subscribe
back issues
reprints
contact us
Wealth in Perspective
Wealth Management
Thought Leaders
Money and Meaning
Passion Investments
Wealth Management Sourcebook
Multifamily Office 2008
Previous Issues Index
/ Home / Editorial / Money & Meaning / Family Matters /
Feature
Concierge Medicine
Suzanne McGee
07/01/2005

Alternately, concierge patients are pampered. Doctors promise to work themselves around a patient’s schedule, rather than vice versa, promising on-call visits or same- or next-day appointments. Those seeking privacy and confidentiality are enamored of the idea of secure, discreet offices. Renovated waiting rooms boast juice bars and comfortable sofas on which family members can relax. Patients who have cardiac stress tests can shower in spa-like bathrooms before returning to work. Every patient receives the personal doctor’s home, office and cell phone numbers.

Howard Maron is the physician credited with creating the concept of concierge care. “The ‘Highly Attentive’ Approach” . While serving as team physician for the NBA’s Seattle Supersonics, he began to wonder how to provide the same kind of personalized care he gave to the athletes on the road and at home, at all hours of the day and night. “A team owner can’t afford for the star players to sit on the sidelines, so a team physician is trained to detect problems before they even occur,” says Jon Moses, a veteran health care administrator recruited by Maron to serve as chief executive of his new venture, Seattle-based MD2.

At practices in Washington and Oregon, MD2 physicians care for a maximum of 50 families each, or 100 families in each two-person practice. Fees run $13,200 per year for an individual, $20,000 for a couple and an additional $2,000 for each child. “These [services] are for people who say, ‘There is a price for good care, and I’m willing to pay it,’” Moses notes.

I can’t offer my patients dramatic new technologies, but I can, and do, give them the kind of old-line service that has vanished from the rest of the health care system.
Moses and Maron say their patients (clients, as Moses calls them) receive not just superlative service, but also better health care. “Our doctors have the time to devote to their patients and become their confidant, their advocate, their friend,” Moses says. “This translates into a better quality of care, by far.” He is convinced that had he and his wife been MD2 patients several years ago, physicians would have been quicker to diagnose her cancer, which is now in remission. “It’s too easy to delay or miss diagnoses if you don’t know a patient intimately,” he says.

According to Connolly, concierge practices can handle this type of preventive care and wellness service more effectively, and may be able to better identify recurring issues, ranging from strep infections to depression. “That’s the kind of detailed attention that our wealthiest citizens have sought from the health care system, but that really has become harder to find,” he says.

To date, however, the only thing that can be said with certainty is that concierge care saves time and offers more personalized care in comfortable, even luxurious, surroundings. No studies have been completed showing that a doctor spending more time with a patient, or having a smaller patient load, lengthens patient lifespan or ensures that cancers or other maladies are diagnosed earlier or treated more effectively. Behind the marketing hoopla, even the staunchest proponents of concierge care admit that no one knows whether all this cosseting and these accoutrements ultimately result in better medical care. “I don’t think my level of knowledge is any different from a good doctor at a regular practice,” Katzman says. “But while I can’t tell you that people live longer, the quality of their life is better. They know if something comes up, it will be addressed in a timely way.”

Patients assessing the value of concierge medicine must consider some risk factors associated with this model. One of the most common points highlighted by concierge critics concerns whether primary care physicians convert their practices to concierge services because they truly want to offer better care, or because they want to change their business model to focus on high-end patients while eschewing paperwork. Manhattan internal medicine specialist Christopher Barley, who contemplated and rejected the idea of transforming his practice into a retainer-based service, casts a critical eye. “With a lot of doctors who opt for retainer-based practices, you see them make this choice for lifestyle reasons,” he says.

1 | 2 | 3 | >>
Printer Friendly Version  Email a Friend


Related Articles
» Principles in Practice: The Ethics of Concierge Medicine
» Heal Thyself
» Astral Projections
» All Access?
» Today’s Doctors Less Charitable
 
Get a FREE ISSUE and a FREE GIFT

Simply fill out this form to receive a complimentary issue of Worth and a FREE gift ("The top 25 Questions for Your Private Banker"). If you like the magazine, you’ll pay just $36 for 5 more issues (6 in all). If it’s not for you, you can return your invoice marked "cancel", and owe nothing. The FREE issue and FREE gift are yours to keep.
Name
Address
Canadian orders click here
International orders click here

Unsubscribe from subscription emails click here
 



Family Office Wealth Conference