In order to create the direct relationship with each patient, as well as offer an exceptional level of care, the physician reduces the number of patients they see. For instance, the typical primary care physician has about 2,000 – 3,000 patients in their practice. In a private practice model, the physician limits their practice to 400 – 600 patients. The specific number is determined by the physician’s practice dynamics.
In order to provide an exceptional level of care and service, Meridian charges each patient an annual fee. The fee covers the cost of direct physician 24×7 access, same day or next day appointments, extended office visits, on time appointments, coordination of care, patient advocacy and other services provided by the practice.
It is customary for patients who join a private medical practice to maintain a health insurance policy for non-covered services which may include diagnostic testing, specialist care, hospital care or other expenses. Patients who have a health savings account are encouraged to discuss their benefits with their financial adviser or their employer’s benefits manager.
Given patient demand, the ever-changing health care landscape, the complexity of the health care system and a growing physician shortage; an increasing number of practices are converting to a private practice model.