IS YOUR PRACTICE EVERYTHING YOU DREAMED IT COULD BE?
Are you earning the kind of money you thought you would?
…or has your take-home pay leveled off or even declined?
Are you providing the very best care to your patients?
…or have you (and your patients) become a victim of time constraints and insurance practices?
Are you preparing for a comfortable retirement?
…or will you be working a few extra years, not because you want to, but because you have to?
Do you have enough time for personal and family life?
…or has your practice taken over your life?
IF YOU ANSWERED “NO” TO ANY OF THESE QUESTIONS,
YOU ARE NOT ALONE.
According to a 2012 survey by The Physicians Foundation...
64% of primary care physicians have a negative impression of their profession today
72% believe things are getting worse
And it’s taking its toll on the physicians themselves
In a 2014 Mayo Clinic survey, over half of U.S. doctors experienced at least one symptom of burnout. That’s a 17% increase in just three years!
It’s no surprise why. Primary care physicians are working an average of 51 hours a week with over 30% of their time spent on non-clinical activities. They’re seeing 19 patients a day for about 20 minutes each – barely enough time to address the patient’s most pressing issues. Average income is under $200,000 a year, the lowest in the medical profession, and they have no plan for retirement.
It’s not your fault – the system is broken.
Medscape recently reported that in a traditional practice, primary care providers would need to have about 2,500 patients and see 24-25 per day to maintain an income of even $175,000. And with 2,500 patients, it would take 108 hours a week for a physician to provide all recommended acute, chronic and preventive care.
Not only is the current model not meeting the needs of doctors or patients – it can’t!
♥ Concierge Medicine is the start of the solution.
The basic concierge model is simple
INCOME
Patients pay a monthly, quarterly or annual membership fee, which covers many of the common services provided by the physician in the office.
MORE TIME
The physician cares for far fewer patients (typically 60-80% fewer). This allows them to provide on-time appointments, longer office visits (typically 30 minutes), more in-depth proactive care, and a better patient experience.
BUILDING RELATIONSHIPS
The emphasis is on building a personal relationship between patient and physician, rather than merely a transactional one.
The model has been well proven to provide better care and reduce healthcare costs overall. Patients in a personalized healthcare program visit the hospital 72% less, take 50% less prescription medications, miss 27% less work, manage chronic conditions better, and save money – an average of $2,551 per year due to decreased hospitalizations. That’s less than the typical cost of an annual membership.
PersonalMD completes the solution.
The concept of concierge medicine may be simple, but in practice, it presents many challenges for the physician, such as effectively transitioning enough patients to the new model; possibly reducing personnel; retraining staff; retaining patients and acquiring new ones; increasing income without sacrificing quality of care; planning for retirement; and creating a “wow” experience for their patients.
That’s where PersonalMD comes in.
PMD’s practice model includes:
…at less than the average cost savings from reduced hospitalization and medication.
… establishes the baseline for preventive care.
Video consults and electronic transmission of basic vitals offer convenience to both physician and patient. Combined with office visits and an ongoing personal relationship between patient and physician, our telemedicine program allows our doctors to provide services that can’t be performed within telemedicine-only offerings.
A state-of-the-art assessment that incorporates a comprehensive lab panel and patient responses to a detailed health questionnaire. The program is a system of over 4,000 rules that employ a systems biology approach to assess the patient’s organ function and overall vitality. Individualized reports break down complex health issues, organizing them in a way that allows healthcare professionals and their patients to understand and gain insight into their current health.
Members receive personalized educational material based on their metabolic profile, a monthly newsletter, free seminars, and access to whitepapers on a variety of healthcare topics.
We provide guidance and resources for offering supplemental treatments and programs, such as Micronutrient Testing (MNT), hormone therapy, weight loss, age management, and more.
…approximately 50% higher than in the typical concierge program, without sacrificing quality of care, due to our telemedicine and personalized education programs.
Our goal is to make patients have a “Wow!” experience – longer, on-time office visits, a more pleasant office setting, better access to their doctor, and improved, more engaging interactions with their clinician who now has the tools and time to enhance patient vitality at every stage of life.
The key to the success of our clients is the support we provide
as they convert and build successful practices, including:
We help transition your practice with a personalized patient letter, an online survey explaining the advantages of personalized healthcare, and a dedicated on-site Conversion Specialist.
PMD University provides in-depth training to office staff on how to talk to existing patients to convert them to concierge care. Staff is also trained on changes to their daily routine and overall approach to patient services in the new practice model.
We utilize an integrated marketing program, including referral programs, newsletters, personalized email, seminars, web and social media, to cover natural turnover in the practice.
We provide extensive business support, including proven practice-management programs and tools; access to a network of professionals experienced with personalized healthcare; assistance in building and maintaining individual practice websites; and assistance with any management challenges that might arise.
We handle all membership fee billing and collection activities.