Cash Only Health Care

Physicians are more strained than ever before to stay in business and are searching for new models to help them succeed. Physicians’ offices spend between up to $30 billion dollars a year in administrative overhead trying to get paid by insurance companies. Due to the increased burden of administrative overhead and cuts in payments for services, many physicians are weighing the benefits of cash-only practices — meaning they would stop accepting any form of insurance and leave patients to seek reimbursement from insurance companies themselves. Cash only is a type of payment where the patient’s own resources pay for the care. It is contract between the patient and the physician. Individuals pay for care with personal funds, health saving accounts, and other funds. Cash only is the basis upon which the healthcare financing system began. Patients paid physicians a fee-for-service. In its purest sense, the Cash Only model includes only the physician and patient in the exchange of compensation for medical care provided. Over the years as healthcare financing arrangements have changed, entities paying a fee-for-service includes all payers-public and private. Recently, the healthcare industry has referred to physician practices that do not accept health insurance as cash-only practices or Cash only offices. Cash only vastly reduces the traditional overhead expenses by not having to bill and abide by contractual requirements of third party payers. There are already millions of Americans who cannot afford private health insurance and have Medicaid coverage. Others self-insure due to their financial resources being such that they can pay out-of-pocket for their medical expenses.

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Concierge medicine goes by many names, boutique medicine, retainer medicine, executive health, VIP medicine, and personalized medicine. By any name, concierge medicine is the solution for doctors trying to maintain their integrity and independence in today’s difficult healthcare environment. Concierge medicine is a new style of practice with old roots, in which doctors limit their patient base in order to provide patients with personalized service, high quality care, 24-7 availability, and other amenities. In exchange for this enhanced personal attention, patients pay physicians an annual fee. This concierge fee enables physicians to increase their compensation while managing their workload. In addition to receiving an annual fee, most concierge physicians continue to receive reimbursements from health plans and private pay clients. Concierge medicine is a relationship between a patient and a primary care physician in which the patient pays an annual fee or retainer. This may or may not be in addition to other charges. In exchange for the retainer, doctors provide enhanced care. Other terms in use include boutique medicine, retainer-based medicine, and innovative medical practice design. The practice is also referred to as membership medicine, concierge health care, cash only practice, direct care, direct primary care, and direct practice medicine. While all concierge medicine practices share similarities, they vary widely in their structure, payment requirements, and form of operation. In particular, they differ in the level of service provided and the amount of the fee charged. Concierge Medicine is a type of medical practice now found in many metropolitan areas across t Concierge Genetics Concierge Physician Associates is a medical practice that specializes in comprehensive primary, preventive and wellness care Concierge Medicine Association Concierge Medicine is your premiere destination for unparalleled medical care, vaccinations, blood tests, and a wide array of services Concierge Medicine California At Concierge Family Medicine, THE PATIENT ALWAYS COMES FIRST. Our goal is to provide each of our VIP patients with a warm, thorough, convenient Concierge Medicine Family Concierge Medicine for Executive Healthcare with Corporate Wellness and Preventive Medicine is provided here. Concierge Medicine Florida Concierge medicine breathes new life into the trusting doctor-patient ... fee for services required for each family member seeing a concierge physician Concierge Medicine Health Physicians with these exclusive private practices limit the number of patients ... Concierge medicine breathes new life into the trusting doctor-patient Concierge Medicine Private Patients contract directly with a concierge doctor to receive optimal health care, more face time, and 24/7 access Concierge Physician Access Concierge Physician California provides the best care. Physician resources and patient information a Concierge Physician California