The DocPreneur Leadership Podcast Would your practice survive if you took a were no longer in it?
By Editor-in-Chief, Concierge Medicine Today
While concierge medicine aims to deliver exceptional care, making the physician the product can lead to significant setbacks. To succeed, practices must prioritize relationships, foster teamwork, and emphasize patient outcomes. By adopting a balanced approach that values both the physician’s expertise and the contributions of the broader healthcare team, concierge medicine can achieve lasting success and genuinely serve its patients.
1. Unrealistic Expectations Could Lead to Burnout
Prioritizing the doctor as a product places immense pressure on physicians, contributing to burnout—affecting nearly 42% of doctors (Maslach et al., 2018). A physician who is overwhelmed can’t provide the high-quality care patients deserve. On the one hand, it doesn’t take long to resent the relentless pressure and unrealistic expectations. On the other hand, it’s far too easy to get addicted to them – to like being at the center too much. Way too much.
2. Erosion of Personal Connection
Reducing physicians to products undermines essential personal relationships crucial to healthcare. Strong patient-physician bonds foster trust and lead to better health outcomes (Hojat et al., 2011).
If you were no longer working and kicked out of the practice tomorrow, what would be left of your practice -- would it and could it survive without you?!
3. Increased Competition for Patient Loyalty
This model promotes a focus on attracting new patients rather than nurturing existing ones, jeopardizing long-term relationships. Personalized care strategies tend to yield better retention than mere marketing tactics.
4. Unsustainable Business Models
Investing heavily in the physician's image rather than improving patient care systems often leads to unstable business practices (MGMA, 2020).
5. Unrealistic Patient Expectations
Marketing healthcare around a physician’s capabilities can foster unrealistic expectations, leaving patients disappointed when their complex needs aren't met.
If you were no longer working and kicked out of the practice tomorrow, what would be left of your practice -- would it and could it survive without you?!
6. Neglect of Team-Based Care
Emphasizing the individual physician sidelines the contributions of the healthcare team, compromising overall quality. Effective care requires collaboration among all team members (McGlynn et al., 2003).
7. Misguided Investment in Technology
When the focus is on the physician, practices may overlook necessary investments in technology that enhance care and efficiency, ultimately affecting patient satisfaction (Albrecht et al., 2019).
On the one hand, it doesn’t take long to resent the relentless pressure and unrealistic expectations. On the other hand, it’s far too easy to get addicted to them – to like being at the center too much. Way too much.
8. Diminished Patient Diversity
An overemphasis on a single physician can narrow patient demographics, reducing the practice's accessibility and diversity, which are crucial for enriching healthcare.
9. Revenue Over Care Focus
When financial gain becomes the primary driver, patient satisfaction often declines. Research underscores that patient-centric practices yield better health outcomes and greater cost-effectiveness (National Academy of Medicine, 2019).
10. Missed Opportunities for Continuous Improvement
Focusing solely on the doctor can stifle innovation. Continuous education and system enhancements are vital in a rapidly evolving healthcare landscape.
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