Concierge medicine is a phenomenon that was once reserved for the wealthiest citizens. However, hospitals around the country are beginning to embrace this medical practice technique to give their patients better treatment and individualized care. While you might not be able to call for an emergency helicopter come get you during a blizzard, local hospitals may begin offering uniquely customized services to the public.
The Retainer Fee Option
Typically, paying for medical costs from standard check-ups to important surgeries involves health insurance premiums and copays. However, wealthy citizens have forgone this normal notion of health insurance in favor of a retainer model. Essentially, they may an annual fee to have unlimited and responsive access to their doctors. In most cases, the care received is more personalized if not outright better quality.
Now, while the wealthy can afford costly retainers without the worry of monthly health insurance payments, many average citizens have different financial mindsets. For the hospital adaptation of concierge medicine, patients may find their insurance will cover some or all of their retainer fee. However, the trend of hospitals adopting concierge medicine is still relatively new, so payment norms and standards may vary.
Tele-medicine is exactly what it sounds like. Imagine video chatting or instant messaging your doctor. You can have direct access to your doctor without leaving your home or even if you’re out of the region. Using existing medical database technology, your doctor can remain up-to-date on your health and needs and provide sound medical treatment from a distance.
In many hospitals around the globe, there is an issue with wait times and limited attention due to overflowing patients. Tele-medicine can maximize time and allow patients to easily access their doctors when needed. Essentially, tele-medicine is this generation’s answer to the traditional house call. Now, reaching distant or rural communities may only require an Internet connection instead of a long drive and gallons of gas.
Longer Consultations, Better Care
What is one of the most convincing elements of concierge medicine? Doctors and physicians can spend more time with a patient, which is known to lead to better medical treatment. With a longer consultation, doctors have the time to learn more about a patient’s unique needs and understand the issue at hand. With more accurate information, medical professionals can develop more effective treatment plans for their patients.
Additionally, the concierge model of medicine is known to eliminate some of the financial stress on physicals and medical professionals. Hospitals aren’t necessarily known for being the most financially sound institutions, but the concierge model may bring financial stability and greater access to cutting edge medical technology.
Comprehensive Longevity Plans
Did you know that having a net worth of $10 to $30 million is considered less affluent? Well in those “less affluent” circles, comprehensive longevity plans help them cover medical costs even they can’t afford. These plans help them manage their wealth so they have enough to fully exhaust all medical options in the future. For instance, a citizen might want need extensive physical therapy after a stroke or restore their cartilage to its former glory with stem cells.
To dial back the scope, think of the plans as a retirement fund for any possible medical issues you may have or other procedures you may want. If you plan to live until you’re 150, this plan will make sure you can pay for your vitamins!
From unmated medical treatment to financial stability, hospitals across the country stand to gain from the incorporation of concierge medicine. Perhaps the most pressing question is can a private medical method be applied to public institutions? Only time will tell, but the signs are certainly hopeful.