Question

Describe the advantages and disadvantages of the General Medical Clinic moving its primary care physicians to concierge or DPC models

Describe how General Medical Clinic’s business model would need to change if it moved to either model? Specifically, how would its value, input, processes, and revenues change?

Answer 1

Ans.) Concierge medicine and direct primary care (DPC) are two models of primary treatment that have detonated in notoriety in the course of the most recent two decades. In spite of the fact that the terms are regularly utilized reciprocally, they are not the equivalent. This can be mistaking for the two patients and specialists who have an enthusiasm for changing over to these models of primary care.

Advantages and disadvantages of the General Medical Clinic moving its primary care to concierge or DPC models –

• From the monetary side of life, concierge practices may gather cash from two income streams: membership fees and insurance payments and accordingly not be as worried about battling insurance agencies as they would in a conventional therapeutic practice.
• One drawback to concierge practices originates from those doctors who still acknowledge Medicare patients. Suppliers are liable to those administration controls for payment, for example, important use rules and guidelines.
• On the other side, the key advantage to direct primary care is that these practices are not exposing to Medicare controls. They additionally don't need to fret about contracting with insurance agencies or stress over case disavowals, pre-accreditation, gathering co-pays and so forth.
• There is one disadvantage: DPC just has one source of income and that is entirely from the patient. That implies that DPC must stay determined with their financial planning to guarantee patient expenses are sufficient to help practice tasks.

Hence, moving from primary care physicians to concierge or DPC models have both the pros and cons.

The General Medical Clinic’s business model would change if it moved to either model as both the models have their different financial aspect. Hence, with the change of the model the financial status may also changed.