Concierge Choice Physicians is the leader in helping physicians transition to full-model or hybrid concierge practices.
Selecting the practice model best for you and your patients depends on a variety of factors and your own personal and professional goals.
Here is some information on practice options to help guide you to a decision.
Hybrid Concierge Practice
In the hybrid model, you will continue to maintain your traditional practice while devoting a small portion of your daily practice time to members of the concierge program (usually 50 to 150 members).
During program hours you only schedule one or two patients per hour. Not only do you have more time for an expanded set of services revolving around a comprehensive annual screening physical, but you have more time to coordinate their care, stay in contact with patients, to encourage compliance, to return phone calls and to know and understand your patient. It also gives you a professional experience that is unhurried, adding to your quality of life.
 | Concierge appointments are often available same day or next day. Member physicals are scheduled for one hour or more. |
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Members are given a separate phone number to schedule appointments and to reach you and your staff during regular office hours; and they are given your cell phone number to be able to reach you in case of emergencies. |
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The hybrid program works well in solo practices or multiple physician groups, where one or more physicians may participate. It maintains the benefits of group practice and is compatible with practices that have ancillary income. |
What makes the hybrid program so appealing?
It allows you to continue to see existing patients, thus reducing the risk and stress on you and providing real choices to patients.
Insurance companies have accepted the hybrid model because it does not disenfranchise patients.
As a result you can continue to participate in plans and government programs as you have in the past. Hybrid programs do not eliminate the role of Nurse Practitioners or other extenders as do most full concierge programs.
Most importantly, the hybrid has no economic downside.
You invest nothing and can leave at any time.
Should you choose to grow the program, you can only further enhance your practice revenue.
Full Concierge
In a full concierge model, you reduce the entire practice size to a patient base of 200 to around 600 members. Your remaining traditional patients are transitioned to another provider either in your practice or outside of your practice.
Patients receive all the benefits of a hybrid program. Your entire schedule is based on seeing one or two patients an hour. This type of program is well suited to practices in an above average economic environment where there is a strong relationship established between you and the patients. The age demographic in a full model tends to be generally older patients who are interested in investing in their health by enhancing their relationship with you and devoting more time to managing their health with you as their healthcare partner.
The benefits to the physician are an optimal environment to practice, no need for large numbers of staff, and a consistent predictable revenue stream that makes for an ideal practice.
The challenge is that not all practices can support a full model, while many can support a hybrid model. However, there is the potential for considerable success. The top practice revenues of full concierge programs can exceed one million dollars. The full model has been a choice of many physicians considering retirement and those who wish to devote more time to their families and their own lives and other interests.
Transitional Models
A hybrid model inherently generates a membership that is much smaller than in a full model approach. However, economically, it can be more beneficial to the practice. When a physician is suited to go into a full model but elects for various reasons to go into a hybrid model, the opportunity still exists to further transition into a full model. Concierge Choice Physicians can set up a program to continue the transition to a full model when the time is right for you. This can occur at any time after the start of the hybrid program, but requires special marketing activities to make the transition successful for you and your patients who do not participate.
