For physicians considering a shift to membership medicine, the decision can feel daunting. Concierge Choice Physicians (CCP) uses a data-driven approach that helps physicians make informed decisions about transitioning to a membership-based model—ensuring they understand the potential benefits and challenges before taking the plunge.
Is Membership Medicine Right for You? Membership models have come a long way since their inception 25 years ago. Initially, physicians had to adopt a full concierge model, where all the patients in the practice joined as members or had to leave and find a new doctor. CCP changed that 20 years ago when we pioneered the “hybrid model” of concierge medicine, allowing physicians to blend concierge service with their traditional practice. This opened up opportunities for a much wider array of physicians and their patients to benefit from membership medicine. Today, CCP continues to specialize in the implementation of a full range of membership models, including hybrid, full model and transitional programs. Using our proprietary research and data-driven analysis, we collaborate with each physician to further customize a model to meet their goals and needs. Matching Physicians to the Right Concierge Model Generally speaking, there are two main concierge medicine models that can help set some initial stakes in the ground: Classic, Full Model Programs: This is an ideal choice for physicians with large patient panels, those who wish to slow down their pace, doctors who are interested in transitioning closer toward retirement, and any doctor (including specialists) who sees patients on an ongoing basis. Blended Hybrid Programs: This model significantly broadens the playing field. The flexible nature of the program works well for physicians with smaller practices or doctors who are risk-averse and may prefer to take smaller steps toward membership medicine. It also works well for physicians who want the income boost that comes from concierge medicine, but don’t want to dismiss existing patients. The Role of Data in Predicting Success It’s essential that physicians have access to reliable, predictive information to help them understand their options. Patient demographics are only part of the picture. CCP’s proprietary research goes much further. We conduct an in-depth analysis of the practice’s patient data, examining various factors such as the number of active patients, the frequency of visits, and, perhaps most importantly, what patients actually think of their physician. Understanding patient loyalty is crucial. For example, CCP surveys patients to gauge satisfaction and engagement, helping to predict the level of success with each model. These insights have often surprised physicians. We’ve had clients with small practices who were certain they couldn’t support a full model, however, our analysis indicated deep patient loyalty and strong patient support for the program. Similarly, we worked with a specialist who was skeptical about concierge medicine. After a thorough evaluation, our analysis predicted great success. Initially nervous about being one of the first in their industry to make such a leap, the physician chose to start with a hybrid model. After quickly selling out their hybrid program, as our analysis predicted, they transitioned to a successful full-model program. When the data tells a different story Sometimes, the data leads to unexpected conclusions. For example, the initial data from a large medical practice in a high-wealth area may seem perfect for a full model program. But upon further examination, the data might reveal issues—such as a younger patient demographic or patients who frequently switch between multiple providers—that suggest a more cautious, hybrid approach would be better initially. As the old saying goes, “Trust, but verify.” Many physicians come to us when they are at a crossroads in their career, faced with a big decision like whether to sell their practice or make a leap into concierge medicine. Even when the data strongly suggests a full model program will be successful, some physicians may prefer to start with a hybrid model. They want to be absolutely certain before making any decision that could limit their patient panel. The key is establishing trust in the data and the analysis. Our clients have spent their careers building their practices, and we want to ensure they have accurate information before making a major change. Getting Started with Concierge Medicine For physicians interested in exploring membership medicine, the process starts with a casual, no-obligation consultation with CCP’s physician development team. Together, we then move forward with HIPAA-compliant data evaluation, ensuring the highest level of security and confidentiality. With data-driven insights and an array of flexible models to choose from, CCP helps physicians navigate the complexities of membership medicine with confidence. Conclusion As membership medicine grows, CCP's data-driven approach—integrating demographic, survey, and performance data collected over two decades—provides physicians, medical groups, and health systems with the tools and insights needed to make informed decisions. Whether transitioning to a hybrid model or adopting a full concierge offering, physicians can trust that CCP's analysis will guide them toward the best path for their unique needs, with the flexibility to make adjustments as they go.
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ABout CCPFor almost 20 years, Concierge Choice Physicians has served as the largest provider of the full range of concierge programs available today – including the Hybrid Choice™, Transitional and the FullFLEX™ models. Archives
December 2024
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