According to The Concierge Medicine Research Collective, July 2011, physicians considering a successful move into a concierge medicine practice should have a patient panel of at least 1,800 patients that they’ve seen within the last 24 months. They also recommend that a minimum of 15 patients per day are seen across a 4-day period as the current number that your practice is routinely seeing prior to making a transition into concierge medicine.
MARRIED or UNMARRIED?
Many physicians and their spouses work together in the same office. The Collective (April 2011), found in the practices surveyed and interviewed that changing your business model requires the joint agreement of both spouses, whether they work together or not. If your spouse is not in agreement with the change, a transition to a concierge medical practice is not recommended.
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According to Concierge Medicine Today (CMT), Summer 2011, while over 63% of current concierge medical programs cost less than $135 per month, the socio-economic profile of patients in successful concierge medicine practices typically consists of middle class / affluent individuals and families.
AGE RANGE of CURRENT PATIENTS.
According to industry consultants, more than 50% of your current patient-base (last 24 months) should be 40+ in order to start, sustain and grow a successful concierge medicine practice in the future. (Source: CMT, Spring 2011)
The most successful concierge medical practices are the ones that communicate regularly with the majority (if not all) of their patients on a routine basis that makes their customer (I.e. patient) feel like the doctor is reaching out and maintaining a connection. It doesn’t have to be face-to-face either. Many times, a simple text, Skype visit or phone call wi