MDVIP: Difference between revisions
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'''MDVIP, Inc.''' is a network of physicians founded in [[Boca Raton, Florida]] in 2000. |
'''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 [[physician]]s practice proactive, [[Preventive medicine|preventive]], and personalized [[Primary care|primary care medicine]]; not merely the detection and treatment of disease. |
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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 [[Physical examination|comprehensive physical examination]] and follow-up wellness plan as well as electronic medical records and a personalized patient portals with focus on diet, exercise, doctor communication and more. Additional patient benefits include [[acute care]] visits, same or next day availability, on-time unhurried appointments, 24/7 physician availability, and enhanced coordination of specialty care.<ref>[http://www.mdvip.com/patient/patientcare.aspx MDVIP Patients Member Care]</ref> |
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 [[Physical examination|comprehensive physical examination]] and follow-up wellness plan as well as electronic medical records and a personalized patient portals with focus on diet, exercise, doctor communication and more. Additional patient benefits include [[acute care]] visits, same or next day availability, on-time unhurried appointments, 24/7 physician availability, and enhanced coordination of specialty care.<ref>[http://www.mdvip.com/patient/patientcare.aspx MDVIP Patients Member Care]</ref> |
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==References== |
==References== |
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{{Reflist}} |
{{Reflist}} |
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http://www.themiddlemarket.com/news/2/summit-partners-buys-mdvip-from-p-g-249552-1.html |
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== Further reading == |
== Further reading == |
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Revision as of 14:26, 3 September 2014
| Industry | Health care |
|---|---|
| Founded | 2000 |
| Headquarters | Boca Raton, FL , United States |
Area served | at present 43 States and the District of Columbia. |
| Services | Primary care medicine |
| Parent | Summit Partners |
| Website | mdvip |
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 proactive, preventive, and personalized primary care medicine; not merely the detection and treatment of disease.
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 portals with focus on diet, exercise, doctor communication and more. Additional patient benefits include acute care visits, same or next day availability, on-time unhurried appointments, 24/7 physician availability, and enhanced coordination of specialty care.[1]
Business Model
To supplement insurance reimbursements, MDVIP physicians charge patients an annual fee between $1500 and $1800 per year.[2] In addition to this annual fee, patients are responsible for applicable co-pays and co-insurance, and maintain primary care insurance coverage including Medicare.[3][4] 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.[5]
MDVIP physicians are not directly employed by the company, instead they pay a royalty or franchise fee of $500[6] per patient per year for services such as patient conversion, marketing, branding, and other support.[7]
References
http://www.themiddlemarket.com/news/2/summit-partners-buys-mdvip-from-p-g-249552-1.html
Further reading
- "Concierge Medicine: Greater Access for a Fee", PBS NewsHour, PBS television, July 9, 2012