|Headquarters||Boca Raton, FL, United States|
|at present 43 States and the District of Columbia.|
|Services||Primary care medicine|
MDVIP, Inc. is a network of physicians founded in Boca Raton, Florida in 2000. In June 2014 growth equity investor Summit Partners acquired the company from Procter & Gamble Company The company's physicians practice preventive medicine and personalized primary care medicine.
The national network consists of 700 physicians serving over 220,000 patients in 43 States and the District of Columbia. Each physician cares for up to 600 patients as opposed to the average 2,500-3,500 patients in a traditional primary care practice. MDVIP patients receive a comprehensive physical examination and follow-up wellness plan as well as electronic medical records and a personalized patient portal with focus on diet, exercise, doctor communication and more. The company states that additional patient benefits include acute care visits, same or next day availability, on-time appointments, 24/7 physician availability, and enhanced coordination of specialty care.
To supplement insurance reimbursements, MDVIP physicians charge patients an annual fee between $1500 and $1800 per year. In addition to this annual fee, patients are responsible for applicable co-pays and co-insurance, and maintain primary care insurance coverage including Medicare. In contrast to the direct care model, this revenue format often referenced as concierge medicine runs the risk of audit or penalty as Medicare and other private insurance carriers cover a comprehensive wellness exam currently listed as part of the MDVIP package.
MDVIP physicians are not directly employed by the company, instead they pay a royalty or franchise fee of $500 per patient per year for services such as patient conversion, marketing, branding, and other support.