MDVIP: Difference between revisions
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'''MDVIP, Inc.''' is an American company, headquartered in [[Boca Raton, Florida|Boca Raton]], [[Florida]], that operates a network of physicians. The company's [[physician]]s practice [[preventive medicine]] and personalized [[Primary care|primary-care medicine]]. |
'''MDVIP, Inc.''' is an American company, headquartered in [[Boca Raton, Florida|Boca Raton]], [[Florida]], that operates a network of physicians. The company's [[physician]]s practice [[preventive medicine]] and personalized [[Primary care|primary-care medicine]]. |
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The national network consists of 840 physicians serving over 260,000 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 portal with focus on diet, exercise, doctor communication and more. The company states that additional patient benefits include [[acute care|acute-care]] visits, same or next-day availability, on-time 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 840 physicians serving over 260,000 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 portal with focus on diet, exercise, doctor communication and more. The company states that additional patient benefits include [[acute care|acute-care]] visits, same or next-day availability, on-time appointments, 24/7 physician availability, and enhanced coordination of specialty care.<ref>[http://www.mdvip.com/patient/patientcare.aspx "MDVIP Patients Member Care"]{{dead link|date=May 2017 |bot=InternetArchiveBot |fix-attempted=yes }}.</ref> |
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==History== |
==History== |
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==Business model== |
==Business model== |
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To supplement insurance reimbursements, MDVIP physicians charge patients an annual fee between $1,500 and $1,800 per year.<ref>[http://articles.boston.com/2011-04-17/business/29428534_1_concierge-medicine-mdvip-boutique-practices]. [[Boston.com]].</ref> In addition to this annual fee, patients are responsible for applicable co-pays and co-insurance, and maintain primary-care [[Health insurance|insurance]] coverage including [[Medicare (United States)|Medicare]].<ref>[http://www.mdvip.com/patient/insurancemedicare.aspx MDVIP Insurance and Medicare].</ref><ref>[http://articles.boston.com/2011-04-17/business/29428534_1_concierge-medicine-mdvip-boutique-practices]. [[Boston.com]].</ref> In contrast to the [[Concierge medicine#Concierge medicine vs. direct primary care|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.<ref>[http://www.aarp.org/health/health-care-reform/info-07-2011/free-medicare-wellness-exam.html "What You Need to Know About the New, Free Medicare Checkup"]. [[AARP]].</ref> |
To supplement insurance reimbursements, MDVIP physicians charge patients an annual fee between $1,500 and $1,800 per year.<ref>[http://articles.boston.com/2011-04-17/business/29428534_1_concierge-medicine-mdvip-boutique-practices]{{dead link|date=May 2017 |bot=InternetArchiveBot |fix-attempted=yes }}. [[Boston.com]].</ref> In addition to this annual fee, patients are responsible for applicable co-pays and co-insurance, and maintain primary-care [[Health insurance|insurance]] coverage including [[Medicare (United States)|Medicare]].<ref>[http://www.mdvip.com/patient/insurancemedicare.aspx MDVIP Insurance and Medicare]{{dead link|date=May 2017 |bot=InternetArchiveBot |fix-attempted=yes }}.</ref><ref>[http://articles.boston.com/2011-04-17/business/29428534_1_concierge-medicine-mdvip-boutique-practices]{{dead link|date=May 2017 |bot=InternetArchiveBot |fix-attempted=yes }}. [[Boston.com]].</ref> In contrast to the [[Concierge medicine#Concierge medicine vs. direct primary care|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.<ref>[http://www.aarp.org/health/health-care-reform/info-07-2011/free-medicare-wellness-exam.html "What You Need to Know About the New, Free Medicare Checkup"]. [[AARP]].</ref> |
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MDVIP physicians are not directly employed by the company, instead they pay a [[Royalties|royalty]] or [[Franchise fee|franchise]] fee of $500<ref>[http://www.journalwatchdog.com/business/932-a-different-kind-of-doctoring "A Different Kind of Doctoring].</ref> per patient per year for services such as patient conversion, marketing, branding and other support.<ref>[https://forrestdirectpay.com/page/why-forrest-direct-pay "Forrest Direct Pay"].</ref> |
MDVIP physicians are not directly employed by the company, instead they pay a [[Royalties|royalty]] or [[Franchise fee|franchise]] fee of $500<ref>[http://www.journalwatchdog.com/business/932-a-different-kind-of-doctoring "A Different Kind of Doctoring]{{dead link|date=May 2017 |bot=InternetArchiveBot |fix-attempted=yes }}.</ref> per patient per year for services such as patient conversion, marketing, branding and other support.<ref>[https://forrestdirectpay.com/page/why-forrest-direct-pay "Forrest Direct Pay"] {{webarchive|url=https://web.archive.org/web/20120402224259/https://forrestdirectpay.com/page/why-forrest-direct-pay |date=April 2, 2012 }}.</ref> |
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==See also== |
==See also== |
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Revision as of 20:36, 28 May 2017
| Company type | Privately held company |
|---|---|
| Industry | Health care |
| Founded | 2000 |
| Headquarters | , United States |
Area served | 43 states and the District of Columbia |
| Services | Primary-care medicine |
| Parent | Summit Partners |
| Website | mdvip |
MDVIP, Inc. is an American company, headquartered in Boca Raton, Florida, that operates a network of physicians. The company's physicians practice preventive medicine and personalized primary-care medicine.
The national network consists of 840 physicians serving over 260,000 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.[1]
History
Founded in Boca Raton in 2000, in June 2014, growth-equity investor Summit Partners acquired the company from Procter & Gamble Company.[2]
Business model
To supplement insurance reimbursements, MDVIP physicians charge patients an annual fee between $1,500 and $1,800 per year.[3] In addition to this annual fee, patients are responsible for applicable co-pays and co-insurance, and maintain primary-care insurance coverage including Medicare.[4][5] 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.[6]
MDVIP physicians are not directly employed by the company, instead they pay a royalty or franchise fee of $500[7] per patient per year for services such as patient conversion, marketing, branding and other support.[8]
See also
References
- ^ "MDVIP Patients Member Care"[permanent dead link].
- ^ [1].
- ^ [2][permanent dead link]. Boston.com.
- ^ MDVIP Insurance and Medicare[permanent dead link].
- ^ [3][permanent dead link]. Boston.com.
- ^ "What You Need to Know About the New, Free Medicare Checkup". AARP.
- ^ "A Different Kind of Doctoring[permanent dead link].
- ^ "Forrest Direct Pay" Archived April 2, 2012, at the Wayback Machine.
Further reading
- "Concierge Medicine: Greater Access for a Fee". PBS NewsHour. PBS television, July 9, 2012.
External links
- mdvip
.com, the company's official website