New Data on Concierge Physician Salaries Released by Concierge Medicine Today

(PRWEB) June 06, 2013

The Concierge Medicine Research Collective, the independent health care research depository of the concierge and direct primary care industry's trade publication, Concierge Medicine Today, has just released new data summarizing concierge medicine physician salaries. The data is based on surveys, polling analysis and verbal responses received from concierge doctors across the U.S. from 2009-2012. Here are some of the highlights:

The Collective estimates concierge medicine and direct care physicians number approximately 5,000-5,5000 physicians and/or physician clinics across the U.S. This according to in-depth review and recent examination of the national marketplace as well as interviews with corporate industry leaders. The Collective also found that the states which appear to be the leanest from a concierge physician service population perspective are in areas such as: Hawaii; Idaho; Iowa; Mississippi; Maine; New Hampshire and South Dakota. Furthermore, The Collective found the number of patients who are seeking concierge medical care in the past 24-months is far greater than the actual number of primary care and family practice concierge doctors available to serve them. Concierge medical services in rural areas like Idaho, North Dakota, South Dakota, Alaska, Hawaii, Louisiana and Mississippi are in shortly supply. Often times, they have found that there are less than half-a-dozen practitioners to serve an entire state.

"Growth in any service industry, particularly healthcare depends largely on consumer spending. Concierge medicine and it's cousin, direct primary care are approaching a tipping point," says Michael Tetreault, Executive Director of The Collective and Editor of the industry's trade publications, Concierge Medicine Today and The Direct Primary Care Journal. "Doctors are now deciding between what they have to do and what they want to do."

2013 Concierge Medicine Physician Compensation Data

When compared to traditional, insurance-based physicians working in a hospital setting, Today's Hospitalist conducted their own limited survey of non-concierge hospitalist physicians and found that the salary ranges very widely with some hospitalists making between $150,000 to $227,000 in annual income.

2013 Concierge Medicine Physician Compensation Data

It's also important to note that Concierge Medicine and Cash Only practices are on the rise (albeit a slow one) but joining ACOs jumped up from 3% to 16%, this from a 2013 MedScape Survey.

Concierge Medicine Career Satisfaction

"I think the most powerful piece of this data is this one that speaks to career satisfaction," adds Tetreault. "The modern-day primary care career path is more challenging today because things like low reimbursement, high-overhead and liability insurance only bother you when you do work that matters. The good news today is that the concierge medicine and direct primary care business models provide doctors with hope, a practical billing pattern, price transparency and trust with patients. This is a career path physicians can trust and it's a proven business model that patients value."