Stories in Concierge Medicine You Missed This Week ... April 2024
Here are a few of the latest headlines media outlets have posted, written or have been talking about that are creating chatter and conversations about concierge medicine.
Concierge physician practices are trending. Here's why.
By Advisory Board, Posted on April 02, 2024 Updated on April 03, 2024Concierge physician practices have been around for more than two decades, Galewitz reports. These practices started up in areas like Boca Raton, Florida and La Jolla, California, and catered to wealthy retirees who were willing to pay more money for better access to physicians.READ MORE ...
Concierge Medicine Market is driven by Personalized Healthcare | Medium
By Sneha Biswal, Medium.com, April 20
The key driver of the concierge medicine market is the growing preference for personalized healthcare. With a focus on preventive care and lifestyle management along with treatment of illness, concierge medicine models provide customized solutions best suited for individual patient needs. This holistic patient-centric approach addresses the wider demand for value-based care and is driving increased adoption of concierge medicine practices worldwide. Physician shortages in traditional healthcare systems also contribute to the emergence of concierge medicine as an attractive alternate model.
SOURCE: https://medium.com/@sneha.cmi01/concierge-medicine-market-is-driven-by-personalized-healthcare-3fb2d1eefd38
Wednesday, April 3, 2024
Nonprofit Hospital Concierge Services and Tax Exemption Nondiscrimination Requirements
Credit, Law Professor Blogs Network, By The Nonprofit Blogger Named BelowTax law is full of examples of tax benefits conditioned on nondiscrimination rules. Not the sort of discrimination social science is most often concerned with. Discrimination favoring "top hats" on the job, that sort of thing. For example, otherwise nontaxable fringe benefits are taxed to highly compensated employees if they not offered generally to all other employees. Qualified deferred comp plans are all about nondiscrimination rules. That makes sense. Its a simple enough axiom that fiscal policy should not intentionally or unnecessarily favor people based on wealth.READ FULL BLOG POST ...SOURCE: https://lawprofessors.typepad.com/nonprofit/2024/04/nonprofit-hospital-nondiscrimination-requirements-concierge-services.html#google_vignette
Do VIP medical services damage efficiency? New evidence of medical institutions' total factor productivity using Chinese panel data
- PMID: 38328541
- PMCID: PMC10847260
- DOI: 10.3389/fpubh.2023.1261804
By Yang Y, Cheng M, Chen N, Yuan L, Wang Z. Do VIP medical services damage efficiency? New evidence of medical institutions' total factor productivity using Chinese panel data. Front Public Health. 2024 Jan 24;11:1261804. doi: 10.3389/fpubh.2023.1261804. PMID: 38328541; PMCID: PMC10847260.AbstractThis study examines the causal impact of very important person (VIP) medical services on hospital total factor productivity in Deyang, a prefectural-level city in western China, spanning the years 2015-2020. This aims to offer empirical evidence and policy recommendations for the implementation of VIP practices in the medical field. A secondary unbalanced panel dataset of 416 observations was collected from the annual reports of the Health Commission and 92 eligible medical institutions were included. This study utilized a two-stage strategy. First, the Global Malmquist index was used to calculate the total factor productivity and its decomposition terms for hospitals from 2015 to 2020. In the second stage, two-way fixed effects models and Tobit models were used to identify the relationship between VIP medical services and hospital efficiency; instrumental variables were used to solve potential endogeneity problems in the model. The results showed that VIP medical services had a significantly negative impact on medical institutions' efficiency. The technological advances and pure technical efficiency related to VIP medical care may help explain these negative impacts, which were heterogeneous across groups divided by the nature of the hospital and the outside environment. It is imperative to prioritize the standardized provision of VIP medical services for medical institutions, optimize management and service process, enhance the training of clinical and scientific research capabilities of medical personnel, and scientifically allocate resources for both VIP and general medical services. This will help mitigate health inequality while improving the overall quality of medical services.
- Citation: Yang Y, Cheng M, Chen N, Yuan L, Wang Z. Do VIP medical services damage efficiency? New evidence of medical institutions' total factor productivity using Chinese panel data. Front Public Health. 2024 Jan 24;11:1261804. doi: 10.3389/fpubh.2023.1261804. PMID: 38328541; PMCID: PMC10847260.
