensive and affordable subscription-based healthcare delivery service variations within our local communities. Annual fees today in most concierge medicine practice environments simply reflect the level of personal attention and service that a doctor provides and noticeably, patients are deciding to make a personal investment in their own healthcare. It’s no longer about being the best Doctor in world, it’s about being the best Doctor FOR the world, FOR your patients and FOR your local community.”

~Editor-in-Chief, Concierge Medicine Today, Spring 2025

According to industry sources from within the Concierge Medicine space, Concierge Medicine Today reports that today there are an estimated 7,000 to 22,000 private medicine physicians nationally. Why the numbers conundrum? Well, since concierge medicine is a business model, not a medical specialty and there is no federal registry or official national database of these physicians with verifiable numbers, the industry’s trade publication Editor-in-Chief notes that it can be difficult to accurately estimate a precise figure. It should be also noted that these figures still only represent a minute percentage of the roughly 1,061,141 total licensed physicians* in the U.S., [Source: Kaiser Family Foundation; January 2022] that actively practice medicine today. Industry experts and observers tell Concierge Medicine Today that growth in the provision of subscription private medicine services has been primarily in internal medicine and family medicine, although specialty physician participation is on the rise. Concierge Medicine Today also cautions that there is no way that Internet searches and polling on the Internet can or will result in an accurate head count of these subscription-based business model physicians. Therefore, it is left up to industry examiners, physicians and thought leaders in the space, to accurately estimate and educate others about the history and future of this private medical space.

According to Concierge Medicine Today, long-term data on these particular subscription-based Patients is still being compiled. Further analysis is encouraged and supported by marketplace consultants and physicians. More data to support these common observations should be analyzed and published. Based upon observation of these trends year after year, these [Concierge] practices are reporting levels or percentages at or exceeding traditional primary care and family practice patient retention and care expectations.

Source: Kaiser Family Foundation; January 2022; Total Professionally Active Physicians in the United States; Data includes currently active allopathic physicians (MDs) and osteopathic physicians (DOs).

"Concierge Medicine practices and programs today are typically known for their focus on prevention and have often curated strong relationships between Patients and the Physician and Patient and the staff. So in essence, staff and Doctors don’t usually have to look at a medical chart to remember your name."

~Editor-in-Chief, Concierge Medicine Today

"Healthcare is a process to be sure, but the patient should never feel processed. More often than not, concierge medicine practices have reduced patient panels of 225-550 to that compared to the traditional, plan reimbursed practices which usually boast 2,500-5,000."

~Editor-in-Chief, Concierge Medicine Today

In an article by HealthTech written by Brian Eastwood in December of 2022, Grand View Research estimates that the concierge medicine market will grow more than 10 percent annually each year until 2030. The consultancy cites several factors, including a continued increase in patient volume that started during the pandemic, greater financial stability due to limited reliance on insurance reimbursement, and improved quality of life for physicians.[1]

However, the industry’s trade publication, Concierge Medicine Today, has a slightly more conservative estimate of 6-7% growth rate year over year, based on industry observations, physician interviews and experts’ outlook.

References & Citations: HealthTech; Article, What is Concierge Medicine? How Does it Improve Outcomes?; Written by Brian Eastwood; December 27, 2022; https://healthtechmagazine.net/article/2022/12/concierge-medicine-creates-better-patient-outcomes-perfcon

According to Precedence Research, a worldwide market research and consulting organization in December of 2023 in a press release published on Globe Newswire, the U.S. concierge medicine market size accounted for USD 6,633.91 billion in 2023 and grew to USD 6,958.51 million in 2024, expanding at a CAGR of 5.70% between 2023 and 2032.[1] The press release by Precedence Research also said the global concierge medicine market size is projected to surpass USD 34.27 billion by 2032, increasing from USD 19.12 billion in 2023 and is expanding at a CAGR of 6.7% from 2023 to 2032.[1] To read the entire press release, click here.

Citations & References

1. U.S. Concierge Medicine Market Size to Reach USD 10,925.29 Mn by 2032; December 20, 2023 11:20 ET; Source: Precedence Research; https://www.globenewswire.com/en/news-release/2023/12/20/2799479/0/en/U-S-Concierge-Medicine-Market-Size-to-Reach-USD-10-925-29-Mn-by-2032.html

~Editor-in-Chief, Concierge Medicine Today

~Editor-in-Chief, Concierge Medicine Today

~Editor-in-Chief, Concierge Medicine Today

~Editor-in-Chief, Concierge Medicine Today

CMT Online Poll: 10 Years After Opening Your Concierge Practice, Would You Say That You Are More or Less Satisfied Than Practicing In A Traditional, Plan Re mbursed PractMce Model?

