Is Concierge Medicine Worth the Price?

Barron's Retirement

By Elizabeth O'Brien | Sunday, September 28

How much would you pay for better access to your doctor? That's the question behind concierge medicine, the growing trend of physicians charging membership fees in exchange for same-day appointments, 24/7 texting abilities, and other perks. Many patients feel it's well worth it to fork over $1,000-plus a year to reduce the considerable friction involved in getting medical care in this country.

Some concierge practices bill insurance for uncovered services, while others don't take it at all. Regardless, patients still need to carry insurance for hospitalizations and other needs that don't fall under an office's concierge umbrella.

There isn't much evidence linking concierge services to improved health outcomes. Any studies would have to control for wealth, since affluent people in the U.S. tend to be healthier than poorer people. I see a real benefit in the care coordination. Many concierge doctors work their connections to get you a timely specialist appointment and then communicate with that specialist on your care plan. For people with complex conditions, that can be a huge boon.

Learn more about concierge doctors in today's edition.

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