Concierge Medicine: Implications for Patient Satisfaction and Healthcare Staffing
Concierge and Direct Patient Care Models: Are They Compatible with Catholic Social Teaching?
By Zobieri K. Concierge and Direct Patient Care Models: Are They Compatible with Catholic Social Teaching? Health Prog. 2017 Jan-Feb;98(1):58-62. PMID: 30036017.Health Prog . 2017 Jan-Feb;98(1):58-62. Kimberly Zobieri PMID: 30036017AbstractConcierge medicine, sometimes called retainer medicine, is a model of care in which the patient directly pays the physician a yearly fee — averaging $1,800 — in exchange for enhanced services.1 A 2016 survey showed that 4 percent of U.S. physicians reported themselves as being in a concierge practice.2READ MORE ...SOURCE: https://pubmed.ncbi.nlm.nih.gov/30036017/
On resource allocation in health care: The case of concierge medicine (Journal of Health Economics;Volume 90, July 2023, 102776)
The study, “On Resource Allocation in Health Care: The Case of Concierge Medicine,” was published July 2023 in the Journal of Health Economics. Authors include Adam Leive, Guy David, and Molly Candon.By Journal of Health Economics; Volume 90; July 2023; 102776; doi: 10.1016/j.jhealeco.2023.102776. Epub 2023 Jun 1.
AbstractResource allocation generally involves a tension between efficiency and equity, particularly in health care. The growth in exclusive physician arrangements using non-linear prices is leading to consumer segmentation with theoretically ambiguous welfare implications. We study concierge medicine, in which physicians only provide care to patients paying a retainer fee. We find limited evidence of selection based on health and stronger evidence of selection based on income. Using a matching strategy that leverages the staggered adoption of concierge medicine, we find large spending increases and no average mortality effects for patients impacted by the switch to concierge medicine.READ MORE ...Citation
OPINION ‘Concierge medicine’ casts looming cloud over healthcare (Guest Opinion by Dr. Barry B. Perlman)
Source: By Dr. Barry B. Perlman; Syracuse.comIt’s ironic that on April 1, April Fool’s Day, I along with a thousand plus patients will lose access to our trusted internist. It’s not because he’s relocating, retiring or worse. It’s because he has elected to move into a “concierge” practice.
FIRST OPINION: Independent doctors like me are becoming an endangered species
SOURCE: STAT; By Paul Berggreen READ FULL STORY ...
Concierge Medicine Market to grow by USD 6.37 billion from 2023 to 2028, 5.98% CAGR- Technavio
NEW YORK, Feb. 19, 2024 /PRNewswire/ -- The concierge medicine market is expected to grow by USD 6.37 billion from 2023 to 2028. In addition, the momentum of the market will progress at a CAGR of 5.98% during the forecast period, according to Technavio Research. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.READ FULL PRESS RELEASE ...SOURCE: https://www.prnewswire.com/news-releases/concierge-medicine-market-to-grow-by-usd-6-37-billion-from-2023-to-2028--5-98-cagr--technavio-302063930.html
PENN LDI | Health Care Access & Coverage | Blog Post
Concierge Medicine Drives Higher Health Costs Without Extending Lives
Study Finds Primary Care Concierge Medicine Has Higher Costs and Equity Implications
September 18, 2023 By: Julia Hinckley, JD
READ MORE ...SOURCE: https://ldi.upenn.edu/our-work/research-updates/concierge-medicine-drives-higher-health-costs-without-extending-lives/
Concierge medicine helps Houston family on vacation
Hospitals Cash In on a Private Equity-Backed Trend: Concierge Physician Care
By Phil Galewitz; APRIL 1, 2024; KFF HEALTH NEWS ORIGINAL
Hospitals are increasingly stretching a velvet rope, offering “concierge service” to an affluent clientele. Critics say the practice exacerbates primary care shortages.READ FULL STORY ...
Rush Hinsdale Outpatient Center now open, offering primary, specialty and concierge medicine care
Source: Daily Herald, Suburban Chicago, Submitted by Nancy Difiore, April 7, 2024Rush has opened a new outpatient center in Hinsdale to expand care in Chicago’s western suburbs. Rush Hinsdale brings primary and specialty care to Hinsdale and surrounding communities — including reproductive endocrinology and infertility care. The center also offers lab services and dedicated parking.READ FULL STORY ...