Polling Results: According to Concierge Medicine Today, LLC, the industry trade publication, the polling answers found that 95% of Physicians said "Yes!"

The most notable thing about concierge medicine in the past several years is career satisfaction in concierge medicine online polling. Career satisfaction in concierge medicine remains extremely high given the practices are now focused on prevention and have and that their personal and professional decision to practice in Concierge Medicine is a satisfying and rewarding choice.

FOR EXAMPLE, According to Concierge Medicine Today, LLC, the industry trade publication, the polling answers found that 95% of Physicians said "Yes!" Multiple industry sources have reported these stories, which are also cited here.[1] For example, according to a news release published by Yahoo! Finance on November 27, 2024, it stated that … The two most rewarding aspects of converting to concierge medicine were additional time to develop relationships with patients (90%), and a better work-life balance with personal and family time (65%).[2]

Citations & References

1. Physicians and Patients Report Overwhelming Satisfaction with Concierge Medicine, According to Specialdocs Research; Press Release by Specialdocs Consultants; 08 Nov, 2019, 08:00 ET; https://www.prnewswire.com/news-releases/physicians-and-patients-report-overwhelming-satisfaction-with-concierge-medicine-according-to-specialdocs-research-300954527.html

2. Thankful for Change: Concierge Physicians Grateful to Practice Medicine Their Way, According to New Survey from Specialdocs; Specialdocs Consultants; November 27, 2023; https://finance.yahoo.com/news/thankful-change-concierge-physicians-grateful-191500896.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAF9XryYaekBZaBgGwOvVXsbdpm4-wK8OfIuB55mLIMIQ53en1pFp76xlCYIhRSDsWf0VY_aDgPB_mCKAnkXIWQct6r3xaFBrv3l7TyOv0PbZgmrmIEBlNQR7mMBTa2zTE1xrXo9JG1eDexe-XzxL2q88C-tSk7LIeax4nEQzUzM

Healthcare is burning out Patients and Physicians. A lot of time, money, and energy is spent on creating conversations around the solutions and thoughts around Physician burnout. Conversely, we all forget that patients are getting frustrated and tired and seeking new ways to connect with a trusted doctor.

Enter Concierge Medicine.

As trust between patients and physicians has eroded over the years[1], a focus on hospitality in healthcare, prevention, and customer service is welcomed by Patients and Physicians alike[2]. Typically, a robust preventative side and customer service focus is discovered inside concierge medicine practices that put the Patient first and at the center of the conversation.

Concierge Medicine practices have become quite normal and far more popular in the past ten to twenty years. This is primarily due to the mainly middle-class and upper-middle-class suburban and metropolitan physician practices opening in these areas and the surrounding communities joining them that desire a more preventive care and hospitality-oriented practice culture.

More often than not, concierge medicine practices have reduced patient panels of 225-550 compared to the traditional, plan-reimbursed practices, which usually boast 2,500-5,000 [3].

Today, in 2024, according to Concierge Medicine Today, LLC., polling 300 Concierge Medicine Physician readers at its online trade publication, a listing of the top six areas practicing within the business model from 2014-2024 who indicated they currently practice within a Concierge Medicine model do so in the following specialties:

Family Medicine: 38%

Internal Medicine: 32%

Osteopathic Physician: 9%

Cardiology: 8%

Nephrology: 3%

Pediatric: 3%

Citations & References

1. Patient Trust in Clinician, Public Health Expert Credibility an Uphill Battle; April 24, 2023; By Sara Heath; https://patientengagementhit.com/news/patient-trust-in-clinician-public-health-expert-credibility-an-uphill-battle

2. Improving Patient-Doctor Communication; Published October 23, 2023; By Stephanie Desmon; Mary Catherine Beach, MD, MPH, a professor in the Department of Health, Behavior and Society and at the Johns Hopkins School of Medicine; https://publichealth.jhu.edu/2023/when-patients-dont-feel-heard-by-their-doctor

3. October 19-21, 2023; Atlanta, GA USA; Concierge Medicine Forum, annual industry conference.