BUSINESS
Premium practice: When patients pay top dollar for exclusive careIt's an advanced kind of fee for service -- you charge your patients hundreds or thousands of dollars a year for special access to your practice. It sounds lucrative, but is it ethical?By Cheryl Jackson, AMNews staff. Sept. 17, 2001. They cost a little more, and they don't mind saying they're worth it. Physicians are offering more boutique-style services, promising premium care, to patients who pay annual fees of up to $20,000 per family. For example:
The oldest-known such arrangement -- MD2 (pronounced "MD squared") -- fancies itself a Ritz-Carlton of health care. It charges $20,000 per couple, $13,200 for individuals and an extra $2,000 for a child 14 to college age. Physicians nationwide are considering such moves as a way to deal with high patient loads that they say don't allow for enough time to meet with patients. The patients pay more, but it allows doctors to spend more time with them, and they get a higher level of service, say proponents of the programs. [...] Full text of AMNews content is available to AMA members and paid subscribers.
Copyright 2001 American Medical Association. All rights reserved.
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