JOURNAL ARTICLE

Concierge medicine is gaining popularity among older adults—but don't count on Medicare to pay for its biggest fees.

  • Published In: Fortune.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Fisher, Margie Zable 3 of 3

Abstract

The article focuses on concierge medicine, a healthcare model where patients pay an annual membership fee for personalized medical services. This approach is gaining popularity, particularly among older adults aged 50 to 80, due to the increasing demand for healthcare services amid rising chronic diseases. The global concierge medicine market is expanding, with an estimated 12,000 to 13,000 physicians in the U.S. offering subscription-based programs, although this is a small fraction of the total primary care physicians. Membership costs typically range from $2,000 to $5,000 annually and may include benefits such as same-day appointments, longer consultations, and personalized wellness plans, while Medicare coverage applies to certain services but not to membership fees. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2024/06, pN.PAG
  • Document Type:Article
  • Subject Area:Consumer Health
  • Publication Date:2024
  • Accession Number:177661272
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