The Concierge Medicine Research Collective recently conducted a survey to find out what is the makeup of a concierge practice. Here are the results.
People age 50 and older make up an increasing share of patients at most concierge practices, according to a survey by the Concierge Medicine Research Collective. As a result, concierge practices tend to be concentrated in states with higher populations of older adults, including Florida and California. The analysis also found that the majority of practices saw revenues steadily improve between 2009 and 2013.
Other findings from the survey included:
• Just over 70 percent of all concierge medicine and direct primary-care physicians are doing "better" financially in 2013 than in 2008, while 24 percent indicated "no change" and 13 percent indicated they were doing "worse."
• Nearly 70 percent of current U.S. concierge medicine and direct primary-care physicians are internal medicine specialists. The second most popular specialty is family practice.
• The combined average annual income of a typical concierge medicine and direct-care patient is between $50,000 and $200,000 per year.
• The average annual compensation/salary of a concierge doctor is between $100,000 and $300,000 per year.
• The typical age of a concierge doctor is between 40 years old and 59 years old.
• A concierge medicine doctor who provides 24/7 cell phone access receives the majority (83 percent) of phone calls from patients during normal business hours, Monday through Friday.
• Most concierge doctors and direct primary-care physicians treat six to eight patients per day.
• More than 70 percent of concierge and direct primary-care doctors spend between 30 minutes to 60 minutes per office visit.