Institute:Office of National Coordinator (ONC) Workforce Training Curriculum
Component:Introduction to Health Care and Public Health in the U.S.
Unit:Financing Health Care - Part 2
Lecture:Methods of Controlling Rising Medical Costs
Slide content:Concierge Medicine - 4 Practice costs lower Lower staff costs Fewer patients = fewer administration/nursing Lower overhead costs Rent smaller office Lower utility costs Perception of improved quality No difference from traditional primary care 17
Slide notes:In general, practice costs are lower, primarily due to the limited number of patients in the practice. Since many concierge practices do not bill insurance, administrative staff costs are lower. In addition, less nursing staff is needed to support the smaller volume of patients seen on any particular day. Overhead costs are also lower as less office space is needed to accommodate the smaller number of patient appointments and administrative staff for billing. This also results in lower utility costs. Quality of care is perceived to be higher by patients, but evidence suggests that there is no difference in the quality of measured medical outcomes from a traditional primary care practice. Health IT Workforce Curriculum Version 4.0 17