Because, according to Josh Umbehr, MD, and his two partners, in the Atlas Concierge Medical Group in Wichita, Kansas, all three concierge physicians, all three in their early 30’s, are saying other primary care physicians , who are adopting and switching to concierge/direct pay practices independent of 3rd parties (government and insurers), are precisely following this innovation adoption curve.
For whom does the bell toll? Umbehr says the bell tolls for concierge medicine.
Josh and his medical partners are crisscrossing the country talking to physician groups and associations, including the American Association of Physicians and Surgeons and the American Academy of Family Physicians, about their predictions. They are finding receptive audiences. They point out that direct pay practices dramatically reduce the need for staff, cut overhead, increase incomes, and enhance satisfaction of patients and participating physicians.
The analysis revealed the following results:
- Nearly 70% of current U.S. concierge medicine and direct primary care physicians operating practices today are internal medicine specialists.
- The second most popular medical specialty in concierge medicine is family practice.
- A surprising finding in this study was the increasing number of concierge cardiology,
- The combined average annual income of a typical concierge medicine [and direct care] patient is between $50,000 to $200,000 per year.
- Average annual compensation/salary of concierge doctor is between $100,000 and $300,000 per year.
- The typical age of concierge doctor is between 40-59 years of age.
- 77% of a concierge [and direct primary care] patients are between the age of 40-59 years old.
- A concierge medicine doctor who provides 24/7 cell phone access receives the majority (83%) of phone calls from their patients during normal business hours, Monday thru Friday.
- 62% of direct care and concierge medical offices employ between 1-2 office employees.
- The most common reason why patients using concierge medicine call their doctor: Prescription Renewals (38%); Cold/Flu Symptoms (19%); Back Pain (14%); and Headaches (13%).
- Most concierge doctors and direct primary care physicians treat six to eight patients per day.
- More than 70% of concierge [and direct primary care] doctors will visit with their patients between 30-60 minutes per office visit, enough time to discuss case history, examination, other symptoms, treatment options and strategy for care.
- Patients using concierge medicine [and direct primary care] comply with scripts and recommendations far more due to the doctor’s routine personal follow-up with the patients and explaining the importance of compliance and other treatment options.